In a first, EU transfers €1.5 billion to Ukraine using Russia’s frozen assets
The transfer is the first of its kind under the novel scheme based on Russia’s immobilised assets, estimated to be worth €210 billion across the bloc.
immobilised assets
EU bypasses Hungary to send €1.4 billion in military and industrial aid to Ukraine, Borrell says
Western allies have vowed to provide Kyiv with the extraordinary revenues earned from Russia’s immobilised assets.
EU foreign ministers try to bypass Hungary’s veto on military aid to Ukraine
Brussels will soon collect €1.4 billion from Russia’s immobilised assets.
Eurozone finance ministers back G7 push on Russian frozen assets, but legal questions remain
Eurozone finance ministers gave their political backing on Wednesday (5 May) to a G7 plan to provide loans to Ukraine by using windfall profits generated from Russian assets, which they are ready to discuss after a G7 leaders’ summit later in June.
EU Commission tables first step on tapping into frozen Russian funds for Ukraine
The European Commission proposed on Tuesday (12 December) blocking all profits from the sanctioned Russian sovereign assets in the EU into separate accounts, in the first step towards making use of them to finance Ukraine’s reconstruction.