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
The IMF is assessing the impact of the confiscation of Russian assets on the international financial system, and Russia is preparing its case for the courts. The top manager of the IMF, Julia Kozak, noted that the fund believes that decisions on the confiscation of Russian assets should be made by the countries where the frozen funds of the Russian Federat... #imf #JuliaKozak #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #RussianCentralBank
The White House approves confiscating $300B in Russian assets to restore Ukraine. US President Joe Biden’s administration supports a bill that would allow it to confiscate about $300B in frozen Russian assets for Ukraine’s restoration. Biden supports the move amid congression... #JoeBiden #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineRecovery #WhiteHouse
The frozen assets belonging to the Russian Federation will cover 80% of Ukraine’s reconstruction needs. Minister of Foreign Affairs Dmytro Kuleba said that Ukraine will definitely receive money for post-war reconstruction from frozen Russian Federation assets. The minister hopes these funds will arrive ... #DmytroKuleba #EnvironmentalDamage #ReparationsForUkraine #RussianAssetsConfiscation #UkraineReconstruction #UkraineWarDamages
The White House needs Congress’ approval to continue aid to Ukraine and continue working on confiscating Russian assets. The White House no longer has funds for new military aid packages to Ukraine until the US Congress approves it, the representative of the National Security Council of the White House, John Kirby, said... #DenysShmyhal #JohnKirby #RussianAssetsConfiscation #SupportUkraine #USaidforUkraine #UScongress
Will the mechanism for the confiscation of Russian assets start soon? The Minister of Foreign Affairs, Dmytro Kuleba, announced progress regarding the confiscation of Russian assets for Ukraine’s benefit and expressed hope that in 2024 the legal framework will be approv... #DmytroKuleba #RussianAssets #RussianAssetsConfiscation
This year’s latest arms package, worth $250M, and the confiscation of $300B in frozen Russian assets: this is how the US is supporting Ukraine on New Year’s Eve. The package includes ammunition for NASAMS and HIMARS systems, Stinger anti-aircraft missiles, 155 mm and 105 mm artillery shells, TOW anti-tank missiles, and Javelin and AT-4 anti-tank systems. The p... #HimarsForUkraine #MilitaryAidforUkraine #NASAMS #RussianAssetsConfiscation #SupportUkraine #USmilitaryAid #WarinUkraine
More than €4B in Russian assets have been seized in Germany. As of the beginning of December 2023, the Ministry of Finance of Germany reported that due to Russia’s war against Ukraine, Germany has seized about €4.1B in Russian assets. It is noted that the... #JPmorgan #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #RussianCentralBank
Biden approves the $300M US defense budget for Ukraine, and his administration has begun urgent negotiations with the G7 to transfer frozen Russian assets. On December 22, US President Joe Biden signed the National Defense Authorization Act, which provides a record $886B for defense needs in the 2024 fiscal year. It continues the operation of the initiat... #JoeBiden #RussianAssetsConfiscation #SupportUkraine #USaidforUkraine #USdefenseBudget
The US offers to transfer frozen Russian assets to Ukraine “in advance,” as part of reparations. According to the FT, although Washington has not publicly supported confiscating frozen assets, politicians have agreed to it privately. It is assumed that the seized assets can be transferred to Ukra... #JPmorgan #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation
The EC approves a plan for the use of the Russian Federation’s frozen assets for Ukraine’s benefit. As a high-ranking EU official told journalists at a closed briefing, the European Commission will not publish the proposal but will submit it to the European Council for study and decision-making. The... #EuropeanCommission #RussianAssets #RussianAssetsConfiscation #UkraineRestoration
The EU will consider a plan to use revenues from Russia’s frozen assets; Britain supports using these assets to help Ukraine. The EC must approve a legal proposal regarding the use of income from Russian assets frozen under sanctions in connection with the Russian Federation’s full-scale invasion. The decision is expected to... #DavidCameron #ReparationsForUkraine #RussianAssetsConfiscation #UkraineRecovery
The EU will present a plan for the use of frozen Russian assets, but a few issues still remain. On December 12, the EC plans to publish a plan to use the profits from more than €200B in frozen Russian Central Bank assets. Several issues still need to be resolved, however, and the EU proposal wil... #RussianAssets #RussianAssetsConfiscation #RussianCentralBank
The US Congress approves the transfer of the Russian Federation’s frozen assets to Ukraine. According to Republican congressman Michael McCall, who introduced the relevant document for consideration, this bill requires the Biden administration to hand the aggressor’s frozen sovereign assets ... #MichaelMcCall #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineRecovery
