The G7 and the EU are working on restrictions for international banks that assist Russia. G7 countries and the EU are studying ways to increase pressure on banks from third countries that help the Russian Federation circumvent sanctions. Currently under discussion are restrictions aimed at... #circumventionOfSanctions #EuropeanBanks #G7 #RussianBanks #SanctionsAgainstRussia #SWIFT
The G7 supports the plan to use Russian assets for Ukraine’s future security, and the World Bank is ready to manage the loan. The G7 finance ministers at a meeting in Italy supported the US’ idea to provide Ukraine with a loan secured by profits from frozen Russian assets. The $50B loan will be repaid through the profits fro... #AjayBanga #G7 #Hungary #LoansForUkraine #RussianAssets #RussianCentralBank #worldbank
The NBU explains what the confiscation of Russian assets depends on and how much can be obtained from their profits in 10 years. The European Central Bank (ECB) cannot confiscate frozen Russian assets, said NBU head Andriy Pyshnyi. As he explained, confiscation requires a consolidated decision and a legal basis. “It is ab... #AndriiPyshnyi #ECB #G7 #nbu #RussianAssetsConfiscation #RussianAssetsProfits
France supports the US proposal for a $50B loan to Ukraine, and Germany is ready to transfer profits to Ukraine. The French government has given its support to the US government’s proposal to use frozen Russian assets, which increases the chances of reaching a preliminary agreement at the meeting of G7 finance m... #BrunoLeMaire #France #G7 #LoansForUkraine #ReparationsForUkraine #RussianAssetsArrested #RussianAssetsProfits
The G7 agrees on the details of providing Ukraine with a $50B loan secured by Russian assets. The G7 countries agree with the US’ plan to use frozen Russian assets. The move would provide Ukraine with up to $50B in financing and help protect it from political shifts on both sides of the Atlant... #G7 #JanetYellen #LoansForUkraine #ReparationsForUkraine #RussianAssetsArrested
Problems in Ukraine and uncertainty about future financial support from the US are pushing allies to squeeze the maximum out of Russian assets. The EU has taken a small step towards fulfilling its pledge to “make Russia pay” for the war in Ukraine, agreeing to use the proceeds from frozen Russian assets to provide Kyiv with about ... #G7 #JanetYellen #ReparationsForUkraine #RussianAssetsConfiscation #RussianAssetsProfits
Germany will support the US plan to provide Ukraine with $50B in aid secured by revenue from frozen Russian assets. Germany’s agreement could be a crucial step that moves Washington and its allies closer to receiving a major new aid package for Kyiv and secures US support regardless of the outcome of November... #G7 #Germany #RussianAssetsArrested #RussianAssetsProfits #SupportUkraine
The G7 will grant Ukraine a €30B loan secured by Russian assets. This week, the finance ministers of the G7 countries will discuss the legality of using €270B in frozen assets belonging to the Russian Federation as collateral to provide Ukraine with a €30B loan. Wa... #G7 #JanetYellen #LoansForUkraine #RussianAssetsArrested #RussianAssetsConfiscation
The G7 will support the EU’s use of profits from frozen Russian assets but still refuses their confiscation. G7 finance ministers will back an EU plan next week to use proceeds from frozen Russian assets to help Ukraine’s military efforts. The US proposed the outright confiscation of Russian assets, bu... #G7 #JanetYellen #ReparationsForUkraine #RussianAssetsConfiscation #RussianAssetsProfits
The G7, led by the US, is discussing giving Ukraine $50B secured by profits from the assets of the Russian Federation; there is no longer any talk of confiscation. The US is negotiating with its close partners to provide Ukraine with aid worth up to $50B, with the costs to be repaid with profits from sovereign Russian assets. The US insists on concluding an agre... #Euroclear #G7 #RussianAssetsConfiscation #RussianAssetsProfits #SupportUkraine
The US is considering a ban on Russian uranium but has temporarily allowed settlements in the energy sector with Russian banks. The Biden administration is considering banning the import of enriched uranium from Russia. Bloomberg writes that negotiations are ongoing, but no decisions have been made yet. Data from the US Depart... #G7 #RussianEnergyResources #RussianTrade #RussianUranium #SanctionsAgainstRussia
