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 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
Russia lost its case to unblock €70B in the EU, so the funds can now be used to help Ukraine. The Russian National Settlement Depository has lost its case to remove EU sanctions imposed in connection with its role in financing the war. The depository came under EU sanctions in 2022 when the bl... #Euroclear #RussianAssets #RussianAssetsArrested #RussianCentralBank
The EU will spend €300M of revenues from frozen Russian assets to purchase weapons for Ukraine from French manufacturers. As reported by the French Ministry of Defense, France has joined Ukraine’s new defense support program, established within the framework of the European Peace Fund. The program will allocate €1.4B in ... #EuropeanPeaceFund #France #RussianAssetsArrested #RussianAssetsProfits #WarinUkraine #WeaponsforUkraine
Kamala Harris’ potential victory has slowed the issuance of a $50B loan to Ukraine. The rapid popularity of US presidential candidate Kamala Harris worsened the prospects for a quick agreement on the terms of a $50B loan to Ukraine. As Politico explains, before President Joe Biden dr... #JoeBiden #KamalaHarris #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #USelections
The EU is preparing indefinite sanctions to be placed on Russian assets to enable Ukraine’s $50B loan as part of the G7 initiative. EU countries are discussing options for extending the period between reviews of the sanctions on the Russian central bank’s assets to ensure the operation of the G7 plan to provide Ukraine with ... #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #RussianCentralBank #SanctionsAgainstRussia
The EU will adjust sanctions to ensure the earnings from frozen Russian assets are not interrupted. The EU has presented member states with two options to freeze Russian Central Bank assets for extended periods. It seeks to assuage US concerns over a G7 plan to leverage the profits from these assets... #G7 #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #RussianCentralBank #SanctionsAgainstRussia #SupportUkraine
Washington still needs to decide on the amount it will provide to Ukraine as part of the $50B loan secured by frozen Russian assets. The leaders of the G7 countries have agreed that each will provide Ukraine with a loan that will be repaid with the annual profit generated by frozen Russian assets. Politico believes that this proces... #G7 #GiorgiaMeloni #LoansForUkraine #RussianAssetsArrested #RussianAssetsProfits #SupportUkraine #Washington
Ukraine will receive the first funds from the frozen assets of the Russian Federation this summer. This summer, the European Council hopes to direct to Ukraine the first revenues from profits generated by the assets of the Russian Central Bank, which were blocked in Europe after the Russian full-sc... #EuropeanCouncil #LoanForUkraine #ReparationsForUkraine #RussianAssetsArrested #RussianAssetsProfits #RussianCentralBank
Hungary will appeal the transfer of the proceeds from frozen Russian assets to Ukraine, blocking another €6.6B in support. The Minister of Foreign Affairs of Hungary, Péter Szijjártó, said “the EU crossed a red line” by using €1.4B in Russian asset revenue to finance the supply of weapons to Ukraine, while ... #Hungary #HungaryVeto #PeterSijarto #RussianAssetsArrested #RussianAssetsProfits #SupportUkraine #VictorOrban
The EU will start arming Ukraine with money earned from Russian assets. On June 24, EU countries approved the first tranche of military aid to Ukraine, about €1.4B, which will come from the proceeds of frozen Russian assets. The funds will be used to purchase equipment su... #G7 #HungaryVeto #JosepBorrell #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #WeaponsforUkraine
These are the details of the G7’s agreement to loan Ukraine $50B. The G7 countries have agreed on a loan structure based on the respective size of their economies that will provide Ukraine with about $50B in new aid, which will begin to arrive by the end of the year... #G7 #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #SupportUkraine
The G7 still hasn’t agreed on a mechanism for using profits from Russian assets to help Ukraine. At the G7 Summit in Apulia, Italy, on June 13-15, the leaders of the member countries hope to agree on using profits from Russian assets frozen in the West to provide Ukraine with budget support and h... #G7 #LoansForUkraine #RussianAssetsArrested #RussianAssetsProfits #SupportUkraine
