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EU-Ukraine summit to sign deal facilitating low-cost air travel

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A SkyUp Boeing 737-800 plane (L) and a Ukraine International Airlines Boeing 737-900 airplane are seen on the Boryspil International Airport amid the coronavirus illness (COVID-19) outbreak, exterior Kiev, Ukraine May 26, 2020. REUTERS/Gleb Garanich

Oct 11 (Reuters) – The European Union and Ukraine are set to sign an aviation settlement at a summit in Kyiv on Tuesday that’s anticipated to open the nation to extra low-cost air routes and increase tourism, in accordance to EU officers.

The Common Civil Aviation Area Agreement will enhance air connections and create new business alternatives for airways within the EU and Ukraine, EU officers mentioned on Monday with out elaborating.

In Kyiv, the EU and Ukraine will search to additional strengthen financial and political ties, after hanging an settlement in 2017 that gave Ukraine preferential entry to the EU and has seen commerce improve considerably.

The EU can even launch a 6.5 billion euro ($7.5 billion) funding bundle designed to stimulate public-private investments in Ukraine, in accordance to officers of the bloc.

Ursula von der Leyen and Charles Michel, the heads of the EU’s govt Commission and the Council representing EU member states, and Ukraine’s President Volodymyr Zelenskyy can even talk about Kyiv’s issues a couple of fuel scarcity prompted by shrinking Russian provides.

“We will probably be consulting intimately with Ukraine … to decide what could be carried out certainly to improve the attainable bodily fuel provide capability from (EU) member states to Ukraine in case of shortages now and sooner or later,” an EU official mentioned, referring to attainable will increase within the reverse movement capabilities which the EU can use to ship fuel to Ukraine.

Ukraine accuses Russia’s Gazprom (GAZP.MM) of utilizing vitality as a weapon after the vitality big applied a transit deal with Hungary that deprives Kyiv of fuel provides. learn extra

The settlement doesn’t solely imply that Ukraine loses transit revenues however it may well now not import reverse movement fuel by way of Hungary, which it has been doing since 2015 as a approach of not shopping for fuel instantly from Russia.

Europe is affected by sky-rocketing fuel costs as tight fuel provides meet robust demand in economies recovering from the COVID-19 pandemic.

Ukrainian ties with Moscow have been in disaster since Russia’s annexation of Crimea in 2014 and its backing for a separatist rebellion in jap Ukraine.

($1 = 0.8645 euros)

Reporting by Sabine Siebold; Editing by Hugh Lawson

Our Standards: The Thomson Reuters Trust Principles.