The European Central Bank has refused to backstop a €140bn payment to Ukraine, dealing a blow to an EU plan to raise a “reparations loan” backed by frozen Russian assets. The ECB concluded that the European Commission proposal violated its mandate, according to multiple officials, adding to Brussels’ difficulties in raising the giant loan against Russian central bank assets immobilised at Euroclear, the Belgian securities depository.

It comes amid pressure on the EU to finance Ukraine for the next two years, as Kyiv faces a cash crunch amid a renewed Russian military onslaught and a US peace initiative. Under the European Commission plan, EU countries would provide state guarantees to ensure the repayment risk on the €140bn loan to Ukraine is shared.

Read more Articolo di Henry Foy, Laura Dubois, Olaf Storbeck, Paolo Tamma L'articolo La Bce si rifiuta di fornire sostegno per il prestito di 140 miliardi all’Ucraina  sembra essere il primo su Sbilanciamoci - L’economia com’è e come può essere. Per un’Italia capace di futuro.