EU states won’t be directly involved in $50 billion loan for Ukraine, Italian PM says

EU members will not be for now directly involved in a $50 billion loan for Ukraine, as they will instead focus on developing the guarantee mechanism, Italian Prime Minister Giorgia Meloni said on June 15.

The loan, which was announced during a G7 summit on June 13 with the pledge to deliver it to Ukraine by the end of the year, is backed by revenues from frozen Russian assets.

“The loan of about $50 billion has already been…