Ukraine’s defense sector receives $600.6 million boost from Denmark
The deals will bolster Ukraine’s weapons production for its army, focusing on self-propelled artillery, drones, anti-tank systems, and missiles.
Browsing Tag
frozen Russian assets
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Biden approves $ 20 billion Ukraine loan backed by frozen Russian assets
This is part of a $50 billion Western loan package for Ukraine secured by revenue from frozen Russian money.
UK pledges £ 2.26 bn military loan for Ukraine, backed from frozen Russian assets proceeds
The $2.93 billion load is Britain's contribution to the G7's $50 billion support package.
FT: $ 20 bn US pledge boosts G7’s $ 50 bn loan package for Ukraine
The US aims to contribute up to $20 billion to a G7 loan for Ukraine, with repayment from profits on frozen Russian assets, as negotiations accelerate ahead of potential shifts in US aid policy post-election, FT says.
France converts € 300 million of frozen Russian assets into Caesar howitzers for Ukraine
Paris will finance 12 Caesar howitzers along with critical military hardware.
Politico: Hungary’s Orbán blocks $ 50 billion aid for Ukraine to help Trump
As Hungarian Prime Minister declares he would open "several bottles of champagne" if Trump wins in November, his actions in Brussels are threatening a crucial $50 billion loan package for Ukraine from frozen Russian assets
WP: EU invests in Ukraine’s arms sector as Europe fails to meet supply needs
The European Union is investing $440 million in Ukraine's growing arms industry, using profits from frozen Russian assets.
Umierov: Russia will feel positive news on long-range weapons on the front
Ukraine's Defense Minister also announced increased AS-90 artillery deliveries.
$ 19 billion for Ukraine: US races October deadline on Russian assets
By 20 October, the Biden administration must unveil a comprehensive report on Russian assets within US jurisdiction—a sum now revealed to be a staggering $19 billion, not the previously reported $5 billion. This dramatic increase could significantly bolster potential aid to Ukraine.
EU pledges $39 billion loan to Ukraine for economic and infrastructure recovery
In Kyiv, von der Leyen announced a $39 billion loan package for Ukraine's reconstruction and power grid repairs, backed by frozen Russian assets.
EU funds Ukrainian defense industry with €400 million from frozen Russian asset proceeds
Denmark facilitated joint EU-Danish funding for Bohdana artillery production, as per EU Ambassador Mathernová.
EU allocates part of the proceeds from frozen Russian assets for Ukraine’s humanitarian needs
Ursula von der Leyen said that EUR 160 million from the revenue generated by Russian frozen assets will be directed toward Ukraine's energy sector this winter.
Budget crunch: Will Germany keep supporting Ukraine?
One of Ukraine's strongest allies has imposed a spending cap despite Ukraine's ongoing offensive in Russia's Kursk Oblast, fearing the surge of far-right parties in coming elections. But experts warn, "If Russia wins, we'd need to find much, much more in Germany's budget.''
Frozen Russian asset proceeds to supply Ukraine with ammo via Czech initiative
A portion of frozen Russian assets in the EU will fund ammunition supplies to Ukraine within the Czech ammunition initiative, the Czech Defense Minister says.
Ukraine punches above its weight, destroying $ 98.7 bn of Russian military equipment
The $300 billion in frozen Russian assets could be the game-changer Ukraine needs to expand its already impressive feat of Russian armor with smaller resources
How Ukraine could spend $ 300bn in frozen Russian assets to win the war
The confiscation of $300 billion in Russian assets would allow Ukraine to invest in long-term defense contracts, ensuring a steady supply of weapons and equipment critical to Ukraine's victory over Russia.
“Now we make Russia pay”: EU to transfer first $ 1.6 bn in frozen Russian assets to Ukraine
The $1.6 billion in revenue from immobilized Russian assets will be allocated with 90% directed towards defense and 10% towards reconstruction efforts, as announced by European Commission President Ursula von der Leyen at the Ukraine Recovery Conference 2024.
Biden, Macron agree on using frozen Russian asset profits to aid Ukraine
Group of Seven nations (G7) and the European Union (EU) are considering using profits from almost $300 billion frozen Russian assets to provide Ukraine with a substantial up-front loan, estimated at $2.6-$3.7 billion annually, and secure its financing through 2025.
FT: G7 finance ministers back plan to use Russian assets to finance Ukraine
G7 finance ministers have backed the idea of issuing a loan to Ukraine, secured by profits on frozen Russian assets, in an effort to secure financing for Kyiv beyond 2024.
Politico: Zelenskyy eyeing D-Day, G7 to rally more Western support against Russia
Zelenskyy aims to attend D-Day commemoration in France and G7 meeting in Italy to plead for increased military support and seizure of Russian assets, according to Politico.