Belgium Blocks EU Loan, Jeopardizing Ukraine’s IMF Funding - Novinite.com - Sofia News Agency

EU may have to fund Ukraine until frozen assets plan approved, says economy czar

The EU economy chief said the legal risks Belgium fears from frozen assets plan are “contained.”

Belgium Blocks EU Loan, Jeopardizing Ukraine’s IMF Funding - Novinite.com - Sofia News Agency

Belgium’s refusal to back the European Union’s proposed multibillion-euro loan to Ukraine may risk the continuation of International Monetary Fund (IMF) assistance, EU officials warn, raising concerns about Kyiv’s economic stability. The EU plan, known as the 140 billion euros “reparations loan,” would use frozen Russian state assets held within member states, with a substantial portion in Belgium, as collateral. Supporters of the initiative emp…

IMF aid to Ukraine at risk as the EU delays the reparations loan.

The European Union fears that the International Monetary Fund may not provide a loan to Ukraine under a new program if Belgium does not agree to support the EU’s €140B reparations loan. This, in turn, could lead to a “cascading loss of confidence” in Ukraine’s economic stability, which continues to struggle with the consequences of the full-scale Russian invasion. European supporters of the reparations loan emphasize that IMF support is critical…

EU officials fear IMF could pull plug on Ukraine – Politico

Belgium has refused to back the bloc’s “reparations” plan to leverage frozen Russian sovereign funds for Kiev, citing legal risks© Getty Images / KeVeREU officials reportedly fear that a refusal by the IMF to further back Ukraine could trigger a “cascading loss of confidence in the country's economic viability,” Politico has reported, citing sources in the bloc.The EU could have to provide Russian sovereign funds frozen in Belgium as...