Britain asks the G7 to cut the price cap on Russian oil. The UK has urged its G7 allies to lower the price ceiling for Russian oil to further pressure Vladimir Putin to end the war in Ukraine. This issue was a priority for discussion at the G7 finance minis... #G7 #KajaKallas #OPEC #RussianEconomy #RussianOilPriceLimit #SanctionsAgainstRussia
The G7 finance ministers have agreed to continue supporting Ukraine in its fight against Russia, stated German Finance Minister Lars Klingbeil on the sidelines of the G7 meeting in Canada. It was previously reported that the US opposes including “further support” for Ukraine in the G7... #Canada #FrançoisPhilippeChampagne #G7 #Germany #LarsKlingbeil #SerhiyMarchenko #SupportUkraine
The EU plans to propose reducing the price cap on Russian oil to the G7 nations as part of its 18th sanctions package. European Commissioner for Economic Affairs Valdis Dombrovskis did not specify the proposed reduction, but may suggest lowering the cap from the current $60 to $50 per barrel. Dombrovskis intends to fo... #ElinaValtonen #G7 #NordStream #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia #ValdisDombrovskis
Ukraine will establish a $10.1B ‘rainy day fund’, using ERA money. Ukraine plans to allocate the external financing received from G7 countries through the ERA mechanism, funded by frozen Russian assets, into three parts. One portion will be designated for financing t... #ERAmechanism #G7 #RainyDayFund #RussianAssetsProfits #UkraineBudget2025
The G7 and Ukraine’s other allies vow to intensify sanctions pressure on Russia if it refuses to agree to a ceasefire. The G7 countries have warned Russia of new sanctions if it does not halt hostilities with Ukraine. The G7 is preparing a statement that will stress the importance of reliable “security measures&... #CeasefirePlan #G7 #KeirStarmer #SanctionsAgainstRussia #SecurityGuaranteesForUkraine #WładysławKosiniakKamysz
How much aid have Ukraine’s allies promised since the start of the year? The EU and 11 other countries have announced military, financial, and humanitarian support packages for Ukraine since the beginning of the year. Here are new packages and previously announced support:... #Canada #F16 #G7 #GreatBritain #JoeBiden #MilitaryAid #Spain #SupportUkraine #Sweden #Switzerland
Washington and Kyiv are nearing the conclusion of a minerals deal in which the US will keep Ukraine “free, sovereign, and secure.” Reports on the latest mineral agreement draft indicate that the Trump administration views the agreement as a means to profit from American investment in Ukraine, which possesses vast untapped mineral... #CriticalMetals #DonaldTrump #G7 #MineralAgreement #ukrainiannaturalresources #Zelenskyy
Britain announces its largest sanctions package against Russia; the G7 backs off of strengthening a price ceiling for Russian oil. British Foreign Secretary David Lammy said that today the UK will announce a new package of sanctions against Russia. As he specified, this is the largest package of sanctions the UK has produced sinc... #DavidLammy #G7 #GreatBritain #RussianOilPriceLimit #SanctionsAgainstRussia #UNresolution
A sharp political turn: The US declines to identify Russia as an “aggressor” in G7 statements and refuses to co-author a UN resolution on Ukraine. The US opposes the use of the word “aggressor” for Russia and similar formulations that G7 leaders have used since 2022 in statements connected with the third anniversary of the invasion o... #DonaldTrump #G7 #RussianAggression #UNresolution #WarinUkraine #Zelenskyy
Euroclear is wary of the negative consequences of confiscating Russian assets. Confiscating frozen Russian assets could have unintended consequences that would hurt the international financial system, said Valerie Urben, Euroclear CEO, which holds most of Russia’s frozen a... #Euroclear #G7 #PeaceTalks #RussianAssetsArrested #ValerieUrben
The EU and G7 countries are continuing to help Russia to finance its war against Ukraine. In parallel with the introduction of new sanctions packages aimed at “weakening Russia’s capabilities to wage an aggressive, aggressive war,” contradictory actions partially offset t... #DanyloHetmantsev #ForeignCompaniesInRussia #G7 #RussianEconomy #WarinUkraine
Six European countries have called on the G7 to lower the Russian oil price ceiling. Six EU countries have called on the European Commission to lower the price ceiling for Russian oil that has been set by the G7 countries. Measures aimed at reducing oil export revenues are crucial bec... #G7 #McFaulYermak #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia
