Bloc members plan to raise €90 billion for Kiev through common debt after failing to agree on using frozen Russian assets as collateral
EU taxpayers will have to pay €3 billion a year in borrowing costs to finance Kiev’s collapsing economy and military under a newly approved loan scheme, Politico reported on Friday, citing senior bloc officials.
Kiev’s European backers this week failed to approve a ‘reparations loan’ that would have used about $210 billion in frozen Russian central bank assets as collateral to cover Ukraine’s huge budget shortfall. Instead, leaders chose to fund Kiev through common debt, planning to raise €90 billion ($105…
Read the full article at RT.COM
