EU to support Ukraine's defense industry with over $2 billion from Russian assets
About $1.1 billion will directly support Ukraine's defense industry following the "Danish model," the EU's ambassador to Ukraine announced.
Russian assets
Russia seeks sanctions relief, resource deal with US via negotiator Dmitriev, Zelensky says
"The scheme looks like it all leads to the unblocking of economic relations. They (Russia) want, for example, the lifting of sanctions against specific people who will be behind this or that direction, for example, Russian minerals, which they will offer them (the U.S.)," President Volodymyr Zelensky said.
US senators push Trump administration to seize Russian assets for Ukraine, Reuters reports
In a letter to Secretary of State Marco Rubio seen by Reuters on March 24, senators questioned the administration’s willingness to use all available financial tools to pressure Russia into ending its war against Ukraine.
EU should keep frozen Russian assets until reparations paid even if US returns funds, commissioner says
"G7 decision that those assets are not going back to Russia unless Russia pays for its damages is something which is already decided. And it's important to stick with this decision," EU Economy and Trade Commissioner Valdis Dombrovskis said.
UK, EU to discuss confiscating Russian assets ahead of Ukraine peace talks, Bloomberg reports
Negotiations will focus on establishing the legal and financial framework to seize Russian assets, despite opposition from some EU member states, particularly Belgium and Germany.
Ukraine receives $1.7 billion from Canada under G7 loan covered by Russian assets
Ukraine has received the first tranche of 2.5 billion Canadian dollars (about $1.7 billion) from Ottawa under the G7's Extraordinary Revenue Acceleration (ERA) initiative.
French National Assembly backs resolution on seizing Russian assets
The resolution, which carries symbolic significance, urges the European Union, NATO, and allied nations to boost political, economic, and military aid for Ukraine.
Lammy vows to unfreeze billions for Ukraine from Russian oligarch's Chelsea FC sale
"I’m frustrated that it hasn’t happened, is the truth — and that money needs to be distributed, it needs to be used," U.K. Foreign Minister David Lammy said on March 9.
France to provide $211 million in military aid to Ukraine backed by frozen Russian assets
France will provide Ukraine with 195 million euros ($211 million) in military aid using the interest accrued from frozen Russian assets, French Defense Minister Sebastien Lecornu told La Tribune in an interview published March 8.
Europe’s major powers consider seizing frozen Russian assets in ceasefire talks, FT reports
While Berlin and Paris had previously resisted full asset confiscation, they are now engaging in talks with European and G7 partners about potential mechanisms to use the funds.
No consensus among EU states on giving frozen Russian assets to Ukraine, Tusk says
"There are fears of negative consequences for the euro and the banking system," Polish Prime Minister Donald Tusk said on March 2.
UK to provide $2.8 billion loan to Ukraine backed by frozen Russian assets
The loan, which is part of the Group of Seven's (G7) Extraordinary Revenue Acceleration (ERA) credit initiative, was signed amid President Volodymyr Zelensky's visit to London to meet with U.K. Prime Minister Keir Starmer.
Europe is sitting on Russia's $198 billion. Giving it all to Ukraine is tricky
Europe has been left scrambling to find ways to boost defense spending and continue the flow of support to Ukraine after U.S. President Donald Trump made clear the continent won't be able to rely on Washington for its long-term security needs. The latest reports suggest that EU officials are
EU considers confiscating part of Russia’s frozen $280 billion, Bloomberg reports
The European Union is discussing how to seize Russia’s frozen central bank assets to provide financial and military aid to Ukraine, as concerns grow that the United States may scale back its support.
Ukraine war latest: Russia wants to declare 'victory' over Ukraine on Feb. 24, Ukrainian intel claims
Key developments on Feb. 21: * Russia wants to declare 'victory' over Ukraine on Feb. 24, Ukrainian intel claims * Zelensky is not 'important' to negotiations on ending war, Trump says * 'No appetite' for new Ukraine aid bill, US House speaker says * Trump's envoy Kellogg praises Zelensky as 'courageous leader' after talks
Russia may offer frozen assets for Ukraine's reconstruction, demand funds for occupied territories, Reuters reports
According to Reuters, one source familiar with Moscow discussions said Russia could agree to allocate up to two-thirds of frozen assets for Ukraine's reconstruction, provided accountability guarantees.
