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. Last Updated: 07/27/2016

EU Delays Loan to Kiev

BRUSSELS -- European Union finance ministers have failed to agree on a $107 million loan for Ukraine, but left open the possibility of approving it later.


Ministers of the dozen EU nations said Monday that the assistance, amounting to 85 million European currency units, should be part of a broader strategy for helping new democracies.


"We do want to help Ukraine, but there are differences of opinion," said Haller, German state secretary in the Finance Ministry.


Henning Christophersen, the EU's economics chief, said the loan would be part of a package the United States and other industrialized nations are trying to fashion. "It would be rather odd for the European Union now to say no," he told reporters.