EU Ought to Faucet €80 Billion Rescue Fund to Assist Ukraine, Rehn Says

The European Union ought to put together to faucet a little-used €80 billion ($88 billion) rescue fund to help Ukraine’s battle towards Russia because the movement of cash from each side of the Atlantic threatens to dry up, based on Finland’s Olli Rehn.

Arrange on the Finnish central banker’s watch to supply loans to distressed euro-area international locations when he was EU financial affairs commissioner, the European Stability Mechanism might be on the middle of a multi-year “Plan B” to help Kyiv, he mentioned.