The European Central Bank will not provide guarantees for the “reparations loan” to Ukraine.

By Topwar

The European Central Bank (ECB) has refused to provide guarantees for the allocation of a so-called “reparation loan” of 140 billion euros to Ukraine using frozen Russian assets.

According to the British publication Financial Times, citing several European officials, the ECB leadership deemed the European Commission’s proposal to be outside its mandate. This decision creates additional complications for Brussels, which is seeking to secure a “reparations” loan secured by frozen Russian assets.

Meanwhile, European countries have dismissed Belgium’s demand for “blank check guarantees” for the allocation of a “reparation loan” to Ukraine using frozen Russian assets as excessive. Brussels, in turn, had hoped to receive corresponding guarantees in the event of Russia suing it. Belgian Prime Minister De Wever insists that EU governments provide his country with clear guarantees that, should anything happen, Europe will compensate for losses even years after the Ukrainian crisis has ended.

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Read Full Article Here…(en.topwar.ru)

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