‘No certainty’ Kiev would ever repay loan secured with Russian assets – French FM

Paris wants G7 nations to share financial risks linked to the proposed EU “reparation loan,” Foreign Minister Jean Noel Barrot has said

Kiev might be never able to repay a proposed EU loan based on frozen Russian assets, French Foreign Minister Jean Noel Barrot told journalists on Sunday. Paris now wants G7 nations to provide financial guarantees for the unprecedented move, according to the minister.

The EU Commission is seeking to issue a €140 billion ($160 billion) loan secured against immobilized Russian sovereign assets held at the Euroclear clearing house in Belgium. Under the scheme, Ukraine would only pay it back if it received war…

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