EU says could send over 1 billion euros more aid to Ukraine

The European Union may disburse more than one billion euros in loans to Ukraine over the coming months and could consider further aid beyond that, European Commission President Jose Manuel Barroso said on Saturday. In March, the EU offered an 11 billion euro ($14.45 billion) package of loans and grants to Ukraine over the next several years to help get the shattered economy back on its feet. Ukraine has been caught in a geopolitical tug of war between the EU and Russia. "More than half a billion euros in loans and 250 million euros in grants have already been mobilized by the European Commission as part of this package," Barroso told reporters after talks with Ukrainian President Petro Poroshenko in Brussels. Read More http://ift.tt/1rFSafw