The European Union will facilitate the negotiations between Ukraine and the International Monetary Fund (IMF) in order to obtain loans if Kyiv assumes a clear commitment to sign an Association Agreement, EU Commissioner for Enlargement and European Neighbourhood Policy Stefan Fule said following a meeting with Ukraine's First Deputy Prime Minister Serhiy Arbuzov in Brussels.
According to him, this work would include arriving at a common understanding on the expected benefits and investments. "We have heard recently grossly exaggerated speculations about the alleged cost of Ukraine's modernisation linked to the AA. Frankly, many of the figures flying around are neither based on facts nor justified," Fule noted. He also added that it is important to take a sober look at short and long-term benefits and not see related investments that would create a modern, competitive Ukrainian economy, as a cost.