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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