Ukraine receives the first tranche of EU funds from frozen Russian assets. Ukraine received €3B from the EU as part of the ERA initiative, the first tranche of EU funds provided by revenue from frozen Russian assets. Ukraine will direct this to priority budget expenditures. ... #DroneProduction #G7 #Italy #RussianAssetsProfits #SupportUkraine #Zelenskyy
The EU and the US are channeling billions from Russian asset proceeds to help Ukraine. The European Commission has announced macro-financial assistance to Ukraine through a loan of €18.1B, which will be paid in equal installments throughout 2025 with the first tranche expected in Januar... #G7 #LoanForUkraine #RussianAssetsProfits #UkraineFacility #worldbank
What is Europe afraid of in the negotiations over Ukraine’s future? Donald Trump’s return to the White House is now the primary issue for senior officials in European capitals. Their biggest concern is what will happen to Ukraine, Eurasia Group noted. The EU has... #DonaldTrump #EuropeanIntegration #financialaidforUkraine #G7 #RussianUkrainianNegotiations #SupportUkraine
Ukraine will be able to confront Russia without US assistance during the first half of 2025. However, the likely termination of US aid to Ukraine could become a serious challenge, so Ukraine needs a plan for cooperation with the new US administration, said Minister of Finance Serhiy Marchenko... #G7 #LoanForUkraine #MilitaryAidforUkraine #SerhiyMarchenko #UkraineBudget2025 #WarinUkraine
Ukraine has approved the terms to receive a 40-year $20B loan secured by frozen Russian assets. The Cabinet of Ministers has approved the terms of receiving a 40-year loan of up to $20B from the American Federal Financing Bank (FFB). This is part of the previously agreed upon G7 initiative to pr... #FFB #G7 #LoanForUkraine #RussianAssetsProfits #USAID #worldbank
The EU is ready to fill in for the US if it withdraws from its $50B G7 loan agreement. The European Union is prepared to financially compensate for the potential loss of the US’ contribution in the G7 agreement to provide Ukraine with a $50B loan. Politico quotes Polish Deputy Fin... #DonaldTrump #G7 #LoanForUkraine #PawelKarbownik #RussianAssetsProfits
Ukraine will receive up to €35B from the EU as part of the $50B G7 loan secured by frozen Russian assets. Ukrainian Finance Minister Serhiy Marchenko signed a memorandum and a loan agreement with the EU to receive up to €35B in macro-financial assistance (MFA). These funds are part of the G7 initiative to... #G7 #LoanForUkraine #RussianAssetsProfits #SerhiyMarchenko
Ukraine will not have to repay the $50B G7 loan until it receives reparations from the Russian Federation. Ukrainian parliament members approved amendments to the Budget Code, which introduced a new concept in the budgetary sphere – conditional debt obligations. This establishes a special status for funds ... #G7 #LoanForUkraine #ReparationsForUkraine #RoksolanaPidlasa #RussianAssetsProfits #SerhiyMarchenko #VerkhovnaRada
The Rome Conference on the Reconstruction of Ukraine will focus on four areas. These are the private sector’s involvement, the regional dimension, European integration, and human capital development, said the Italian Ambassador to Ukraine Carlo Formosa. According to him, I... #CarloFormosa #EuropeanIntegration #G7 #ReformsinUkraine #RomeConference #UkraineReconstruction
The US promises to provide Ukraine with everything it needs to fight Russia in 2025; the G7 works to finalize its $50B loan. US Secretary of State Antony Blinken said that the G7 countries and their partners are determined to provide Ukraine with everything it needs to successfully conduct military operations in 2025 or hol... #AnthonyBlinken #G7 #LoanForUkraine #RussianAssetsProfits #SupportUkraine
What financial support have international partners promised Ukraine in the coming years, and will this be enough to repel Russian aggression? The agreements already concluded by Ukraine with its allies give grounds for optimistic expectations regarding the external financing deficit in 2025 being covered, analysts noted. In 2025, the Ukrain... #financialaidforUkraine #G7 #IBRD #imf #UkraineBudget2025 #UkraineBudgetDeficit #UkraineFacility
The G7 countries plan to increase pressure on China over its support for Russia. G7 foreign ministers, meeting in Italy on Monday and Tuesday, will pledge to act against entities in China and elsewhere that support Russia’s war machine against Ukraine. A draft communiqué seen by B... #China #DualUseGoods #G7 #NorthKorea #Sanctions #ShadowFleetRussia #WarinUkraine
The G7 will continue to support Ukraine’s resistance to Russian aggression, and the Pentagon will speed up weapons delivery. The G7 countries will continue to provide Ukraine with the necessary assistance and support to protect it from Russian aggression for as long as necessary, the G7 leaders said in a statement. “W... #G7 #JoeBiden #MilitaryAidforUkraine #PDA #Pentagon #SabrinaSingh #SupportUkraine #WarinUkraine
