The package of support to Ukraine sets out the main concrete measures that the Commission is proposing for the short and medium term to help stabilise the economic and financial situation in Ukraine, assist with the transition and encourage political and economic reform.

While some of these measures can be carried out quickly, others will require further planning and preparation. For many of them, the urgent and active support of the Council and European Parliament are necessary.

Key elements of the package agreed on March 5, 2014:

• €3 billion      from the EU budget in the coming years, €1.6 billion in macro financial      assistance loans (MFA) and an assistance package of grants of €1.4      billion;
• Up to €8      billion from the European Investment Bank and the European Bank for      Reconstruction and Development;
• Potential      €3.5 billion leveraged through the Neighbourhood Investment Facility;
• Setting up of      a donor coordination platform;
• Provisional      application of the Deep and Comprehensive Free Trade Area when Association      Agreement is signed and, if need be, by autonomous frontloading of trade      measures;
• Organisation      of a High Level Investment Forum/Task Force;
• Modernisation      of the Ukraine Gas Transit System and work on reverse flows, notably via      Slovakia;
• Acceleration      of Visa Liberalisation Action Plan within the established framework; Offer      of a Mobility Partnership;
• Technical      assistance on a number of areas from constitutional to judicial reform and      preparation of elections.