The US is preparing to confiscate Russian money: Financial institutions are required to report any Russian assets. The US Treasury Department has required institutions that own Russian state assets to inform about them as part of implementing the Law on Restoring Economic Prosperity and Opportunities for Ukrainian... #CompensationForUkraine #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation
By the end of the year, Ukraine will receive at least $65B from the US, the G7, the EU, and the IMF. The Ukrainian government expects to receive $7.9B in credit support from the US, Minister of Economy Yuliya Svyrydenko said. At a meeting of the Economic and Financial Affairs Council, the EU finance ... #EFFprogram #financialaidforUkraine #imf #LoanForUkraine #RussianAssetsConfiscation #UkraineBudget2024 #UkraineFacility
The US demands long-term sanctions against the Russian Federation from the EU in exchange for $50B in aid for Ukraine. The US is demanding guarantees from the EU that sanctions against Russia will be maintained in order to implement a loan mechanism that will provide Ukraine with a $50B loan secured by profits from fr... #G7 #LoansForUkraine #RussianAssetsConfiscation #RussianAssetsProfits #SanctionsAgainstRussia #SupportUkraine
A British economist and expert on Ukraine is convinced that the West still does not finance and arm our country sufficiently for a real victory. In his blog, Timothy Ash drew attention to the numbers: the West spent $100B a year for the past two years to support Ukraine in its fight. However, Russia is increasing its defense spending to $140B ... #MilitaryAidforUkraine #RussianAssetsConfiscation #SupportUkraine #TimothyAsh #VictoryUkraine #WarinUkraine
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
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
The EU approves the transfer of revenues from frozen Russian assets to Ukraine, 90% of which will go to the military. On May 21, the Council of the EU agreed on a conservative plan for the use of Russian assets for the benefit of Ukraine. It will allow Ukraine to receive €3B this year, the Minister of Foreign Affairs... #EUCouncil #EuropeanPeaceFund #JanLipavsky #RussianAssetsConfiscation #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
Ukraine considers it insufficient to receive only profit from Russian assets. The €3B in profits collected from frozen Russian assets is “almost nothing” compared to the amount that will be necessary to win the war against Russia, said Minister of Justice of Ukraine... #DenysMalyuska #MatthewMiller #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
Russia will seize Western assets in retaliation, and the aggressor has other options for its revenge. As Reuters points out, Russia does not have enough Western assets on its territory for proportionate retaliatory confiscation, but it still has ways to retaliate against the West if it dares to seize ... #Euroclear #RussianAssets #RussianAssetsConfiscation #SecuritiesMarket
Ukraine’s allies should introduce a duty on imported Russian goods to compensate Ukraine for war damages. Partner countries should introduce a special duty on the import of Russian or Russian-related oil and other products and transfer the money to a compensation fund for damages caused to Ukraine, accord... #CompensationForUkraine #ReparationsForUkraine #RussianAssetsConfiscation #UkraineReconstruction #UkraineWarDamages #WarLosses
The confiscation of Russian assets will help Ukraine to finance the war at least until the end of 2028. Despite the support from the US, Ukraine needs a medium-term financing plan to repel Russian aggression, and the main source of this financing must be Russia’s frozen assets. There is a high chance th... #RussianAssets #RussianAssetsConfiscation #UkraineBudget2024 #UkraineDefensePurchases #WarinUkraine
Germany opposes the transfer of Russian assets to Ukraine due to fears of new WWII lawsuits. Demands for reparations stemming from WWII crimes have dogged Germany for decades. Calls for further reparations are appearing even now. In 2019, Greece demanded more than $300B in compensation, while... #Germany #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #WWII
The European Parliament has gained more support for confiscating Russian assets, but the G7 is inclined to use only their generated revenue. The European Parliament held a debate regarding the use of frozen assets belonging to the Russian Central Bank, where most deputies support the European Commission’s proposal to transfer the profits f... #AndriusKubilius #EuropeanParliament #ReparationsForUkraine #RussianAssetsConfiscation #RussianAssetsProfits #RussianCentralBank
Borrell insists on directing 90% of the income from the Russian Federation’s assets to Ukraine. The EU’s high representative, Josep Borrell, said that 90% of the proceeds from the Russian Federation’s frozen assets should be directed to the European Peace Fund, which purchases weapon... #EuropeanPeaceFund #JosepBorrell #RussianAssetsConfiscation #RussianAssetsProfits #SupportUkraine #UkraineRecovery
The US House passed $61B financial aid bill for Ukraine the possibility for confiscation of Russian assets. The bill provides for an appropriation of $60.8B, where defense expenditures are expected to be $49.9B. US President Joe Biden promised to sign the aid bill as soon as it is approved by both Houses of... #JoeBiden #MikeJohnson #RussianAssetsConfiscation #SanctionsAgainstRussia #USaidforUkraine #UScongress #USsupportsUkraine #Zelenskyy
