06/07/24

Permalink EU looks at using its own budget as guarantee for huge loan to Ukraine

European Commission fears an alternative proposal put forward by U.S. is too risky for taxpayers. | The EU signaled it could massively scale up its financing of Ukraine by securing its own multibillion euro loan to fund the war-ravaged nation instead of relying on a broader U.S.-led initiative.  The European Commission is floating the idea of using future interest generated by the investment of Russian assets frozen in Europe to pay back a loan that would, crucially, use the might of the bloc's €1.2 trillion seven-year budget as collateral. This is similar to a joint proposal pushed by U.S. Treasury Secretary Janet Yellen, but would see the EU acting alone.

The EU wants to provide loans to Kyiv secured by its own budget (PolitNavigator.net)
The European sponsors of war in Ukraine (SCF)(InfoGraphic)
Les ministres de l’OTAN examinent la mise en œuvre d’un fonds de 100 milliards d’euros pour l’Ukraine (EurActiv)

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