DISINFO: Ukraine surrenders its sovereignty to get loans from the EU
SUMMARY
The Verkhovna Rada voted to surrender part of Ukraine’s sovereignty. Ukraine will receive expensive loans of 600 million euros from the European Union, because of which the Verkhovna Rada even voted to surrender part of our sovereignty. Poland and the EU will demand something else (from Ukraine).
RESPONSE
Recurring pro-Kremlin disinformation narrative aboutabandoned Ukraine and loss of sovereignty. On 23 July, the EU officially approved an agreement on macro-financial assistance - a loan in the amount of 1.2 billion euros. Brussels agreed to transfer half of the funds at once, but in order to receive the next 600 million, Ukraine must carry out a number of reforms. In this regard, the Verkhovna Rada of Ukraine on 25 August adopted a law on the ratification of the Memorandum of Understanding between Ukraine and the European Union and the Credit Agreement between Ukraine and the EU. There is no mention of Ukraine's “surrender of sovereignty” to the European Union in any bilateral document. Ukraine has been using the EU macro-financial assistance programme since 2014, the money is used to support reforms in the country. This tranche for Ukraine will be the fifth in a row. In the Memorandum of Understanding, Ukraine and the EU have agreed on the policy actions to which Ukraine commits in order to receive the assistance. Specifically, the MoU includes eight policy conditions related to strengthening public finance management, governance and rule of law, competition in the gas market improving the business climate and governance of state-owned enterprises. The assistance programme will be available for a period of 12 months. Read similar case claims that the EU provides practically no assistance to Ukraine.