The G7 did not come to an agreement on the mechanism for transferring the Russian Federation’s frozen assets to Ukraine. At a meeting in Washington, finance ministers of the G7 countries could not agree on ways to use the Russian assets to support Ukraine, writes Reuters. After an inconclusive debate, the G7 ministers s... #AidforUkraine #G7 #ReparationsForUkraine #RussianAssetsArrested #RussianAssetsConfiscation
Western countries must spend $10T on defense to effectively deter dictatorial regimes. In 2024, defense spending by European NATO members will reach 2% of GDP ($470B) for the first time. However, to ensure effective defense and maintain its deterrence policy, NATO countries must increas... #DefenseBudgetNATO #EUdefense #G7 #MilitarySpending #NATO
The G7 reconfirms that Russian assets will remain frozen until the aggressor pays reparations to Ukraine. The G7 countries released a statement in which they noted: “We confirm that the sovereign assets of the Russian Federation in our jurisdictions will remain immobilized until the Russian Federati... #G7 #ReparationsForUkraine #RussianAssetsConfiscation #RussianCentralBank
The G7 countries pledge to support Ukraine and force Russia to pay for the war. Following the results of the Munich conference, the G7 countries published a joint statement. They emphasized that Russia’s war of aggression against Ukraine is a gross violation of the provisio... #G7 #MunichSecurityConference #RussainAgressor #SupportUkraine #WarinUkraine
Russia threatens the West with $288B in losses for blocking its assets. Russian propaganda media have calculated that Western companies may lose $288B in response to the confiscation of Russian assets. The G7 leaders will agree to develop a stronger statement of intent to... #G7 #investments #RussianAssets #RussianAssetsArrested #RussianEconomy
The G7+ countries have promised their support for the Ukrainian energy sector and praised the sector’s reforms, which will allow the attraction of private investment. US Secretary of State Antony Blinken and the head of Japanese diplomacy, Iwao Horii, held the fourth ministerial meeting in the G7+ format to confirm collective support for restoring and protecting Uk... #AnthonyBlinken #energyukraine #G7 #IwaoHorii #UkraineENergySystem
The G7 will involve the private sector in reconstructing Ukraine and will not release Russian assets until compensation is paid. The Russian Federation must stop its aggression against Ukraine and bear legal responsibility for all its illegal international actions, including compensation for the damages caused to Ukraine, accor... #G7 #RussianAssets #SupportUkraine #UkraineReconstruction #UkraineRecovery
The G7 does not have a consensus on obligations for Ukraine security guarantees. The WSJ writes that there is no consensus among the G7 countries on how detailed the obligations under security guarantees for Ukraine should be, citing European officials. The G7 has yet to discuss w... #G7 #SecurityGuarantees #SupportUkraine #WarinUkraine
The G7 has highlighted their expectations for investment in the reconstruction of Ukraine. The ambassadors of the Group of Seven nations have identified the steps and reforms that are expected from Ukraine in preparation for the post-war reconstruction of the country and the arrival of West... #DenysShmyhal #G7 #InvestmentsinUkraine #ReformsinUkraine #UkraineReconstruction
The G7 countries have introduced new sanctions against Russia. On May 19, the US announced a new large-scale package of sanctions, which includes more than 300 companies, individuals, ships, and aircraft. The purpose of these restrictions is to make it impossible... #circumventionOfSanctions #G7 #SanctionsAgainstRussia
The Ukrainian Investment Platform was launched in Tokyo under EBRD leadership. Development finance institutions (DFIs) of the Big Seven countries – JBIC and JICA (Japan), CDP (Italy), FinDev Canada (Canada), Proparco (France), DFC (USA), BII (Great Britain), DEG (Germany) ... #ebrd #G7 #UkraineInvest #UkraineInvestmentPlatform