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
New US aid for Ukraine includes $60.8B and the confiscation of Russian assets. According to the recently introduced bill regarding Ukraine, aid foresees allocation of $60.8B to Ukraine and regional partners counter Russia. Defense expenditures will amount to $49.9B and also cont... #ATACMS #financialaidforUkraine #JoeBiden #ReparationsForUkraine #RussianAssetsConfiscation #USaidforUkraine
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 Russian Federation’s frozen assets: What is Ukraine waiting for, and what is it already receiving? Deputy Head of the Office of President Iryna Mudra reported that to speed up the receipt of frozen assets from the US the REPO act, which would allow the US president to seize Russian sovereign assets... #IrynaMudra #ReparationsForUkraine #RussianAssetsConfiscation #RussianAssetsProfits #SupportUkraine
The IMF plans to discuss Ukraine at the spring meetings with the WB. The top manager of the IMF, Julie Kozack, said: “We will discuss during the spring meetings on April 15 (between the IMF and the World Bank) the situation in Ukraine and the critical importance of the... #DebtRestructuring #imf #JulieKozack #RussianAssets #RussianAssetsConfiscation #ukrainedebt #worldbank
The EU continues to work on reparations for Ukraine: €37B in private and €208B in state assets of the Russian Federation are frozen. As European Commissioner for Justice, Didier Reynders, stated: “We are working on this issue regarding Russian frozen assets, whether private or public. We have €37B of private assets in Europe ... #DidierReynders #DmytroKuleba #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation
The US aid package for Ukraine is again under threat; Democrats are not happy with the confiscation of Russian assets. Democrats are outraged by US House Speaker Mike Johnson’s plan to provide aid to Ukraine. According to Axios, the Democratic concern is centered around using the REPO act to confiscate frozen Ru... #GregLandsman #MikeJohnson #RussianAssetsConfiscation #USaidforUkraine #UScongress
The US is preparing to transfer $5-8B of Russian assets for the reconstruction of Ukraine. Congress is preparing a bipartisan bill that would allow the confiscation of $5-8B of the Russian Federation’s sovereign assets that are currently under the US’ jurisdiction and use them t... #MikeJohnson #RussianAssets #RussianAssetsConfiscation #UkraineRecovery #UScongress
The EU does not want to transfer €5B in income from the frozen assets of the Russian Federation to Ukraine. The EU decided not to transfer €5B to Ukraine from the proceeds received from the investment of the frozen assets of the Russian Federation in 2022-2023. This money will be in Euroclear, the body that... #DenysMalyuska #Euroclear #RussianAssetsConfiscation #RussianAssetsProfits #RussianCentralBank
The confiscation of Russian assets is inevitable to ensure Ukraine’s victory, but banks fear lawsuits from the Kremlin. The EU will eventually have to confiscate Russian assets if it wants Ukraine to win in the confrontation with the Russian Federation, said the head of the central bank of Latvia, Martins Kazaks. ̶... #Euractiv #MartinsKazaks #ReparationsForUkraine #RussianAssetsConfiscation #WarinUkraine
Ukraine will receive the first payment from frozen Russian assets this summer. The EU has prepared a draft law, according to which Ukraine can start receiving profits from frozen Russian sovereign assets as early as July of this year. As Bloomberg writes, the draft law envisages... #EuropeanPeaceFund #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #RussianCentralBank
The European Parliament supports using Russian assets for Ukraine’s benefit. Last week in Strasbourg, the European Parliament adopted a resolution on the EU directive regarding the detection and seizure of assets of criminal origin, which allows for the quick freezing and conf... #EuropeanParliament #LórántVincze #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineRecovery
Ukraine will receive the first €3B in profit this summer from frozen Russian assets. The EC wants to accelerate the approval of the mechanism that will allow the use of profits from frozen Russian assets so that Ukraine can receive the first €2-3B tranche in July. As the FT writes, th... #Euroclear #ReparationsForUkraine #RussianAssetsConfiscation #RussianAssetsProfits
The EU is approaching a decision on the use of Russian assets. In Europe, the only politically realistic approach to using Russian money to finance Ukraine is considered to involve about 1% of the frozen funds. However, Ukraine needs about €100B a year to fight t... #Euroclear #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #RussianCentralBank #SupportUkraine
Britain is ready to lend the Russian Federation’s frozen assets to Ukraine. Britain is prepared to give Ukraine all the frozen assets of the Russian central bank that are being held in the country, on the condition that Russia will be forced to pay reparations to Ukraine afte... #DavidCameron #ReparationsForUkraine #RussianAssetsConfiscation #RussianCentralBank
The West continues discussing the confiscation of Russian assets – the US offers to develop a mechanism together with France. US Treasury Secretary Janet Yellen called on French Finance Minister Bruno Le Maire to help develop options for Ukraine to use frozen Russian assets before a June summit after he publicly rejected Yel... #BrunoLeMaire #JanetYellen #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineRestoration
