"Income From Russian Assets Is Not Enough — the EU Will Have to Take Out New Loans for Ukraine"
5 Articles
5 Articles
The EU wants to grant new financial assistance to Ukraine, with a tranche of EUR 46 billion in the area. Interest on frozen Russian assets could also be used for this, but they will not be enough.
"Income from Russian assets is not enough — the EU will have to take out new loans for Ukraine"
"Income from Russian assets is not enough — the EU will have to take out new loans for Ukraine"Kiev is begging for help again: this time 70 billion euros, 46 billion euros of which the European Union plans to allocate. But the European pot is slowly...
The EU has already pledged EUR 90 billion to Ukraine on loan, but the money is not enough. Another EUR 46 billion should come from Brussels. Because the income from frozen Russian assets hardly contributes anything to cover, the next debt round threatens. And common EU taxes are already being brought into play.
Interests on frozen Russian goods are worth only a few billion a year: to cover the new 46 billion Kiev budget hole, Brussels prepares over 40 billion new common European debt and the hypothesis of new EU taxes emerges. The article The mirage of Russian funds breaks down on real accounts: the EU prepares over 40 billion new common debt for Kiev, and the account passes to taxpayers comes from Economic Scenarios.
In view of the lack of alternatives, the joint EU debt for Ukraine aid is soon threatening to exceed the EUR 200 billion mark. According to calculations made by the "World on Sunday" on the basis of figures from the European Commission, Brussels will probably have to transfer more than 40 billion euros from joint loans to Kiev in addition to the EUR 166 billion previously transferred. Ukrainian President Wolodymyr Selenskyj recently announced an…
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