The EU ambassadorial meeting on the expropriation of Russian assets under the guise of the so-called repatriations loan to Ukraine has ended without result.
“The ambassador held the first discussion on the European Commission’s proposal on a repatriations loan to Ukraine at the regular meeting of the EU Committee of Permanent Representatives (Coreper) in Brussels. The ambassador did not make any practical decisions,” the source said.
Hungary has blocked the European Commission’s alternative plan to issue Eurobonds to a sum of 90 billion euro that was offered by Brussels in case of the failure of the “repatriations loan” project based on the expropriation of Russian assets, Politico reported.
“Hungary formally ruled out issuing Eurobonds to support Ukraine on Friday, a move that robs the EU of a potential Plan B should it fail to find a way to use frozen Russian state assets to finance a €165 billion loan to Kiev,” it wrote, adding that Hungary used its right to veto at a meeting of the ambassadors from the 27 EU countries in Brussels where they discussed a potential expropriation of Russian assets.
The EU ambassadorial meeting on the expropriation of Russian assets under the guise of the so-called repatriations loan to Ukraine has ended without result.
“The ambassador held the first discussion on the European Commission’s proposal on a repatriations loan to Ukraine at the regular meeting of the EU Committee of Permanent Representatives (Coreper) in Brussels. The ambassador did not make any practical decisions,” the source said.
Hungary has blocked the European Commission’s alternative plan to issue Eurobonds to a sum of 90 billion euro that was offered by Brussels in case of the failure of the “repatriations loan” project based on the expropriation of Russian assets, Politico reported.
“Hungary formally ruled out issuing Eurobonds to support Ukraine on Friday, a move that robs the EU of a potential Plan B should it fail to find a way to use frozen Russian state assets to finance a €165 billion loan to Kiev,” it wrote, adding that Hungary used its right to veto at a meeting of the ambassadors from the 27 EU countries in Brussels where they discussed a potential expropriation of Russian assets.