The NBU has improved its forecast for Ukraine’s international aid for the coming years. According to the NBU, Ukraine is expected to receive about $42B in international financing for 2024, $38B in 2025, and $25B in 2026. By the end of 2024, Ukraine will receive $4.8B under the SPUR progr... #financialaidforUkraine #G7 #nbu #SupportUkraine #UkraineBudget #worldbank
Ukraine plans to reserve part of the $50B G7 loan for its financial needs after 2025. The G7 initiative for Ukraine that will provide $50B secured by revenues from frozen Russian assets eliminates the state budget deficit for 2025. However, the government plans to keep part of these fu... #DenysShmyhal #G7 #imf #LoanForUkraine #RussianAssetsProfits #UkraineBudget #UkraineFacility
After Trump’s victory, Europe is preparing to ensure its security independently and will work with Washington to maintain support for Ukraine. The EU must be united and closely coordinate its actions with Donald Trump’s imminent return to the White House, French President Emmanuel Macron and German Chancellor Olaf Scholz said. They con... #DonaldTrump #EmmanuelMacron #EUdefense #G7 #OlafScholz #VictorOrban
The West is changing its position toward confiscation of frozen Russian assets. “If earlier the West spoke very cautiously about the possibility of using these assets, now we hear the statements of the G7 that these assets will remain immobilized. This is a ‘break in ... #AndriiPyshnyi #G7 #LoanForUkraine #nbu #RussianAssetsArrested #SanctionsAgainstRussia
The US wants additional guarantees regarding its share of the G7’s loan to Ukraine. The US wants to receive an additional premium on its share of Ukraine’s €45B loan to compensate for the sanctions-related risks that this agreement carries, wrote Politico. The premium being neg... #G7 #HungaryVeto #LoansForUkraine #RussianAssetsArrested #RussianAssetsProfits #SanctionsAgainstRussia
Ukraine expects to receive another $15B from its partners by the end of 2024. The Ministry of Finance of Ukraine expects to receive more than $15B in foreign aid in the last two months of 2024. During October 21-26, the ministry’s team led by Minister Serhii Marchenko hel... #financialaidforUkraine #G7 #imf #IMFtranche #LoanForUkraine #RussianAssetsProfits #SerhiyMarchenko
Ukraine will receive the first funds from the G7 $50B loan in December; Ukraine’s goal is to confiscate all frozen Russian assets. The leaders of the G7 countries have reached a consensus on providing about $50B in loans to Ukraine, secured by revenues from frozen Russian sovereign assets. In a communique published by world finan... #G7 #LoanForUkraine #OksanaMarkarova #RussianAssetsArrested #RussianAssetsProfits #worldbank
Scholz said the G7 is finalizing work on allocating a $50B loan to Ukraine; the US has confirmed this information. German Chancellor Olaf Scholz said that completing the work to provide the $50B loan agreed upon by the G7 countries is a clear signal to Putin regarding his long-term support for Ukraine. In turn, US... #ChristianLindner #G7 #JanetYellen #LoanForUkraine #OlafScholz #RussianAssetsArrested #RussianAssetsProfits
Ukraine will receive a $3B loan from Britain and €35B from the EU secured by frozen Russian assets. Ukraine will receive a loan from the UK for £2.26B ($2.93B), secured by profits from the frozen assets of the Russian Federation. The funds will become additional funding (up to £3B in military aid pe... #DenysShmyhal #G7 #GreatBritain #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits
The US agrees to provide almost $20B as part of the G7’s loan to Ukraine. According to FT, Western officials want to deliver funding to Kyiv by the end of the year, realizing that if Donald Trump wins the US elections in November, Washington’s aid to Ukraine is at ris... #G7 #imf #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #worldbank
The European Council insists on freezing Russian assets until the end of the war, but Orbán will not allow the sanctions regime to be adjusted. The conclusions of the European Council that were approved following a meeting with the participation of EU leaders on October 17 in Brussels emphasize the importance of fulfilling commitments to prov... #G7 #HungaryVeto #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #VictorOrban
The European Parliament will determine the fate of Ukraine’s €35B loan next week. The European Parliament’s Trade Committee, supported by an overwhelming majority of votes, to provide financial support to Ukraine through a €35B loan secured by the Russian frozen assets. ̶... #EuropeanParliament #G7 #LoanForUkraine #SupportUkraine
