Home > News > World
Sunday February 23, 2014 MYT 2:25:02 PM
Sunday February 23, 2014 MYT 2:25:55 PM
SYDNEY (Reuters) - The European Union is ready to offer substantial financial aid to Ukraine once it has a new government, and should offer a clear European perspective to Kiev, the EU's Economic and Monetary Affairs Commissioner Olli Rehn said on Sunday.
Ukraine's parliament voted to remove President Viktor Yanukovich after three months of street protests. Yanukovich abandoned the capital to the opposition on Saturday and denounced what he described as a coup after several days of bloodshed this week that claimed 82 lives.
Removal of the pro-Russian Yanukovich should pull Ukraine away from Moscow's orbit and closer to Europe. It is also a reversal for Russian President Vladimir Putin's dream of recreating as much as possible of the Soviet Union in a new Eurasian Union. Moscow had counted on Yanukovich to deliver Ukraine as a central member.
"From a European point of view it is important that we provide a clear European perspective for the Ukrainian people who have shown their commitment to European values," Rehn said after a meeting of the world's financial leaders in Sydney.
"We are ready to engage in substantial financial assistance for Ukraine once a political solution, based on democratic principles, is finalised and once there is a new government which is genuinely and seriously engaged in institutional and economic reforms," he said.
Asked how substantial the aid from the European Union to Ukraine could be, Rehn said that the EU was evaluating the needs.
"We have to live up to the challenge of this historic moment," he told a news conference.
(Reporting By Jan Strupczewski)
Anti-Houthi fighters score more gains in south Yemen
South Africa's Tutu discharged from hospital after recurring infection
Syria foreign minister in Tehran for talks with Iran, Russia
Judge throws out fraud case against South African firebrand Malema
Belgian minister under fire for saying migrants can pay for hotels
How to manage your project cashflow
Injured Ibrahimovic ruled out of PSG's season opener
Star ePaper surpasses 100,000 mark
Cycling for a good cause
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)