The United Kingdom's Foreign Secretary William Hague expressed Monday his concern about Ukraine's finances and announced that he is planning to visit Ukraine's capital Kiev.
Speaking at the House of Commons, Hague said Ukraine's financial situation is very "serious" and may require outside assistance to be managed.
The EU announced earlier that it is ready to provide a €20 billion financial aid package to Kiev after a new cabinet is formed.
"An economic crisis in the Ukraine will be a grave threat to the country's stability and have damaging wider consequences," said Hague.
"Ukraine now has a pressing need for constitutional reform, improvements to its political culture, free elections, an end to pervasive corruption, and the building of a stable political structure."
Hague said he discussed the issue of supporting Ukraine's new government financially and in preventing further violence with Germany, Poland and Russia's foreign ministers.
He added that he will be travelling to Washington D.C. on Monday to discuss financial support with U.S. Secretary of State John Kerry.
"Such support could be provided quickly once requested by the new government. It requires a stable and legitimate government to be in place and a commitment to the reforms necessary to produce economic stability," said Hague. "International financial support cannot be provided without conditions and clarity that it will be put to proper use."
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