The EU will direct 90% of the revenue from frozen Russian assets to help Kyiv. Chancellor Olaf Scholz said on Monday that around 90% of the revenues generated from Russian assets frozen in the EU should be spent on arms purchases for Ukraine to boost its defensive capabilities. ... #Euroclear #JosepBorrell #OlafScholz #RussianAssets #RussianAssetsProfits #WeaponsforUkraine
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 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 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 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
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 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 US supports issuing $50B in bonds backed by frozen Russian assets. The US has proposed to the G7 countries the creation of a special-purpose vehicle to issue at least $50B in bonds backed by the profits generated by frozen Russian sovereign assets and use the proceed... #Bonds #RussianAssets #RussianAssetsProfits #SupportUkraine #WarinUkraine
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 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
Ukraine expects to receive $4B from Russian assets frozen in the G7 countries and the EU. According to Deputy Minister of Justice Iryna Mudra, Ukraine can receive $15-18B over the course of four years, including about $4B this year. “There is moderate optimism that the EU Council wil... #Euroclear #IrynaMudra #ReparationsForUkraine #RussianAssets #RussianAssetsProfits #RussianCentralBank
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
