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Ukraine loan agreement blocked in the EU

Brussels, Feb 3 (Prensa Latina) EU ambassadors today failed to reach a consensus on implementing a €90 billion credit facility for Ukraine, reports Le Soir newspaper.

Work for a compromise continues, said a European source.

According to the media, the package, approved in principle in December, still requires legislative endorsement by the European Parliament and the Council.

Local political analysts point out that the dilution reflects growing divisions and financial fatigue among member states, as well as concerns about the supervision of funds.

The lack of agreement questions Kiev timetable, which expected the first disbursement in April.

The bloc faces internal pressure to establish strict controls in response to reports of possible embezzlement.

abo/mem/amp

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