The European Commission has blocked the issuance of a loan to Ukraine for 1.5 billion euros
The organization fears that Ukraine will not be able to cover the debt
About this writes the publication "Ukrainian Truth" with reference to Bloomberg.
The budgetary division of the European Commission blocked the allocation of a loan to Ukraine due to concerns about its financial reliability. Usually such loans are allocated by the European Investment Bank for operations outside the EU in the amount of not more than 9% of the total financing. This time the commission wants to allocate 70% of the total amount.
The Commission is now seeking alternative solutions to share some of the additional risk associated with these loans.
It is noted that the EU has already been forced to temporarily reduce the amount of emergency funding sent to Kyiv: last week's offer of a billion euros was suspended, after Germany blocked a larger package of almost 9 billion euros.
Artur Zayonts specialises in news from the frontline. A historian by education, Arthur has always sought to bring depth and context to his journalistic work.
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