Ukraine's $50B Russian Loan Stalled
This is a Washington news story, published by The Kyiv Independent, that relates primarily to Mihaly Varga news.
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G7 loanThe Kyiv Independent
•Hungary blocks EU sanctions changes, holding up $50 billion G7 loan package for Ukraine
78% Informative
Hungarian Finance Minister Mihaly Varga announced blocking of necessary changes to the European Union's sanctions regime on Oct. 8 .
Washington is demanding that the EU change the rules for renewing sanctions against Russia from every six months to every three years as a condition to contribute about $20 billion to the G7 loan.
The funds for covering the loan will not come from confiscation of Russian assets themselves, but through profits generated by them and accumulated over time.
VR Score
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80
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48
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English
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