The EU has offered another 1.6 billion euros to cash-strapped Ukraine contingent upon the country’s compliance with economic and financial policies agreed to by the Ukraine and the EU. Compliance with the IMF is also required

The EU’s 28 members and the European Parliament must approve the loan.

Distribution of monies could ake until 2016 and reform activities will be measured all along the way.

The IMF is also negotiating terms of future loans.

Putin is in no position to offer at this time.