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
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 EU has decided the fate of frozen Russian assets. The ambassadors of the EU agreed on what to do with the profits from the frozen assets of Russia, the Belgian Presidency of the Council of the EU has announced. The money will be used to support Ukrai... #Euroclear #RussianAssetsArrested #RussianAssetsProfits #SupportUkraine #UrsulavonderLeyen #ValerieUrbain
The EU is approaching a decision on the use of profits from frozen Russian assets to help Ukraine; the US has found a way to transfer up to €50B. The Minister of Foreign Affairs of Lithuania, Gabrielius Landsbergis, believes that the EC and the Council of the EU are close to deciding to allocate to Ukraine the profits obtained from Russian Fede... #AndriiPyshnyi #GabrieliusLandsbergis #nbu #ReparationsForUkraine #RussianAssetsArrested #RussianAssetsProfits
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
The head of the ECB criticizes the US’ plans regarding the frozen assets of the Russian Federation. The President of the European Central Bank, Christine Lagarde, spoke critically of the idea to use more than €260B in frozen Russian assets to finance military aid to Ukraine. She warned about the leg... #ChristineLagarde #ECB #ReparationsForUkraine #RussianAssetsArrested #RussianAssetsConfiscation
The US offers to provide Ukraine with billions of euros in aid secured by profits from the Russian Federation’s frozen assets. As the FT writes, the US is proposing to the G7 a compromise plan for the use of Russian assets rather than their confiscation or simply providing Ukraine with their profits. Daleep Singh, the US pres... #DaleepSingh #Euroclear #imf #ReparationsForUkraine #RussianAssetsArrested #RussianAssetsProfits
Donald Tusk: The EU must use the frozen Russian assets to help Ukraine. During a news conference in Warsaw on April 11, Polish Prime Minister Donald Tusk said the European Union should tap Russia’s frozen assets to help Ukraine because the windfall profits alone are insuf... #DonaldTusk #Euroclear #KajaKallas #ReparationsForUkraine #RussianAssetsArrested #RussianAssetsConfiscation #WarinUkraine
The Weimar Triangle leaders have agreed to buy weapons for Ukraine with the proceeds from frozen Russian assets. France, Germany, and Poland will create a coalition to provide Kyiv with long-range artillery and will use the proceeds from frozen Russian assets for this purpose, German Chancellor Olaf Scholz annou... #DonaldTusk #EmmanuelMacron #MilitaryAidforUkraine #OlafScholz #RussianAssetsArrested #SupportUkraine #WeaponsforUkraine #WeimarTriangle
The EU will reserve profits from the Russian Federation’s frozen assets for Ukraine’s recovery. The Council of the EU adopted decisions and regulatory rules defining the obligations of EU Central Securities Depositories (CSDs) that are holding frozen assets and reserves belonging to the Central ... #RussianAssetsArrested #RussianAssetsProfits #RussianCentralBank #UkraineFund #UkraineReconstruction
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
Belgium, which presides over the EU Council, insists on a clear mechanism for confiscating Russian assets. “Belgium is not against the confiscation of the €280B in frozen assets belonging to the Russian Central Bank, but there must be a clear mechanism for this. For example, they can be used as colla... #AlexanderDeCroo #Euroclear #RussianAssetsArrested #RussianCentralBank
The EU is studying the possibility of transferring €15B in revenues from frozen Russian assets. As the FT points out, Belgium’s new responsibilities as the country currently holding the EU presidency may complicate the issue of using blocked Russian assets to help Ukraine. At the same time... #ReparationsForUkraine #RussianAssets #RussianAssetsArrested #RussianCentralBank
The EU will pay compensation to companies whose assets were nationalized by Russia. Russian authorities have confiscated business assets belonging to Western companies that decided to leave the country, leaving them no alternative but to abandon their investment. The leaders of the E... #NationalizationRussia #RussianAssetsArrested #SanctionsAgainstRussia #WesternCompaniesInRussia
