European Parliament favours financial aid for Ukraine

Brussels, Feb 28: European Parliament urged EU Thursday to help Ukraine with urgent financial aid while enforcing targeted sanctions against “those responsible for violence” there, Xinhua reported.

“To help Ukraine tackle its worsening economic and balance of payments difficulties, the EU and international financial organisations should offer both a short-term financial rescue package, and a longer term one, to support necessary reforms,” European parliament said in a statement.

European parliament also called on EU countries to stop the outflow of “embezzled” money from Ukraine.

“The EU must enact travel bans and freeze the EU assets of those responsible for violence in Ukraine,” it added.