Skip to content
Edit post

Bloomberg: European Commission’s budget unit blocks 1.5 billion euro loan for Ukraine as ‘caution prevails over Ukraine’s urgent needs’

by The Kyiv Independent news desk July 7, 2022 10:58 PM 1 min read
This audio is created with AI assistance

According to Bloomberg, the European Investment Bank, which is the “EU’s lending arm,” offered Ukraine a loan to “support the war-torn nation as it faces mounting war costs and revenues collapse.” The proposed loan, however, was blocked by the European Commission’s budget unit “because of concerns over its financial reliability,” Bloomberg reported on July 7 citing anonymous officials.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
2:48 PM

Polish border protests threaten Ukraine-Poland relations

The Kyiv Independent visited the Shehyni-Medyka border crossing at the Polish-Ukrainian border on Feb. 14 where hundreds of trucks are unable to enter Ukraine as protestors block the border. With no end to the dispute in sight, Polish-Ukrainian relations are at risk of fraying.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.