The G7 countries have frozen $280B in Russian assets, and Estonia and Britain are preparing to use them. In a joint statement, the G7’s financial bloc pledged to freeze Russia’s assets until it compensates for the losses it’s caused to Ukraine through the war. A working group assigned to quantify f... #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineReconstruction #WarinUkraine
The US considers aid to Ukraine and Israel a priority and is working hard to use frozen Russian assets. Financial and military support to Ukraine and aid to Israel are priorities for the White House, US Treasury Secretary Janet Yellen said. She emphasized that the White House has made that clear to Cong... #JanetYellen #RussianAssets #RussianAssetsConfiscation #UkraineReconstruction #USsupportsUkraine
The US and the EU are preparing to transfer confiscated assets of the Russian Federation to Ukraine. The United States is working with European allies and partners to create the necessary legal framework for the use of seized Russian assets for Ukrainian reconstruction projects, US Secretary of State... #AnthonyBlinken #RussianAssets #RussianAssetsConfiscation #UkraineRecovery
The US finds a way to transfer frozen Russian assets to Ukraine. US President Joe Biden may use the International Emergency Economic Powers Act (IEEPA) of 1977 to gain access to them. The law states that the president may block, regulate, direct, annul, prevent, or... #IEEPA #JanetYellen #RussianAssets #RussianAssetsConfiscation #UkraineRestoration
Next year, Ukraine will once again seek $15B for rapid recovery. In 2024, Ukraine will need from $10 to $15B for quick recovery, Prime Minister Denys Shmyhal said. He specified that financing of the Recovery Fund from the state’s budget for the next year is n... #DenysShmyhal #RussianAssetsConfiscation #UkraineEconomy #UkraineRecovery
Ukraine spent UAH 60B on rapid reconstruction and offers a special mechanism for attracting funding for the country’s reconstruction. Prime Minister of Ukraine Denys Shmyhal stated at the Yalta European Strategy forum that more than UAH 60B has already been allocated for Ukraine’s rapid rebuilding. This included funds for demi... #DenysShmyhal #RussianAssetsConfiscation #UkraineReconstruction #UkraineRecovery #YaltaConference
Billion-dollar US aid package for Ukraine includes $5.4M from Russian oligarchs, and the EU is preparing to transfer €3B to Ukraine from frozen Russian reserves. For the first time since the beginning of the war, the US will transfer Ukraine assets confiscated from sanctioned Russian oligarchs, said US Secretary of State Antony Blinken. The assets total around... #AnthonyBlinken #financialaidforUkraine #RussianAssetsConfiscation #SupportUkraine #USaidforUkraine
The US wants to send $1B of seized Russian assets to Ukraine. These are assets that the United States has found and seized in other countries over a year and a half, US Deputy Attorney General Lisa Monaco said. “We detained planes in Switzerland and the Mi... #KleptoCapture #LisaMonaco #RussianAssets #RussianAssetsConfiscation #SanctionsAgainstRussia
The EU will tax profits on frozen Russian Central Bank assets. EU leaders are backing plans that would impose a windfall tax on profits generated by more than €200B in Russian Central Bank assets to aid Ukraine’s reconstruction and will seek political support fro... #RussianAssetsConfiscation #RussianCentralBank #UkraineReconstruction #UrsulavonderLeyen
The EU is preparing a plan to transfer revenues from frozen Russian Federation assets to Ukraine. The President of the European Commission, Ursula von der Leyen, promised to present it before the “summer vacation” at the Conference on the Reconstruction of Ukraine in London. She noted ... #financialaidforUkraine #RussianAssets #RussianAssetsConfiscation #UkraineReconstruction #UkraineRecovery #UrsulavonderLeyen
The EU is still working out a mechanism for using Russian assets for Ukraine. As a representative of the European Commission, Christian Wiegand, explained there are two different elements: private assets and state assets. The amount of frozen private assets is at a €24.1B equiv... #ChristianWiegand #RussianAssets #RussianAssetsConfiscation #RussianCentralBank #UkraineRecovery
The US Congress is preparing to confiscate Russian assets to assist Ukraine, and Estonia is the first in the EU to develop a legal confiscation mechanism. The corresponding draft act has been introduced by a bipartisan group of US senators, which primarily concerns the assets of the Central Bank of the Russian Federation. The document is entitled the Re... #ReconstructionUkraine #ReparationsForUkraine #REPOgroup #RussianAssets #RussianAssetsConfiscation
A European working group will explore using frozen Russian assets for Ukraine. An EU working group will be set up to look at using frozen Russian assets for the reconstruction of Ukraine, the Swedish Presidency of the Council of the EU said on Tuesday. The Swedish presidencyR... #RussianAssetsConfiscation #UkraineReconstruction #UlfKristersson
