newsEnergy sector reform in Ukraine is a condition for further financial support from the European Union, commissioner Stefan Fule. 

Neighborhood Commissioner Fule convened a donor’s conference for Ukraine in Brussels. Ukraine’s economy is in trouble, though it recently signed free-trade and association agreements with the European Union.

The European Commission in March presented a support package worth $15 billion over the next seven years to help stabilize Ukraine. Fule said a condition for what he said was sustainable stabilization in Ukraine is progress on its reform agenda.

“We also need to see further action on the economy, trade and business and in the energy sector,” he said in his address. “Any further financial support from the European Union will be linked to and dependent on ongoing reform efforts.”

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