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 #PeterSzijjártó #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
The G7 officially announced a $50B loan secured by Russian assets for Ukraine. Following the summit, the G7 leaders adopted a declaration outlining the details of the mechanism through which Ukraine will receive up to $50B in aid secured by frozen Russian assets. The leaders of ... #G7 #LoansForUkraine #ReparationsForUkraine #RussianAssetsProfits #SerhiyMarchenko #UkraineBudget
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 will create a fund for Ukraine using income from frozen Russian assets. Nikkei reported that the G7 plans to create a new fund to support Ukraine through grants, using future income from frozen Russian assets. The World Bank will administer the fund and be funded by contr... #Euroclear #G7 #RussianAssets #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
The EU is discussing using funds from the bloc’s budget to guarantee a loan to Ukraine but is leaning toward the US proposal. The European Commission is deliberating the use of future interest from frozen Russian assets to fund a multi-billion-dollar loan to Ukraine and guaranteeing this money through a seven-year EU budge... #G7 #LoansForUkraine #RussianAssets #RussianAssetsProfits #SupportUkraine #UkraineBudget2024
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
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
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 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 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
Ukraine has proposed three initiatives to attract EU funds to strengthen its defense industry. Minister of Strategic Industry Oleksandr Kamyshin said that Ukraine seeks to attract additional funds from the EU to strengthen its arms industry and implement additional production facilities unrelat... #AlexanderKamyshin #DefenseIndustryUkraine #EDIP #EuropeanPeaceFund #RussianAssetsProfits #WeaponsProduction
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 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
