EU has no idea who will pay for €90 bn Ukraine loan – MEP

Member states approved the interest-free scheme earlier this year to prop up Kiev in 2026 and 2027 The EU is pumping €90 billion ($105 billion) into Ukraine without knowing how the burden of the interest-free loan will be distributed among member states, German MEP Fabio De Masi told the Berliner Zeitung, warning that the money will enrich “corrupt oligarchs” in Ukraine.Member states gave the green light to the scheme in April, with Hungary, the Czech Republic, and Slovakia securing exemptions.On Monday, German MEP Fabio De Masi, who co-chairs the Sahra Wagenknecht Alliance party, told the Berliner Zeitung that the “European Commission apparently doesn’t even know the extent to which EU member states will have to guarantee the Ukraine loan.” He cited the commission’s response to his inquiry, which said that a “breakdown [of the financial burden] by member state” could not be provided.De Masi said the funds, which are being backed by joint EU borrowing on the capital market, would end up enriching “corrupt oligarchs” in Ukraine. “One wonders how the German government and parliament could have waved through this bottomless pit of debt without a thorough assessment of the consequences...