EU audit chamber warns of Ukraine cash crisis ...News

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EU audit chamber warns of Ukraine cash crisis
Propping up Kiev has increased the bloc’s exposure to financial losses, the European Court of Auditors reported The EU’s financial watchdog has warned that Ukraine may not be able to repay its loans, potentially adding tens of billions of euros to the bloc’s debt. After lending Kiev €34 billion last year, the EU is offering it another €50 billion in grants and loans. In a report on the EU’s 2022 budget published on Thursday, the European Court of Auditors noted that the bloc’s exposure to future financial losses increased from €204.9 billion ($216.8 billion) in 2021 to €248.3 billion ($262.8 billion) by the end of

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