OREANDA-NEWS. On September 19, 2008 Pursuant to an order of the Cabinet of Ministers of Ukraine of 17.09.08 №1234-р Economics Minister of Ukraine Bohdan Danylyshyn, National Coordinator on European Union assistance, Bohdan Danylyshyn on behalf of the Government of Ukraine signed an Agreement on financing of the EU assistance program “Implementation of the Energy Strategy of Ukraine”, reported the Official website www.kmu.gov.ua.

“The mentioned international agreement is the first agreement signed on the Ukrainian part within the frames of implementation of the European Partnership and Neighbourhood Instrument which envisages granting a direct budget support to Ukraine,” the head of economics department stressed.

The total budget of the program amounts 87 million Euro, out of which a direct budget support – 82 million Euro, technical aid directed to implementation of the budget support – 5 million Euro.

The funds of direct budget input, provided to Ukraine on an invariable basis, have to be directly transferred to the State Budget of Ukraine with two tranches and will be meant for the support of realization of the Energy Strategy of Ukraine.

The condition of making these payments is achievement of indicators of implementation of the program which appear an integral part of the Agreement. A component of technical assistance will be directed to facilitation in reaching of the mentioned indicators.

A list and priority of the measures meant to be implemented at the account of funds which have to come within the framework of a component of the budget support of the program will be determined by the Government.

The Agreement on financing of the EU assistance program “Implementation of the Energy Strategy of Ukraine” has been sent to the European side for signing.