EU leaders to pledge more Ukraine money, threaten Russia sanctions
BRUSSELS - The EU is prepared to inject more money into Ukraine and to impose further sanctions on Russia if need be, draft summit conclusions say.
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In an unusual step designed to assuage popular domestic and foreign fears over deep-rooted corruption in its political elite, it granted citizenship to an American businesswoman, a Georgian official, and a Lithuanian banker and appointed them as its ministers of finance, health, and economy.
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The IMF has so far paid out $8.2 billion of a $17 billion package to cover the period until 2016, while the EU has committed €1.6bn ($2bn).
But EU officials believe it needs another $15 billion to stay in the black - an amount equal to the bloc’s entire budget for the six states in its eastern neighbourhood programme for the next seven years.
http://euobserver.com/foreign/126855