No Russian assets profits for Ukraine aid, says Switzerland
In contrast, the EU has allocated €1.5 billion from frozen Russian asset profits to support Ukraine's defense and reconstruction efforts.
Browsing Tag
confiscation of Russian assets
20 posts
Seizing Russian assets for Ukraine: a no-nonsense guide
Confused about why Ukraine can’t just grab Russian frozen assets to fund its fight? We’ve got you covered, from Euroclear to REPO Act.
No other option: Russian wealth must fund Ukraine’s fight
Unless all frozen Russian assets are confiscated and given to Ukraine, Ukraine will lose the war, and the cost for the West will be much higher.
G-7 may utilize frozen Russian asset revenues for a $50 billion aid package for Ukraine
Bloomberg reports, referring to its source, that the US is in negotiations with G7 to provide $50 billion in aid to Ukraine, with the massive outlay being repaid with the windfall profits from sovereign Russian asset.
WSJ: Germany opposes seizing Russian assets, fearing WWII-era reparations
The U.S. and U.K. say commandeering Russian assets is crucial for Ukraine's victory, but Europe remains divided.
Russia must pay: US paves way for historic confiscation of $ 300bn in reparations for Ukraine
The ball is now in the EU's court, as the confiscation of Russian assets becomes a matter of political will
US Congress paves the way for the confiscation of frozen Russian assets
Congress became the first among G7 parliaments to adopt the legislature allowing the confiscation of Russian assets.
G7 ministers fail to agree on Russian asset use for Ukraine aid
Lagarde said it was not possible to transition from freezing assets to potentially confiscating and reallocating them, a process she described as fraught with legal peril.
Ukrainian MP urges UK to use frozen Russian assets to support war effort
Rudyk argued that utilizing these funds would not only relieve the burden on taxpayers but also hold Putin accountable.
EU aims to send €3bn annually for Ukraine from frozen Russian assets profit
The first payment could be made as early as July 2024.
EU aims to fast-track up to €3 billion for Ukraine from frozen Russian assets this July
The European Union is embarking on a initiative to expedite the release of up to €3 billion in funding for Ukraine, generated from frozen Russian assets.
British foreign secretary proposes to loan all frozen Russian assets in UK to Ukraine
The plan could provide funds for arms & budgets if US aid stalls, though it may be "more radical than proposals discussed in the European Union," the Guardian reports.
US transfers nearly $500,000 in forfeited Russian funds to Estonia for benefit of Ukraine
The US Department of Justice has transferred nearly $500,000 in forfeited Russian assets to Estonia, earmarked for the restoration of Ukraine's energy infrastructure.
FT: G7 working groups explore options to confiscate Russian assets
The US has proposed G7 working groups study ways to confiscate $300 billion in frozen Russian assets and use them to support Ukraine before the February 24 invasion anniversary.
Four reasons the West should finally seize Russia’s frozen assets for Ukraine
Not only is it legally sound, it will discourage authoritarian countries from launching wars. And if countries act in unison, this step will not destabilize Western economies, a new report says.
Ukraine to strip old Russian MiGs to repair own jets
The seven obolete MiG-25s are part of a package of 800 movable Russian assets Ukraine decided to confiscate after intensive legal paperwork
Ukraine’s asset confiscation agency’s new head castigated by civil society, Transparency International
Olena Duma, the former deputy head of the Chernihiv Oblast State Administration, has won the contest to head…
US Congress proposes to freeze Russia’s Central Bank assets to rebuild Ukraine: why it matters
On 15 June 2023, a bipartisan group of US senators introduced a draft act known as the Rebuilding…
Canada to confiscate huge Russian cargo plane, hand it to Ukraine: Trudeau
Ukraine will receive a confiscated huge Russian cargo jet, the An-124 that was arrested in Canada last spring,…
The $ 300 billion question: Why the West does not confiscate Russian frozen assets despite Ukraine war
At the beginning of the Russo-Ukrainian war, the EU and US imposed several packages of sanctions on Russia,…