EU-Ukraine summit: EU and Ukraine sign energy, anti-corruption deals

16:41 Nov. 24, 2016

EU and Ukraine sign energy, anti-corruption deals

Ukraine and EU leaders at the summit in Brussels (AP Photo)

We want to maintain Ukraine as an important transit country also for the future, EU Commission VP says 

Read also: Visa-free saga: High hopes vs reality (LIVE BLOG)

Ukraine and the European Union have signed the Memorandum of understanding on energy cooperation, which has replaced the previous 2005 agreement. 

According to the official website of the European Commission, the new document should broaden the cooperation in all areas, including renewable energy. Until now the cooperation between Kyiv and Brussels was focused primarily on energy and nuclear safety, infrastructure and market reforms.

‘Ukraine has been a long-standing strategic energy partner for the EU. It has been a reliable transit country for transporting Russian gas to EU countries even during recent turbulent times. We want to maintain Ukraine as an important transit country in the future', EU Commission Vice-President for Energy Union Maros Sefcovic said.

He added that ‘it was time to expand cooperation and attract more investments in all other areas of energy'.

EU Commissioner for Energy and Climate action Miguel Arias Canete, in turn, said the memorandum was recognition of Ukraine's ‘significant reforms' in the gas sector.

Read also: EU-Ukraine visa-free epic tale: The day that never comes

In a series of cooperation deals, signed at the summit, Kyiv and Brussels struck a EURO 15 mln anti-corruption agreement.

Under the terms of the deal, the EU's money will be focused on strengthening departments in the Ukrainian government, responsible for ironing out corruption, as well as improving the Parliament's supervision of the implementation of the anti-corruption reforms.

Denmark's Foreign Ministry is involved in the project, which will begin at the end of 2016. 

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