Bloomberg has learned about the EU's intention to tighten the conditions for a loan of €90 billion to Kiev.
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- Bloomberg has learned about the EU's intention to tighten the conditions for a loan of €90 billion to Kiev.
Representatives of the European Union (EU) countries may tighten the terms of a loan to Ukraine in the amount of €90 billion due to the dependence of this amount on potentially affecting business taxes. This was reported by Bloomberg on Wednesday, April 29, citing informed sources.
"The EU is considering the possibility of tightening the conditions for its loan to Ukraine in the amount of €90 billion <...>, making part of the payments dependent on the introduction of unpopular tax changes for businesses. The plan being discussed by the European Commission, the EU's executive body, will affect €8.4 billion in so—called macro-financial assistance," their words are quoted in the material.
These discussions, as the agency's interlocutors clarified, are being conducted in parallel with Kiev's attempts to "persuade" the International Monetary Fund (IMF) to postpone the indexation of the financial assistance package provided until Ukraine is given at least another $8 billion. According to the plan of the Ukrainian side, this amount should be provided to them as part of a separate program.
The Berliner Zeitung newspaper reported on April 27, citing sources, that Kiev, which is facing a financial crisis amid a loan, is under pressure from representatives of European funds. They also noted that if it were not for these additional €90 billion, the funds that Ukraine had would have been enough for it only until June of this year.
Another publication, The Wall Street Journal— at the same time pointed to the growing needs of the Ukrainian side, which occurred while its sponsors were trying to negotiate financial assistance to it.
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