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Frozen Russian Assets

All articles tagged with #frozen russian assets

world1 month ago•6 min saved

EU unveils €90B Ukraine loan to fuel war effort

The European Commission proposed a €90 billion, two-year, interest-free loan to Ukraine to stave off financial collapse as it fights Russia, with about one-third for normal budgets and the rest for defense; it would be financed by EU joint debt, allow Ukraine to buy foreign weapons if needed with EU defense firms favored, and tie repayments to post-war reparations or frozen Russian assets, though several member states balk at participation; disbursements could start in April to unlock IMF support as U.S. aid wanes.

via politico.eu|

#defense-spending #eu-loan #european-union

world2 months ago•3 min saved

EU Leaders Converge to Decide on Ukraine Support Amid Rising Tensions

EU leaders are preparing for a high-stakes summit to decide on using frozen Russian assets to fund Ukraine's economic and military needs, proposing a controversial 90 billion-euro reparations loan with potential legal and diplomatic challenges, amid disagreements among member states about the best approach and concerns over trust and legal implications.

via PBS|

#eu-summit #european-union #frozen-russian-assets

world2 months ago•3 min saved

EU Leaders Gear Up for Critical Ukraine Support Summit

EU leaders are preparing to take unprecedented steps at a summit to use frozen Russian assets to fund Ukraine's economic and military needs, including proposing a 90 billion-euro reparations loan, amidst legal and political challenges and concerns over trust and precedents.

via AP News|

#eu-summit #european-union #frozen-russian-assets

politics3 months ago•3 min saved

Slovakia Opposes Using Frozen Russian Assets to Fund Ukraine

Slovakia's Prime Minister Robert Fico opposes the EU proposal to use frozen Russian assets to support Ukraine, arguing it would prolong the war and threaten Slovakia's energy security, with other countries like Belgium also resisting the plan.

via Kyiv Post|

#eu-plan #frozen-russian-assets #politics

politics1 year ago•9 min saved

"Lawmakers Explore Alternatives to Secure Ukraine Aid Amid Congressional Gridlock"

With the deadlock over Ukraine aid in Congress, lawmakers are considering alternatives such as providing only military aid, offering loans to Ukraine, and tapping into frozen Russian assets. There is bipartisan support for continued assistance to Kyiv, but there are disagreements over the best approach. Some lawmakers argue for focusing solely on lethal military hardware, while others suggest loaning Ukraine the necessary funds. Additionally, there are discussions about using frozen Russian assets to support Ukraine's efforts. The timing and method of delivering aid to Ukraine remain uncertain, with concerns about potential delays impacting the ongoing conflict.

via New York Post |

#bipartisan-support #congress #frozen-russian-assets