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February 03, 2014 AT 4:53 AM
EU foreign policy chief Catherine Ashton was quoted on Sunday as saying the European Union and the United States are working on a plan for significant short-term financial assistance for Ukraine. Ashton said in an interview with The Wall Street Journal that the package would be aimed at helping Ukraine get through a transition period during which a broad-based interim government could approve political and economic reforms and prepare for presidential elections, currently due next year. The paper quoted Ashton as saying the EU and the United States are "developing a plan - a Ukrainian Plan, I have suggested they call it - that looks at what we need to do in different parts of the economy right now to make things better."