The G7 is preparing a strike against the Russian Federation’s shadow fleet. According to the FT, the G7 countries want to solve the issue of manipulation of tanker transponders that are turned off while at sea or do not transmit data about their destination ports. Using these... #G7 #RussianOil #RussianOilEmbargo #SanctionsAgainstRussia #ShadowFleetRussia
The G7 will meet Ukraine’s urgent financial needs. The G7 countries are intensifying their efforts to meet Ukraine’s urgent financial needs, according to a statement based on the consultations among the leaders of the G7 countries. “We will ask ... #G7 #G7supportUkraine #IMFandUkraine
The G7 has created an Energy Ramstein group to assist Ukraine with its infrastructure restoration. This provision is contained in a statement from the G7 foreign ministers following their two-day meeting in Münster (Germany). “Today, we are creating a coordination mechanism within the G7 that... #AnthonyBlinken #EnergyRamstein #EnergysectorUkraine #G7
The G7 has prepared a three-stage cap on Russian oil prices. According to Assistant Secretary for Economic Policy Ben Harris, the price ceiling will first be introduced on crude oil, then on diesel fuel, and finally on cheaper petroleum products, such as naphth... #G7 #RussianOilEmbargo #RussianOilPriceLimit
The G7 will launch an investment opportunity map for Ukraine. The restoration of Ukraine will cost €350B. According to Spiegel, the G7 countries plan to help Ukraine to attract foreign companies to aid the process. According to German Economy Minister Robert Hab... #G7 #investmenttoukraine #RobertHabeck
The G7 has agreed on a mechanism to limit Russian oil prices. On September 2, the finance ministers of the Big Seven countries (Great Britain, Germany, Italy, Canada, France, Japan, and the US) confirmed their intention to limit the price of Russian oil. The Min... #G7 #OilEmbargo #RussianOil
The G7 countries will help Ukraine as much as necessary. The G7 leaders intend to provide Ukraine with as much financial, military and humanitarian assistance as required. “We will support Ukraine as much as necessary by providing the necessary finan... #G7 #G7aidforUkraine #WarinUkraine
The G7 allocates up to $5B for food security. The G7 countries have agreed to mobilize more than $4.5B to counter Russian-caused food instability, which could put 20 million people on the brink of starvation, announced the White House. More than ... #FoodSecurity #G7 #Ukrainewar
The G7 will support the Ukrainian agricultural sector. The G7 countries intend to support Ukraine’s agrarian sector and seek to resume the transportation of Ukrainian farm exports by sea, said the G7 statement on global food security. Furthermore, t... #G7 #G7aidforUkraine #UkraineAgriculture
The G7 leaders have announced the launch of the Partnership for Global Infrastructure and Investment. According to the White House, the initiative envisages hundreds of billions of dollars worth of infrastructure development projects in developing countries, strengthening the global economy and suppl... #G7 #G7Summit #GlobalInfrastructure #JoeBiden
The G7 leaders have agreed on limiting the price of Russian oil. The leaders of the Group of Seven, met recently at a summit in Bavaria, Germany, and reached a unanimous consensus on the need to limit the price of Russian oil. Still, this mechanism needs to be work... #G7 #G7summit2022 #RussianAgression #RussianOilPriceLimit #RussianOilSanctions
Leaders of the G-7 are committed to indefinite support for Ukraine. The Group of Seven leaders has committed to providing indefinite support to Ukraine for its defense against Russia’s invasion. “We will continue to provide financial, humanitarian, military, and diplo... #G7 #G7meeting #SupportforUkraine #Ukrainewar #WarinUkraine
The UK is working with its G7 partners to resume the export of Ukrainian grain. In a phone call to President Zelenskyy, The Prime Minister of the UK, Boris Johnson, outlined the intensive work with international partners to find ways to resume the export of grain from Ukraine to... #BlockedSeaports #BorisJohnson #G7 #UKaid #UkraineGrainExport
G7 ambassadors plan to agree on $18.4B for Ukraine. At a meeting of the G7 countries and international financial institutions on Thursday, it was decided to allocate $18.4B to Ukraine to finance the budget for the next three months, reported Reuters. ... #G7 #G7aidforUkraine #G7andUkraine
