The EU's relations with Ukraine

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The European Union and Ukraine share an objective which transcends bilateral cooperation: gradual progress towards political association and economic integration.

In mid-2013 the EU-Ukraine Council endorsed an updated EU-Ukraine Association Agenda , designed to pave the way for the Association Agreement and the Deep and Comprehensive Free Trade Area (DCFTA ).

On 5 March 2014 the European Commission agreed on a financial assistance package of at least EUR 11 bn in loans and grants from the EU budget and EU-based international financial institutions, to:

  • help stabilise Ukraine's economic & financial situation
  • support transition
  • encourage political & economic reforms
  • support inclusive development.

After signing the political chapters of the EU-Ukraine Association Agreementat the EU summit of 21 March 2014, both parties signed the remaining sections of the Agreement - including the Deep and Comprehensive Free Trade Area (DCFTA) - in the margins of the EU summit of 27 June 2014. Ukraine is expected to ratify the Agreement later this year. The aim is to start applying certain provisions (including nearly all the DCFTA section) provisionally from 1 November 2014.


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Multimedia

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