The Canadian Press - ONLINE EDITION
Posted: 02/3/2014 11:02 AM | Comments: 0
BRUSSELS - European Commission President Jose Manuel Barroso says the 28-nation bloc is looking into providing additional financial assistance for crisis-ridden Ukraine but won't start a bidding war with Russia to buy Kyiv's allegiance.
Barroso said Monday Ukraine is facing "very huge challenges" and the EU and its international partners are discussing what more can be done to help, provided Kyiv will commit to reforming its economy in return.
Barroso says the EU's offer of a wide-ranging free trade deal remains on the table and its readiness to provide further assistance wasn't about entering a "bidding competition of who pays more for a signature from Ukraine."
Ukrainian President Viktor Yanukovych's rejected the EU deal in November and accepted a $15 billion loan package from Russia instead, which triggered massive ongoing anti-government protests.
Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.
Having problems with the form?Contact Us Directly
China's inflation rate eases to 2 pct in February
Austin tech firm had 20 employees on missing plane
Railways face big fines
WikiLeaks' Assange talks NSA, hints at more leaks
Cops confirm quote's accuracy
Why Malaysia Airlines jet might have disappeared
Fantasy-sports channel on air
Patrick to celebrate Boston-Dubai nonstop service
Budget boosts small businesses
Obama: It's time to give America a raise
Good times uncertain until arrival
Real estate: hot or not?
Don't forget your tax-time paperwork