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MNI BRIEF: EU To Tap Unused NGEU Loans For Energy Projects

(MNI) Brussels

Unused loans available under the NextGenerationEU programme could be redirected in response to the war in Ukraine.

The European Commission will soon provide guidance on how EU states can rapidly access more than EUR200 billion in unused loans under the NextGenerationEU programme to meet “new challenges” arising from the Ukraine invasion, a Commission spokesperson told MNI.

“Given the current situation, the challenges are changing and are becoming ever more pressing,” the spokesperson said. “In light of this, some member states might indeed face the need for additional investments to diversify their energy supply and become more resilient.”

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The European Commission will soon provide guidance on how EU states can rapidly access more than EUR200 billion in unused loans under the NextGenerationEU programme to meet “new challenges” arising from the Ukraine invasion, a Commission spokesperson told MNI.

“Given the current situation, the challenges are changing and are becoming ever more pressing,” the spokesperson said. “In light of this, some member states might indeed face the need for additional investments to diversify their energy supply and become more resilient.”

Keep reading...Show less