Berlin says weapon shortages, not finances, hinder timely Ukraine aid
Germany is continuously assessing additional military support options and encourages its partner nations to conduct similar reviews.
Browsing Tag
Russian assets
27 posts
FM Syhiba and EU counterpart talk about progress on €35bn loan at expense of Russian assets
This financial assistance package, agreed upon by the EU Council, forms part of a larger loan initiative by the G7 nations.
Dutch banks release € 560 million in Russian assets amid sanction loopholes
The value of frozen assets had decreased by over sixfold from the initial estimates.
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.
Dombrovskis: Ukraine may receive first €1,5 billion tranche of frozen Russian assets soon
Overall, the European Commission expects to mobilize up to €3 billion from frozen Russian assets in 2024.
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.
EU aims to send €3bn annually for Ukraine from frozen Russian assets profit
The first payment could be made as early as July 2024.
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.
Bloomberg: G7, EU discuss using $250 billion frozen Russian assets for Ukraine rebuild
The G7 and the European Union are exploring a plan to leverage over $250 billion in frozen Russian central bank assets to finance Ukraine's post-war reconstruction, sources tell Bloomberg. The strategy includes issuing debt against these assets, with discussions still at a technical level.
German prosecutors break new ground with request to seize Russian entity’s €720 million
Germany's Chief Federal Prosecutor takes a historic move to seize €720 million in Russian assets held by a Moscow exchange subsidiary in a German bank account. This comes in response to a company's attempt to hide funds, signaling a major shift from asset freezing.
G7 nations lean towards seizing Russian assets
The U.S., initially hesitant, now assures G7 allies it can legally seize Russian assets.
UK foreign secretary urges use of $350 bn frozen Russian assets for Ukraine’s reconstruction
UK Foreign Secretary David Cameron said there is a strong argument for seizing frozen Russian assets worth nearly…
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.
EU parliament backs €50 billion for Ukraine’s recovery
The EU Parliament greenlights €50 billion for Ukraine's recovery, emphasizing urgent adoption, democratic accountability, and proposing Russian assets fund reconstruction, aiming to modernize the nation by 2027.
Belgium commits €1.7 billion for Ukrainian aid from taxed frozen Russian assets
Belgium commits €1.7 billion for Ukraine's assistance, drawing from taxed frozen Russian assets. The EU and G7 explore taxing immobilized Russian sovereign assets, while Belgium works on banning Russian diamonds from its markets.
Ukraine eyes grounded Russian cargo planes in Canada, Germany as asset seizures stall
Antonov Airlines seeks to expand its NATO cargo fleet with 4 seized Russian planes worth over $240 million, but confiscation obstacles persist despite Canada's precedent.
EU fumbles frozen Russian billions, risks own budgets
The EU risks finding itself in a situation where the restoration of Ukraine will be paid not by the guilty party -- the Russian government and oligarchs -- but by European taxpayers.
Making the Kremlin pay: five steps for Ukraine and the world to seize Russian assets
Do Russian assets constitute a potential source of compensation for damages and losses incurred in Ukraine? In our…
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,…