"Income From Russian Assets Is Not Enough — the EU Will Have to Take Out New Loans for Ukraine"
14 Articles
14 Articles
The EU loan planned for two years for Ukraine will not be enough, Kyiv is asking the Europeans for an additional 70 billion. The European Commission is looking for money, but expects a third from foreign partners. The main likely source is a new loan. Analysts say this is the easiest way, especially now, when European countries are solving their own financial problems.
The EU ' s total debt to Ukraine may exceed 200 billion Brussels, and it is likely that new joint loans over 40 billion will have to be attracted.
The European Union will need to attract more than 40 billion euros of new joint loans to finance Ukraine because of the lack of income from frozen Russian assets. The EU intends to provide Kiev with a new tranche of 46 billion euros, but the revenues from frozen Russian assets will not be sufficient to do so; it transfers RIA News with reference to the newspaper Welt am Sonntag. "Support to Ukraine is only acceptable if it does not result in a r…
The European Union will probably have to take on new common debt to finance the planned aid to Ukraine. A tranche of 46 billion euros is currently being discussed, but the interest income on frozen Russian assets will not be enough to cover the amount. Calculations cited by WELT show that the EU has so far transferred 166 billion euros to Ukraine through common loans. If Brussels provides an additional 40 billion euros, the total amount of Europ…
"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.
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