Parliament approves EU loan of up to โฌ35 billion to Ukraine
It’s part of a broader G7 initiative to support Ukraineโs war-battered economy.
Russian frozen assets
EU envoys approve up to โฌ35 billion for Ukraine, bypassing Hungary
The agreement helps bypass Hungary’s refusal to extend the renewal period for the regime holding Russian frozen assets from six to 36 months.
EUโs โฌ35 billion loan for Ukraine likely deadlocked until US elections
The prolongation of the sanctions rollover period is a key factor in determining several Western countriesโ participation in a $50 billion G7 loan package for Ukraine.
Hungary won’t agree to change sanctions on Russian frozen assets until US elections
Hungary won’t agree to change sanctions on Russian frozen assets until US elections
In Kyiv, Von der Leyen pledges EU will raise โฌ35 billion loan for Ukraine
During a visit to Kyiv on Friday (20 September), European Commission President Ursula von der Leyen announced a โฌ35 billion EU loan to Ukraine as part of a G7 deal to raise $50 billion backed by windfall profits from frozen Russian assets.
European Commission presents member states sanctions renewal options to unlock Russian frozen assets deal
The European Commission on Friday (13 September) presented member states with options for extending the timeframe of the bloc’s sanction regime against Russia to unblock a Russian frozen assets deal for Ukraine. However, an agreement on the matter loo…
Czechia will use part of Russian frozen assets profits to fund Ukraineโs ammunition
The European Union has officially tasked Czechia to use revenues from frozen Russian assets to fund the next ammunition supply for Ukraine, Czech Defence Minister Jana ฤernochovรก said on Tuesday (20 August).
EU finds legal way to circumvent Hungarian veto on Ukraine support from frozen Russian assets
EU member states approved on Monday (24 June) a decision to use โฌ1.4 billion in revenue from frozen Russian assets to send military support to Ukraine, after finding a legal way to circumvent a Hungarian veto.
EU approves up to โฌ1.4B military aid to Ukraine from Russian frozen assets
The money will be used for direct purchases of kit like ammunition and aerial defense systems.
G7 leaders strike โprovisionalโ deal on $50 billion Russian frozen assets loan to Ukraine
G7 negotiators agreed on Thursday (13 June) on a loan plan based on the size of their economies to provide Ukraine with about $50 billion in aid, expected to start flowing by the end of the year, according to people familiar with the matter.
G7 leaders expected to agree Russian frozen assets funding deal for Ukraine
G7 leaders are set to reach a political agreement to provide Ukraine with $50 billion of financial aid using the windfall profits generated by frozen Russian central bank assets, according to several people with knowledge of the matter. Technical detai…
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 countries vent anger at Hungaryโs blockages of Ukraine aid decisions
EU foreign ministers meeting on Monday (27 May) vented their anger with Hungary’s “pattern of behaviour” which increasingly often blocks EU foreign policy decisions and prevents progress on crucial military aid for Ukraine.
Yellen urges โmore ambitiousโ G7 plans for Russian assets
Stresa, Italy, May 23, 2024 (AFP) – US Treasury Secretary Janet Yellen on Thursday urged G7 ministers meeting in Italy to work on “more ambitious options” to use frozen Russian assets to help Ukraine.The ministers and central bankers from the Group of …
EU paves way for using windfall profits from Russian frozen assets to arm Ukraine
EU ambassadors struck a political deal on Wednesday (8 May) on using windfall profits from Russian frozen assets to buy weapons for Ukraine.
Why Switzerlandโs Ukraine peace summit might struggle with no-shows concerns
In this week’s edition: Ukraine’s road to Switzerland, a look at EU’s past enlargement rounds and EU moves closer to Russian frozen assets deal.
EU to discuss compromise text on windfall profits from immobilised Russian assets next week
EU member states are converging on a compromise text to use windfall profits from immobilised Russian assets to help Ukraine shoulder the financial cost of fighting Russia as time is pressing to seal the deal before the second half of…
Council of Europe unanimously votes to use seized Russian assets to fund Ukraine reconstruction, compensation
The Parliamentary Assembly of the Council of Europe (CoE)) unanimously adopted a resolution on Tuesday (16 April) calling for frozen Russian assets to be transferred to a new fund to reconstruct Ukraine and compensate victims.
Von der Leyen wants to be a wartime president. Now she has to convince EU leaders.
Commission president wants to use a defense boost to help her get a second term.
Confiscation of Russian frozen assets: EU should not bend to Moscowโs blackmail
If the West fears that their companies in Russia would suffer reciprocal measures in case of confiscation of Russian assets, it should be advised that the total absence of rule of law in this country makes them vulnerable to expropriation anyway, write…
Why the West is losing Ukraine
U.S. Republicans blocking aid. European right-wingers pushing to abandon Kyiv. Ultra-cautious leaders. What is the Westโs real strategy on Ukraine?
EU takes a step closer to using frozen Russian assets profits for Ukraine
The EU on Monday (12 February) adopted legislation to set aside windfall profits made on frozen Russian central bank assets, in a first concrete step towards the bloc’s aim of using the money to finance Ukraine’s reconstruction.