EU and Ukrainian flags on the European Parliament building in Brussels, Belgium. Archive photoMOSCOW, 7 Jul. The European Commission has decided to block a €1.5 billion loan to Kyiv over concerns about its financial soundness, Bloomberg writes. financing, rather than the standard nine percent for loans outside the EU. Such conditions are put forward because of the fears of the authority that Kyiv will not be able to repay the debt. balance of power in the EUThe representative of the European Commission said that the EU needs to be convinced of the ability to cover losses in the event of a default in Ukraine. He added that the Commission is now looking for alternatives, thanks to which it would be possible to share part of the risks associated with the allocation of a loan to Kiev. According to the agency, the previously allocated loan in the amount of one billion euros also provided for the provision of increased reserves. Russia has been conducting a military special operation since February 24 for the denazification and demilitarization of Ukraine. Vladimir Putin called its task «the protection of people who have been subjected to bullying and genocide by the Kyiv regime for eight years.» According to the President, the ultimate goal of the operation is the liberation of Donbass and the creation of conditions guaranteeing the security of Russia itself.
