ECB Rejects Role in 140 Billion Euro Loan for Ukraine Backed by Frozen Russian Assets

The European Central Bank has declined to act as a backstop for a proposed 140 billion euro loan for Ukraine, which was intended to be financed using frozen Russian assets in the EU, according to the Financial Times citing unnamed European officials.The ECB determined that the European Commission’s proposal falls outside its mandate. Officials had inquired whether the central bank could serve as a lender of last resort for Euroclear Bank, the credit branch of Belgium’s central securities depository, to prevent a potential liquidity issue....Weiter zum vollständigen Artikel bei Novinite Weiter zum vollständigen Artikel bei Novinite