logo_headerTuesday, September 27, 2022

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

This item is part of our running news digest

July 7, 2022 10:58 pmby The Kyiv Independent news desk
Share:

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.

externalGo to the source of this newsSEE OUR NEWS DIGEST
The Kyiv Independent news desk
Author:  The Kyiv Independent news desk
Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.