The European committee will provide Ukraine for financial assistance in amount of EUR 494 million within the European neighborhood policy during 2007-2010.

According to the press office of the European committee, official announcement on assistance will take place tomorrow in Brussels during the meeting of the EU commissioner on foreign affairs and the European neighborhood policy Benita Ferrero-Waldner with the President of Ukraine Viktor Yushchenko.

Funds are expected to be spent on support of the implementation of the Memorandum between Ukraine and the EU on cooperation in energy sphere, strengthening of possibilities of Ukraine in migration management and border security, improvement of independence and effectiveness of judicial power and office prosecutor and also efforts support on problems with climate changes.

Moreover, Ukraine will be take advantage of funds of the Investment fund of neighborhood, the European investment bank and the European bank for development and reconstruction.

During 2004-2006 the EU assistance for Ukraine made EUR 212 million.


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