The EU intends to tap the frozen reserves if Kiev fails to repay a new €90 billion loan
The European Commission has formally presented a €90 billion ($105 billion) EU taxpayer-funded loan package for Kiev, insisting that its original idea to eventually use frozen Russian assets for the purpose remains on the table.
Kiev’s Western backers froze $300 billion in Russian central bank assets after the escalation of the Ukraine conflict in 2022. The majority is held at the Belgian-based depository Euroclear.
Last month, the EU failed to agree on using the funds as collateral for a ‘reparations loan’ for Ukraine. As a compromise, the bloc decided to…
Read the full article at RT.COM
