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Produced by Xinhua Global Service

The Council of the European Union today formally decided to provide €5 billion of additional macro-financial assistance (MFA) to Ukraine as a matter of urgency.

On 9 September, at an informal meeting of the Ecofin Council in Prague, EU finance ministers agreed to provide an additional €5 billion in assistance for Ukraine. This additional aid was officially approved today after the necessary formal steps were completed in just 11 days.

This financial assistance complements other EU support to Ukraine in the humanitarian, development, customs and defence fields.

This €5 billion macro-financial assistance will be provided to Ukraine in the form of highly concessional long-term loans. It constitutes the second stage in the implementation of the EU’s planned exceptional macro-financial assistance to Ukraine of up to €9 billion, announced by the European Commission this May.

The EU says a decision on the implementation of the third phase of the Union’s exceptional macro-financial assistance of up to €3 billion will be taken shortly, once the structure of this assistance has been determined.

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Press release

Georgian Prime Minister Irakli Garibashvili’s met with the State Councilor and Foreign Minister the People’s Republic of China, Wang Yi. Held within the scope of the United Nations General Assembly in New York, the meeting focused on the close friendly relations between the two countries and prospects of their development.
Irakli Garibashvili and Wang Yi discussed the key directions of the cooperation between Georgia and the People’s Republic of China and commended the existing productive cooperation.

It was pointed out that China is among Georgia’s top five trade partners.
China’s support of Georgia’s sovereignty and territorial integrity was pointed out.
The Head of Government assured the State Councilor and Foreign Minister the People’s Republic of China of Georgia strong support for the One-China policy.
Emphasis was put on the importance of cementing bilateral ties and the high dynamic of agency-level cooperation was applauded.

The parties welcomed the 30th anniversary of diplomatic relations between China and Georgia and expressed readiness to foster the further deepening of the existing friendly relations between the two countries.

Press Service of the Government Administration