EU and Ukraine willing to move towards closer political and economic ties
Political association and economic integration through a new Association Agreement was one of the main topics on the Summit's agenda. Leaders also addressed energy relations, a visa liberalisation action plan, and other regional and multilateral issues.
The newly signed Association Agreement will bring concrete benefits to both EU and Ukraine's citizens. "It will give Ukraine greater access to the world's biggest internal market and bring significant benefits in terms of increased trade, investment and real economic modernisation," explained President Barroso. This process will require deep reforms, tangible and substantial progress and determined actions by the Ukrainian authorities, he added.
Speaking at the post-summit press conference President Barroso expressed his satisfaction with Ukraine's unequivocal commitment to seizing the opportunity to pursue genuine reforms and to uphold democratic values. He looked forward to concrete action being taken in the changes in the electoral code, overall political and economic reforms and decisive action on the issue of selective justice.
"During the Summit we have agreed on a Macro-Financial Assistance package of €610 million to support Ukraine's balance of payments over the coming years," said the President. This is the largest ever Macro-Financial Assistance package and represents a clear demonstration of the EU's support to Ukraine’s prosperity.
The EU was represented at the Summit by President of the European Council Van Rompuy and the European Commission President Barroso, while Ukraine was represented by President Viktor Yanukovych.