European help to Ukraine ‘unprecedented’ €11 billion – EU representative

The European Union is ready give Ukraine lots of money to help pay its multibillion dollar gas debt to Russia, according to the head of the EU office in Russia Vygaudas Usackas.

“The European Union is allocating up to an unprecedented €11 billion in financial aid to Ukraine,” Vygaudas Usackas said in an interview with the Echo Moscow radio station on Wednesday.

“We helped to reach agreements between Russia and Ukraine over a wide range of complex gas issues, and both the EU and IMF will continue to allocate sums needed for paying off the Ukrainian gas debt,” he added .... http://rt.com/business