Ukraine needs aid, not arm deals
Ukraine is about to receive billions in aid—but may not get to decide how to spend it.
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Euroclear
14 posts
The money Ukraine can actually use from Russian assets is vanishing while Belgium blocks €193bn
Dwindling interest rates slash Ukraine's accessible share. Meanwhile, Belgium raked in €1.7 billion in taxes on keeping those assets frozen.
Frozen billions, frozen will: Belgium stops Europe’s Russian assets plan cold
Brussels won’t share. Belgium won’t pay alone. Ukraine waits.
Frozen assets, hot politics: How Brussels fell for its own fear fantasy
Brussels holds €183 billion in frozen Russian assets—and Belgium wants guarantees before Ukraine can use them.
WSJ: EU sees a trap in Trump’s Russia demands for Europe — and some fear it’s meant to fail on purpose
Diplomats believe the US President is creating impossible conditions to avoid action on Moscow.
Politico: EU eyes riskier investments for frozen Russian funds to support Ukraine
The European Commission may shift nearly €200 billion into higher-yield options to bolster aid without breaching legal boundaries.
Europe is about to take € 3 billion of Russia’s frozen assets. Not for Ukraine—for themselves
For three years, Brussels insisted seizing Russian money was impossible. Turns out it’s not.
European legislators urge Belgium to seize € 250 bn in frozen Russian assets
59 MEPs, EU MPs, and three Ukrainian legislators signed an open letter to King Philippe, urging him to support transferring the assets directly to Ukraine.
European powers shift stance on frozen Russian asset seizure
France, Germany, and UK are moving toward seizing the frozen Russian Central Bank assets to Ukraine for military support if Russia violates a ceasefire.
FT: EU eyes Belgian king as Hungary threatens to block Russia sanctions renewal
A royal WWII decree is considered a fallback option to retain Russia’s frozen €190 bn in the EU if pro-Russian Budapest vetoes sanctions renewal.
Euroclear to transfer € 1.55 billion to Ukraine fund from frozen Russian assets in July 2024
In addition to the significant transfer to the Ukraine fund, Euroclear will pay Belgium €836 million in corporate taxes from the profits of sanctioned Russian assets for the first half of 2024.
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.
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
FT: US proposes debt to fund Ukraine using profits from Russian assets
The US hopes that the idea could generate tens of billions dollars for Ukraine.