US EditionEU Runs Out of MONEY TO FUND Ukraine: Brussels Admits No Backup Plan
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Over the past few months, officials of the European Union have focused on a plan for the use of frozen Russian assets to offer Ukraine a loan that could help Kiev carry out the next phase of the war.
EU Runs Out of MONEY TO FUND Ukraine: Brussels Admits No Backup Plan
The European Union is confronting a serious financial dilemma in its support for Ukraine, with officials warning that Kyiv could face a funding shortfall as early as spring if the bloc fails to unlock new resources, The New York Times has reported. The situation has raised concerns about the EU’s ability to sustain Ukraine’s war […] The post EU Runs Out of MONEY TO FUND Ukraine: Brussels Admits No Backup Plan appeared first on TFIGlobal.
For several months, European Union officials focused on the plan to use frozen Russian assets to provide Ukraine with a loan that could help Kiev to lead the next phase of the war, and it became increasingly clear that if the plan failed, the EU would have nothing but bad alternatives, notes Jenna Smialek, head of the Brussels Bureau of The New York Times, a loan plan under which the European Union would have to use the assets of the Russian Cen…
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