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EU says Ukraine needs $15 bln, has limited ability to help
December 17, 2014 / 1:01 PM / in 3 years

EU says Ukraine needs $15 bln, has limited ability to help

BRUSSELS, Dec 17 (Reuters) - The International Monetary Fund estimates Ukraine needs another $15 billion in financing to withstand an economic crisis but the European Union has only limited capacity to help, European Commission President Jean-Claude Juncker said on Wednesday.

“Ukraine will need more help. The assessment of Ukraine’s financing gap has been completed by the IMF. Ukraine will need $15 billion in addition to what is already planned,” he told the European Parliament in Strasbourg.

An IMF team visited Kiev last week for talks on its existing $17 billion bailout package. Media reports have said the IMF identified a $15 billion shortfall but it is the first time the figure has been confirmed by an EU official. ($1 = 0.8028 euros) (Reporting by Adrian Croft; Editing by Susan Fenton)

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