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EU agrees $2bn loan to Ukraine as country grapples with economic crisis

  • The European Union has agreed a $2 billion loan to Ukraine to help the cash-strapped country carry out economic reforms.

    The deal was signed at a summit in Latvia attended by several former Soviet republics.

    International creditors including the EU want Kiev to take steps to clamp down on corruption and open up the economy. The conflict in eastern Ukraine has deepened the country’s economic crisis.

    Meanwhile, Amnesty International has said that it has evidence that both pro-Russia rebels and Ukrainian government forces are torturing captives.

    Tagged as: European Union, Ukraine loan, cash-strapped Ukraine, economic reforms, Latvia, Soviet republics, EU, Ukraine conflict, rebels, business news