The EU has proposed a new mechanism for the reconstruction of Ukraine. The European Commission has proposed a new mechanism called Rebuild Ukraine as the main tool to support Ukraine’s post-war reconstruction, announced the EU press service. The Ukrainian authoriti... #G20 #G7 #RebuildingUkraine #ReconstructionofUkraine #Ukrainewar
G7 finance ministers plan to allocate €15B in aid to Ukraine. The finance ministers of the G7 want to agree on a €15B financial aid package for Ukraine at a meeting in Bonn this week, reported Reuters. The package will provide three months of short-term financin... #G7 #G7aidforUkraine #WarinUkraine
The G7 group might impose tariffs on Russian oil as an alternative to an embargo. Representatives of the US Treasury Department, at a meeting of G7 finance ministers, will propose that the EU introduce tariffs on Russian oil as a faster alternative to a direct oil embargo. The US ... #G7 #OilEmbargo #RussianOil #Sanctions
The EU prepares a new package of financial assistance for Ukraine. The European Commission intends to propose a new financial aid package to Ukraine on Wednesday, which includes new loans to provide immediate liquidity to Kyiv and commitments to long-term financing ... #EuropeanCommission #financialaidforUkraine #G7 #KristalinaGeorgieva #WarinUkraine
The G7 countries’ support for Ukraine will include weapons, money, and reconstruction assistance. The G7 countries call on Russia to withdraw all its troops from Ukraine immediately and say they do not recognize any new borders other than those that are internationally defined and will provide Ukr... #AidforUkraine #G7 #G7aidforUkraine #WarinUkraine
The G7 countries will allocate up to €30B to Ukraine. At a meeting of the G7 finance ministers, they expressed a willingness to initiate budget support for Ukraine worth almost €30B, reported Spiegel.de. According to the participants in the talks, Ukrain... #G7 #G7aidforUkraine #G7andUkraine
The G7 leaders met virtually with President Zelenskyy and promised their full support for Ukraine. The G7 leaders, including US president Joe Biden, had a video meeting and confirmed that they would continue to provide military and economic assistance to Ukraine, reported CNN. Zelenskyy stated tha... #G7 #G7aidforUkraine #JoeBiden #Zelenskyy
The G7 finance ministers have announced more than $24B in aid for Ukraine. The G7 finance ministers have announced more than $24B in aid for Ukraine. #financialaidforUkraine #G20 #G7 #SerhiyMarchenko #WarinUkraine
G7 ambassadors discuss plans to restore Ukraine with the NBU. The ambassadors of the Group of Seven discussed with the Chairman of the National Bank of Ukraine, Kirill Shevchenko, and the Board of the NBU ways to support and plans to restore Ukraine. The relevan... #G7
The US is banning investment in Russia and imposing sanctions on Putin’s daughters. The United States, along with the G7 and the EU, imposed new sanctions on Russian President Putin’s daughters, Russia’s largest banks, Alfa-Bank and Sberbank, and banned all new investmen... #AlfaBank #eu #G7 #PutinDaughters #PutinSanctions #SberbankRussia
G7 leaders vow to bring Putin and Lukashenko to justice. The G7 leaders condemned Russia’s full-scale invasion of Ukraine and warned the aggressor country against using chemical, biological and nuclear weapons. The aggressor country was called upon to... #G7 #G7Brussels2022 #WarinUkraine
Zelenskyy proposes three directions of action for the war in Ukraine to the G7. The President of Ukraine, Volodymyr Zelenskyy, offered the G7 countries three paths of action in connection with Putin’s war against Ukraine. The first is to tighten sanctions against Russia “w... #G7 #Zelenskyy
G7 Finance Ministers warn Russia to de-escalate tensions at Ukraine’s borders. According to the G7 Finance Ministers, their immediate priority is to support efforts to de-escalate the situation. The statement continues, “However, we reiterate that in particular any further mili... #G7 #G7ambassadors #G7andUkraine
Ukraine seeks G7’s help in liberalizing international road freight transport. The Minister of Infrastructure, Alexander Kubrakov said that the ministry is counting on the assistance of the G7 countries in launching a negotiation process on the liberalization of international ro... #G7 #TruckPermits #UkraineTruckPermits