The EU is one step away from using €211B in frozen Russian assets; the aggressor threatens mirror measures. The European Commission will present proposals for the use of revenues from Russia’s sovereign financial assets amounting to €211B that are currently seized in the EU, European Commission Presid... #RussianAssets #RussianAssetsArrested #UkraineReconstruction #UrsulavonderLeyen #VyacheslavVolodin
Canada will create an international precedent to confiscate Russian sovereign assets. In the upper house of the Canadian Parliament, the procedure for considering the draft law on seizing sovereign assets belonging to offending states, including Russia, has begun. “The proposed d... #RatnaOmidvar #ReparationsForUkraine #RussianAssets #RussianAssetsArrested
The US and Ukraine will insist on European confiscation of the accrued interest on frozen Russian assets. This week in Luxembourg, US Treasury Secretary Janet Yellen intends to encourage European officials to take concrete steps to confiscate accrued interest on $200B that Russia keeps in European banks. ... #AndriiPyshnyi #JanetYellen #RussianAssets #RussianAssetsArrested #UkraineRecovery
Due to uncertainty of further US support, Yellen approves the EU’s plan to tax the Russian Federation’s frozen assets. US Treasury Secretary Janet Yellen strongly supported the EU’s plan to introduce a windfall tax on frozen Russian assets. This step will stimulate the attraction of new funds to support Ukraine.... #JanetYellen #RussianAssets #RussianAssetsArrested #USbudget #USsupportsUkraine
Belgium will create a €1.7B fund from revenues obtained through frozen Russian assets. As reported by the Prime Minister of Belgium, Alexander De Croo, the proceeds from taxes on income from frozen Russian assets will be credited to the fund. “Here in Belgium, we have taxation on ... #AlexanderDeCroo #RussianAssets #RussianAssetsArrested #SupportUkraine #Zelenskyy
A Belgian bank received more than €1.7B in profit from Russian frozen assets, and Estonia plans to be the first in the EU to confiscate such assets. As reported by Euroclear, the €1.74B in profit was from the first half of 2023. The Belgian bank’s management believes “It is necessary to separate estimated sanctions-related earnings fr... #Euroclear #MargusTsahkna #RussianAssets #RussianAssetsArrested #SanctionsAgainstRussia
The REPO group has frozen $58B in Russian assets, but asset accumulation has slowed. The multilateral Task Force on Prosecution of Russian Elites, Proxies, and Oligarchs (REPO) has blocked or frozen $58B in Russian assets that are restricted in connection with sanctions issued followi... #ReparationsForUkraine #REPOgroup #RussianAssetsArrested
The EU is considering transferring profits from the management of frozen Russian assets. The European Union wants to analyze the idea of managing the Russian Central Bank’s frozen assets ($300B), the profit from which would be applied to Ukraine’s reconstruction. The President of t... #CharlesMichel #RussianAssets #RussianAssetsArrested
The EU Commission is working on directing Russian assets to restore Ukraine. The European Commission proposes the creation of a special court to prosecute Russian crimes in Ukraine and determine the conditions for using frozen Russian assets for Ukraine’s benefit, Ursula von d... #ReparationsForUkraine #RussianAssetsArrested #UkraineRecovery #UrsulavonderLeyen
Russia has become the most sanctioned country in the UK, ahead of Libya and Iran. The British government has frozen assets totaling ￡18 billion ($20.5B) belonging to Russian oligarchs, other individuals, and entities. All are under sanction for the Russian invasion of Ukraine. Acco... #anti_Russiansanctions #RussianAssetsArrested #UKsanctions
The EU has frozen €17B in Russian assets. The European Union has frozen Russian assets worth more than €17B as part of the sanctions that have been placed against Russia. EU Justice Commissioner Didier Reynders believes this money can be used... #DidierReynders #RestoringUkraine #RussianAssetsArrested
Ukraine will have access to $300B of Russian money to rebuild the country. Nearly $300B in funds from the Central Bank of the Russian Federation, which are in accounts outside Russia, have already been reserved for Ukraine, stated an Economic Adviser to President Zelensky, O... #RussianAssets #RussianAssetsArrested
