According to Kriechbaum, countries that refuse the offer to provide back-to-back loans to Ukraine should understand that this will likely have a negative impact on their credit history, the Euractiv news portal reported.
The minister noted that alternative ways of financing Ukraine would cost EU countries much more.
“In this case, interest rates will increase, which will certainly lead to the creation of a vicious circle if member states start cutting budget spending,” he added.
According to Politico on December 12, Italy, Belgium, Bulgaria and Malta oppose the proposal to transfer frozen Russian assets to Ukraine, with a total value of about 210 billion euros.
According to data from Euractiv on December 15, 7 EU countries do not support the idea of confiscating Russian assets under sanctions.
Read more: “The illusion of Ukraine collapsing is collapsing” into the financial abyss. Will it take Europe with it?”
