russianfrozenassets
Hungary is holding up legislation that would allow the European Union to send billions of dollars in profits from frozen Russian assets for Ukrainian aid, the Financial Times reported. In March, the European Commission submitted a proposal on using 90% of the generated funds from the frozen assets to purchase weapons for Ukraine and allocate the remaining 10% to the EU budget to support the country's defense industry. After many weeks of debates, EU ambassadors reached a political agreement on the proposal on May 8. But Hungary's envoy is preventing legislation that would allow payments to be ...
Kyiv Independent
Hungary is holding up legislation that would allow the European Union to send billions of dollars in profits from frozen Russian assets for Ukrainian aid, the Financial Times reported. In March, the European Commission submitted a proposal on using 90% of the generated funds from the frozen assets to purchase weapons for Ukraine and allocate the remaining 10% to the EU budget to support the country's defense industry. After many weeks of debates, EU ambassadors reached a political agreement on the proposal on May 8. But Hungary's envoy is preventing legislation that would allow payments to be ...
Kyiv Independent (CA)
Hungary is holding up legislation that would allow the European Union to send billions of dollars in profits from frozen Russian assets for Ukrainian aid, the Financial Times reported. In March, the European Commission submitted a proposal on using 90% of the generated funds from the frozen assets to purchase weapons for Ukraine and allocate the remaining 10% to the EU budget to support the country's defense industry. After many weeks of debates, EU ambassadors reached a political agreement on the proposal on May 8. But Hungary's envoy is preventing legislation that would allow payments to be ...
Kyiv Independent (UK)
The G7 finance ministers on May 25 announced "progress" but no concrete deal on how to use future income from frozen Russian assets to help Ukraine, according to a draft statement seen by Reuters and AFP. "We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign assets to the benefit of Ukraine," the draft statement to Ukraine per year. Ukraine's Justice Minister Denys Maliuska said that while it is a "good step," the figure is "almost nothing" in the context of the full-scale war. It is unclear what t...
Kyiv Independent
The G7 finance ministers on May 25 announced "progress" but no concrete deal on how to use future income from frozen Russian assets to help Ukraine, according to a draft statement seen by Reuters and AFP. "We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign assets to the benefit of Ukraine," the draft statement to Ukraine per year. Ukraine's Justice Minister Denys Maliuska said that while it is a "good step," the figure is "almost nothing" in the context of the full-scale war. It is unclear what t...
Kyiv Independent (UK)
The G7 finance ministers on May 25 announced "progress" but no concrete deal on how to use future income from frozen Russian assets to help Ukraine, according to a draft statement seen by Reuters and AFP. "We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign assets to the benefit of Ukraine," the draft statement to Ukraine per year. Ukraine's Justice Minister Denys Maliuska said that while it is a "good step," the figure is "almost nothing" in the context of the full-scale war. It is unclear what t...
Kyiv Independent (CA)
The finance ministers of the Group of Seven countries (G7) will support an EU plan to use the revenue from frozen Russian assets to fund Ukraine, Reuters reported on May 16, citing an unnamed Italian treasury official. The ministers are set to meet on May 24, where they will work out the details to come to a final decision before a summit in Italy in June. Ukraine's Western partners and other allies froze around $300 billion in Russian assets at the start of the full-scale invasion in 2022. Roughly two-thirds are held in the Belgium-based financial services company Euroclear. While the U.S. pr...
Kyiv Independent (UK)
The finance ministers of the Group of Seven countries (G7) will support an EU plan to use the revenue from frozen Russian assets to fund Ukraine, Reuters reported on May 16, citing an unnamed Italian treasury official. The ministers are set to meet on May 24, where they will work out the details to come to a final decision before a summit in Italy in June. Ukraine's Western partners and other allies froze around $300 billion in Russian assets at the start of the full-scale invasion in 2022. Roughly two-thirds are held in the Belgium-based financial services company Euroclear. While the U.S. pr...
Kyiv Independent
The finance ministers of the Group of Seven countries (G7) will support an EU plan to use the revenue from frozen Russian assets to fund Ukraine, Reuters reported on May 16, citing an unnamed Italian treasury official. The ministers are set to meet on May 24, where they will work out the details to come to a final decision before a summit in Italy in June. Ukraine's Western partners and other allies froze around $300 billion in Russian assets at the start of the full-scale invasion in 2022. Roughly two-thirds are held in the Belgium-based financial services company Euroclear. While the U.S. pr...
Kyiv Independent (CA)
The United States is leading talks among the Group of Seven (G7) nations to develop a military aid package to Ukraine worth up to $50 billion, Bloomberg reported on May 3. The potential package would reportedly be funded by the profits generated by accrued interest on frozen Russian assets. Western countries and Kyiv's other partners have immobilized around $300 billion of Russian assets in response to the full-scale invasion of Ukraine, with around $5 billion held in the U.S. The frozen Russian assets, which are predominantly held within the European Union, will generate approximately 5 billi...
Kyiv Independent (CA)
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