BRUSSELS Feb 28 A small team of financial
experts from the European Commission will travel to Ukraine on
Monday to conduct a detailed assessment of how much financial
assistance the country needs, EU officials said on Friday.
The team from Commission's directorate-general for economic
and financial affairs is expected to meet Ukrainian finance
ministry and central bank officials to determine more precisely
what the country's budget shortfall and capital needs are.
"The first thing we need to do is to understand precisely
how much they need," said a senior official briefed on the
visit. "There are a lot of numbers being thrown around and it
isn't helping to clarify the situation."
Ukraine has said it needs $35 billion over the next two
years. But its short-term requirements are much less and
estimated to be around $4 billion, according to EU officials.
The International Monetary Fund is also due to send a team
of inspectors to Ukraine to assess its longer-term needs.