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.
Russian assets
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.
Ukraine war latest: US announces $20 billion loan for Ukraine as part of G7 initiative
Key developments on Dec. 10: * US announces $20 billion loan for Ukraine as part of G7 initiative * Zelensky announces 'successful tests' of new Ukrainian missile * 70% of Ukrainians support 'West German' model for NATO accession, survey shows * Explosions heard in occupied Donetsk Oblast city, Russian proxies announce evacuation * Confusion over
US announces $20 billion loan for Ukraine as part of G7 initiative
The U.S. Treasury Department announced on Dec. 10 that it will provide $20 billion in loan assistance to Ukraine, marking its contribution to a broader $50 billion initiative supported by G7 countries.
Blinken confirms Ukraine to receive $50 billion transfer from frozen Russian assets
U.S. Secretary of State Antony Blinken confirmed during a briefing that the transfer is part of a coordinated effort between the U.S. and EU to support Ukraine.
Ukraine, EU sign agreement on up to 35 billion euro loan covered by Russian assets revenue
Ukraine's Finance Ministry and the EU signed a memorandum and an agreement to attract up to 35 billion euros ($36.7 billion) as part of the G7 loan, the ministry said on Dec. 4.
Frozen Russian assets face uncertain future under Trump
There are some $4-5 billion of frozen Russian assets in the U.S. and it will be up to President-elect Donald Trump to decide what to do with them when he takes office in January 2025. After Russia’s full-scale invasion of Ukraine, Western nations froze around $300 billion of
G7 to provide Ukraine $50 billion in loans backed by frozen Russian assets
"Our aim is to begin disbursing the funds by the end of the year," G7 leaders announced on Oct. 25. The loan will support Ukraine's economic, defense, and reconstruction needs.
US to provide $20 billion loan to Ukraine as part of G7 pledge
Daleep Singh, the White House deputy national security adviser on international economics, said that Joe Biden's administration intends to split the funds between helping the Ukrainian economy and the military.
G7 plans to keep Russian assets frozen after war in Ukraine ends, Nikkei reports
G7 leaders will issue a joint statement in October saying that "Russia's sovereign assets will remain immobilized until Russia ends its aggression and pays for the damage it has caused to Ukraine," according to the draft prepared by this year's chair, Italy.
UK to provide Ukraine with $2.9 billion military loan, to be repaid with proceeds from frozen Russian assets
The loan will be allocated to Ukraine's military spendings. Kyiv will be able to invest in key equipment to fight Russia, such as artillery, air defense, and wider equipment support.
European Council says Russian assets should remain frozen until end of war, payment of reparations
The European Council reiterated it would adhere to the "security and defense policy" of "certain member states" regarding the use of revenues generated from the frozen assets, and added it would continue to "address all relevant legal and financial aspects."
EU allocates over $100 million from Russian frozen assets to support Ukraine in winter
"Russia must pay for the destruction it caused," von der Leyen said.
Russian oligarchs, financial company lose appeal against EU sanctions
Russian oligarchs Gennady Timchenko and Mikhail Fridman and Russia's National Settlement Depository on Sept. 11 lost their appeal against EU sanctions imposed against them.
Czechia to use frozen Russian assets profits to fund ammunition for Ukraine
"This is another evidence of the allied trust in Czechia and our ammunition initiative. It is a unique opportunity to support Ukraine while using assets originally belonging to Russia and saving on public finances of European countries," Czech Defense Minister Jana Cernochova said.
Germany likely won't approve additional military aid to Ukraine this year, media reports
According to FAZ, Ukraine will receive previously approved assistance, but additional requests from the German Defense Ministry will not be supported.
EU transfers Ukraine $1.6 billion of proceeds from frozen Russian assets
"There is no better symbol or use for the Kremlin's money than to make Ukraine and all of Europe a safer place to live," said European Commission President Ursula von der Leyen.
G7 to finalize plan by October on $50 billion loan for Ukraine backed by Russian assets revenue
The Group of Seven (G7) will likely finalize a framework agreement for a $50 billion loan for Ukraine backed by frozen Russian assets revenue by October, EU Economic Commissioner Paolo Gentiloni said on July 25.
Ukraine to receive $1.5 billion in frozen Russian assets in August, Borrell says
The European Union's top diplomat, Josep Borrell, announced on July 22 that Ukraine is expected to receive the first transfer of $1.5 billion in payments from Russian frozen assets at the beginning of August.
Japan to reportedly cover $3.3 billion of G7 loan to Ukraine
The sum, which Ukraine hopes to receive by the end of the year before a potential return of Donald Trump to the White House, includes a $20-billion pledge by the U.S. and the EU each, Kyodo News wrote.
Saudi Arabia issued vague threats to G7 against seizing frozen Russian assets, Bloomberg reports
Saudi officials reportedly made "veiled threats" to Group of Seven (G7) nations hinting that the kingdom would sell some European debt holdings if Western allies seized about $300 billion in frozen Russian assets, Bloomberg reported on July 9, citing its sources.
Polish foreign minister proposes seizing $321 billion in frozen Russian assets
"We need to re-learn how to champion the escalation game," Sikorsky said during a lecture at the Ditchley Foundation in the U.K. "(Russian dictator Vladimir) Putin has already written them (the frozen assets) off, he does not expect to get them back. But he also doesn’t think we have the fortitude to take hold of them either. So far, we have proven him right."
Ukraine to receive profits from Russia's frozen assets in 2 tranches starting next week, Borrell says
"We have a process in order to make this work quickly. The first tranche of money will come next week, in July. The second will come some months later," Josep Borrell said during the press briefing in Luxembourg.
EU devises workaround for possible Hungary veto of funds for Ukraine, FT reports
The EU has developed a legal workaround to prevent Hungary vetoing a move to use profits from frozen Russian assets to aid Ukraine, the Financial Times reported on June 24.
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