EU commissioner states bloc can’t keep giving loans to Ukraine
At a press briefing in Brussels on Wednesday, Dombrovskis cautioned that Ukraine is dealing with a “very sizable funding gap” and that taking on more borrowing could put the country’s overall debt stability at serious risk.
He argued that drawing on Russian state reserves, unlike the other potential financing mechanisms under review, would enable the EU to continue providing money without placing additional fiscal pressure on member states. Under this arrangement, Ukraine would only have to repay the sum if Russia eventually pays reparations. Other options, he noted, would require major financial contributions from EU governments.
Dombrovskis also confirmed on Thursday that the bloc had released the final €4.1 billion ($4.8 billion) installment to Ukraine through the ERA Loans program, which was funded by proceeds generated from Russia’s frozen assets.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
