The European Union and Ukraine share an objective which transcends bilateral cooperation: gradual progress towards political association and economic integration.
On 5 March 2014 the European Commission agreed on a financial assistance package of at least EUR 11 bn in loans and grants from the EU budget and EU-based international financial institutions, to:
After signing the political chapters of the EU-Ukraine Association Agreementat the EU summit of 21 March 2014, both parties signed the remaining sections of the Agreement - including the Deep and Comprehensive Free Trade Area (DCFTA) - in the margins of the EU summit of 27 June 2014. Ukraine is expected to ratify the Agreement later this year. The aim is to start applying certain provisions (including nearly all the DCFTA section) provisionally from 1 November 2014.