Orbán threatens to block the loan for Ukraine to help Trump win the election. Hungarian Prime Minister Viktor Orbán is threatening to block aid to Ukraine to assist Donald Trump in the US presidential race by scuttling the $50B loan proposed by Ukraine’s allies. This woul... #DonaldTrump #G7 #HungaryVeto #LoanForUkraine #USelections #VictorOrban
The World Bank will create a fund that will help the US, Canada, and Japan participate in financing the promised $50B G7 loan to Ukraine for. The creation of the Financial Intermediation Fund (FIF) to assist Ukraine was supported on October 10 by all members of the international financial organization, with the exception of Russia. The fund... #FIF #G7 #LoanForUkraine #RussianAssetsProfits #SupportUkraine #worldbank
The EU promises to provide Ukraine with a €35B loan by the end of the year and is looking for ways to circumvent Hungary’s veto. EU countries and the European Parliament need to quickly explore all legislative procedures so that Ukraine can receive a new €35B loan, which is the EU’s share of the G7’s proposed loan, ... #EuropeanPeaceFund #financialaidforUkraine #G7 #HungaryVeto #LoanForUkraine #MarošŠefčovič
The EC explains what the allocation of $50B to Ukraine depends on. In order to finalize a $50B loan for Ukraine, secured by frozen Russian assets, the EU and the G7 countries must make a political commitment to participate in this initiative at the end of October, sa... #G7 #LoanForUkraine #ULCM #ValdisDombrovskis
What is holding back the €35B EU loan for Ukraine? The European Commission’s initiative to provide Ukraine with a €35B loan, which will be repaid with income from frozen Russian assets, is not supported by some key EU countries. The loan is inte... #G7 #LoanForUkraine #RussianAssetsProfits #SupportUkraine
Dwindling funds from Ukraine’s partners endangers continued military aid. Military supplies for Ukraine for next year are in jeopardy due to some allies’ financial difficulties, and other countries are unwilling to increase their aid contributions. Ukraine is trying t... #G7 #LoanForUkraine #MilitaryAidforUkraine #RussianAssetsProfits #SupportUkraine #WarinUkraine
The G7+ leaders adopt a declaration on the rebuilding of Ukraine. The leaders of the G7 and more than 30 partner countries, as well as the EU, adopted a Joint Declaration to support Ukraine’s recovery and reconstruction, providing further military, economic, a... #G7 #ReparationsForUkraine #RussianAssetsProfits #SupportUkraine #UkraineRecovery #UkraineWarDamages
Ukraine’s allies have provided over $4B in energy support and call for more to be given. The G7 countries and other partners have raised more than $4B since the start of Russia’s full-scale invasion to restore Ukraine’s energy infrastructure, US Secretary of State Anthony Blin... #AnthonyBlinken #EnergySupportFund #energyukraine #G7 #KamalaHarris
The US and the EU cannot agree on the details to provide $50B to Ukraine; the plan’s success is logistically and politically unlikely. The NYT notes that officials from the US and the EU are trying to secure a $50B loan for Ukraine by the end of the year. A decision should be reached before the presidential elections in the US, which... #EuropeanUnion #G7 #HungaryVeto #LoanForUkraine #Sanctions #USelections #WhiteHouse
The EU will provide Ukraine with up to €40B in new loans by the end of the year, regardless of the US’ decision. The FT writes that unilateral actions are taking place against the background of Brussels’ concern that Hungary will prevent the bloc from providing the guarantees the US needs to participate in... #G7 #HungaryVeto #LoansForUkraine #RussianAssetsProfits
The EU is not in a rush to provide Ukraine with the $50B loan secured by Russian assets, though Kyiv desperately needs it. The EU has still not taken the necessary steps to fulfill the agreement with the G7 and provide Ukraine with about $50B, secured by revenues from the Russian Federation’s assets, by the end of the yea... #G7 #LoanForUkraine #ReparationsForUkraine #RussianAssets #RussianAssetsProfits
The EU will promote a plan to help Ukraine with Russian assets regardless of the US’ position. The EU will press forward with a commitment to secure aid for Ukraine from frozen Russian central bank assets regardless of issues raised by the US, said the head of EU diplomacy, Josep Borrell. ̶... #FrozenAssets #FundingUkraine #FundsForUkraine #G7
Ukraine seeks to receive a $50B loan from the G7 without any conditions and for any purpose. Ukraine aims to get all $300B in frozen Russian assets, Prime Minister of Ukraine Denys Shmyhal emphasized during the Ukraine 2024. Independence forum. He added that the first results of these efforts... #eu #G7 #LoanForUkraine