Tusk proposes 3-point plan to strengthen Ukraine, European security
The EU must fund Ukraine with frozen Russian assets, strengthen borders, and boost defense spending, Polish Prime Minister Donald Tusk said on Feb. 20.
Russia to expand seizure of foreign assets, Reuters reports
A draft law approved this week by the Russian government's legislative commission lays out the procedure for seizing foreign property in retaliation for freezing Russian assets abroad.
Trump administration suspends task force targeting assets of Russian oligarchs
The U.S. Justice Department is shutting down a program that sanctioned Kremlin-linked oligarchs, launched in 2022, Attorney General Pam Bondi announced on Feb. 5.
Euroclear to send 2-billion-euro tranche of Russian assets profits for Kyiv
Belgian clearing house Euroclear said in a statement on Feb. 5 that the second payment is expected to be made in March and should amount to approximately 2 billion euros.
Justice Ministry seeks to confiscate Russian oil company Tatneft's assets in Ukraine
The Justice Ministry has requested the Supreme Anti-Corruption Court to confiscate the assets of the Russian oil company Tatneft in Ukraine, Deputy Minister Iryna Bogatyk announced on Jan. 27.
EU to allocate $36 billion of financial support to Ukraine
The European Union will provide 35 billion euros ($36 billion) in financial assistance to Ukraine in 2025 through the G7 ERA credit initiative and the Ukraine Facility program, European Commission's vice-president and trade commissioner announced on Jan. 22.
Biden team seeks European support to leverage frozen Russian assets in talks with Moscow, CNN reports
The strategy reportedly aims to pressure Moscow by signaling the funds could only be reclaimed through negotiations with Ukraine.
Ukraine mulls buying Italian air defenses with frozen Russian assets' proceeds
Kyiv and Rome are discussing the possibility of purchasing Italian-made air defense systems and ammunition using profits from immobilized Russian assets, the Ukrainian Defense Ministry said on Jan. 11.
EU provides Ukraine with $3 billion, first tranche of loans from bloc backed by Russian frozen assets
"This is the first tranche of funds from the European Union, secured through income from frozen Russian assets," Prime Minister Denys Shmyhal said.
Zelensky offered to buy weapons from incoming Trump administration with frozen Russian assets
President Volodymyr Zelensky previously offered U.S. President-elect Donald Trump for Ukraine to buy American weapons at the expense of $300 billion in frozen Russian assets, Zelensky revealed in an interview with American podcaster Lex Fridman published on Jan. 5.
US to send $15 billion to Ukraine using frozen Russian assets, PM says
The United States will provide Ukraine with $15 billion, backed by future revenues from frozen Russian assets, Ukrainian Prime Minister Denys Shmyhal announced on Dec. 30.
Japan to transfer $3 billion from frozen Russian assets to Ukraine, Zelensky says
In a phone call with Japanese Prime Minister Shigeru Ishiba, Zelensky expressed his gratitude for Japan's previous aid to Ukraine, which has totaled $12 billion and "makes it possible to save thousands of lives."
Ukraine receives first $1 billion as part of US batch of frozen Russian assets profits
This is the first tranche of the planned $20 billion that the U.S. intends to provide as part of the G7 initiative.
Russian embassy condemns UK plan to use frozen Russian assets for Ukraine aid
The Russian embassy in London criticized the U.K.'s plan to transfer more than two billion pounds ($2.5 billion) to Ukraine using frozen Russian assets, calling it a "fraudulent scheme."
Ukraine war latest: Russian An-72 military transport plane damaged in blast near Moscow, Ukraine's intel claims
Key developments on Dec. 20: * Russian An-72 military transport plane damaged in blast near Moscow, Ukraine's intel claims * Fire, casualties reported in Kyiv amid Russian missile attack * Ukraine charges Russian general with killing Reuters employee in Kramatorsk * Russia captures 'Uspenivka pocket,' Ukraine denies reports of failed breakout * Ukraine begins
World Bank approves over $2 billion in funds for Ukraine
The funding includes a $1 billion grant from the new $20 billion U.S. loan backed by frozen Russian assets. Another $1.05 billion is supported by the U.K. and Japan.
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