BRUSSELS (Reuters) - The European Commission agreed on Tuesday to give nearly 500 million euros ($685 million) worth of trade benefits to Ukraine, which had been teetering towards default even before pro-Western unrest in Kiev revived Cold War tensions.
The Commission plans to remove duties on a wide range of agricultural goods, textiles and other imports in an effort to support the Ukrainian economy, which is heavily dependent on Russian energy supplies and running critically short of foreign currency to meet debts or finance imports.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