The European Parliament urges support for Ukraine, ensuring its victory in the war. The European Parliament adopted a resolution stating that the EU should support Ukraine with everything necessary so that Kyiv can win the war against Russia. It is emphasized that the war has fundame... #EuropeanParliament #MilitaryAidforUkraine #RussianAssetsConfiscation #SupportUkraine #VictoryUkraine #WarinUkraine
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 US Ministry of Justice handed over $500,000 of confiscated Russian funds to Ukraine, though Euroclear opposes it. Confiscated funds will be transferred directly to Estonia and further allocated to Ukraine through a project to accelerate damage assessment and critical repairs of the Ukrainian electricity system. T... #Euroclear #RussianAssetsConfiscation #RussianAssetsProfits #UkraineRecovery
Top international lawyers explain why confiscating and transferring Russian assets to Ukraine is legal and important for the entire world. Former US diplomat Philip Zelikow and a large group of international lawyers plan to publish an open letter next week arguing that the West is taking too narrow a view of customary international law. ... #PhilipZelikow #ReparationsForUkraine #RussianAgression #RussianAssetsConfiscation #RussianWarcrimes
Washington is considering alternative methods to buy arms for Ukraine. The issue of aid to Ukraine is pending in the US Senate. Even if military assistance can be advanced, there are many reasons to doubt that the money will come, given the deep opposition from Republica... #RussianAssetsConfiscation #RussianCentralBank #SupportUkraine #USsenate #WarinUkraine #WeaponsforUkraine
The Kremlin threatens the West with years of trials and cyberattacks for trying to use its assets for Ukraine. Russia is threatening to initiate lengthy legal disputes in international courts if the G7 countries and the EU decide to use the frozen assets of the Russian Central Bank to restore Ukraine, said the... #DmytriyPeskov #Euroclear #RussianAssets #RussianAssetsConfiscation #RussianCentralBank
Ukraine’s allies plan to direct frozen Russian assets to help Ukraine without their immediate confiscation. According to a plan proposed by Belgium, the allies could issue debt obligations to finance Ukraine’s needs, using the assets of the Russian Federation as collateral to guarantee repayment of the debt... #Euroclear #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #RussianCentralBank
An international depository earned more than €4B on frozen Russian assets. The financial group Euroclear earned €4.4B in 2023 on Russian assets that were frozen due to EU sanctions. This is about 80% of all interest income of the group. Aggregate net interest income, includi... #Euroclear #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation
The EU supports the transfer of profits from frozen Russian assets to Ukraine, but there is a lack of economic power for confiscation. On January 29, the ambassadors of the EU gave their support to a proposal to use the profits from the frozen assets of the Russian Federation to help Ukraine. The EU must approve the first step, separ... #EUCouncil #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #RussianCentralBank
The US Senate support the confiscation of Russian assets in favor of Ukraine. The US Senate Foreign Affairs Committee approved a bill that would help Washington confiscate Russian assets and hand them over to Ukraine in compensation for the devastation caused by the Russian war... #BenCardin #ReparationsForUkraine #RussianAssetsConfiscation #RussianCentralBank #USsenate
Western analysts consider the confiscation of Russian assets a short-sighted decision and offer an alternative option. As The Hill explains, confiscation makes little sense because, First, confiscation of assets reverts government bonds to the issuers, which would automatically void the West’s obligation to redeem sov... #ReparationsForUkraine #RussianAssetsConfiscation #RussianCentralBank #RussianTrustFund #UkraineRecovery
EU countries reach a political agreement on the use of frozen Russian assets. The EU member states have a political consensus to use the profits from the Russian Federation’s frozen assets, said the high representative of the EU, Josep Borrell, after the Council of the EU meeti... #JosepBorrell #RikardJozwiak #RussianAssets #RussianAssetsConfiscation
The EU can allocate €6-€8B a year to Ukraine from revenues sourced from frozen Russian assets. The Ukrainian ambassador to the EU, Vsevolod Chentsov, said that the EU has about €200B out of the total €300B of frozen Russian assets. It is difficult to transfer the assets outright to Ukraine, owi... #ReparationsForUkraine #RussianAssetsConfiscation #RussianCentralBank #VsevolodChentsov
Ukraine will need $10-$15B aid annually after the war, said Deputy Head of the Office of the President Rostyslav Shurma at the Ukrainian House in Davos. However, according to Shurma, this need can be satisfied if Ukraine receives frozen Russian assets cur... #DmytroKuleba #Euroclear #ReparationsForUkraine #RostyslavShurma #RussianAssetsConfiscation #UkraineReconstruction #UkraineRecovery
The US will agree to an aid package to Ukraine sooner than transferring frozen Russian assets. The Ambassador of Ukraine to the US, Oksana Markarova, said that the priority for the Embassy of Ukraine is the approval by the US Congress of a $61B aid package. She noted that Ukraine continues rece... #OksanaMarkarova #RussianAssetsConfiscation #SupportUkraine #USaidforUkraine
