G7 to use Russian assets for $50bn Ukraine loan: How will it work?
9 months, 2 weeks ago

G7 to use Russian assets for $50bn Ukraine loan: How will it work?

Al Jazeera  

The funds could help Ukraine defend itself against Russia. The G7 group of countries announced a plan on Thursday to use frozen Russian assets to finance a $50bn loan for Ukraine as Kyiv continues its desperate campaign to stop its bigger neighbour’s forces from advancing further, 28 months into Moscow’s war. Many Western nations froze assets of the Russian Central Bank on their territory after Russia’s 2022 invasion of Ukraine. Here’s a breakdown of most overseas Russian assets that were originally frozen in 2022, according to data from the countries’ central banks: France Japan Germany US UK Austria Canada How will the assets be used? If the frozen Russian assets fail to generate the income needed to match the loan interests — because of market fluctuations — G7 nations will again need to find alternative ways to finance the loan repayment.

Ukraine Assets Loan West Western Plan Russian Kyiv Russian Assets Frozen Russia  g7  assets  western  work  russian  loan  50bn  frozen  russia  plan  countries  ukraine

History of this topic

Should Ukraine Get $200 Bn of Seized Russian Assets? Yes, Says the Mahabharata
6 days, 13 hours ago

Should Ukraine Get $200 Bn of Seized Russian Assets? Yes, Says the Mahabharata

The Quint  

Europe is trapped in a moral hazard. Hey, wait, Europe’s holding over $200 billion of seized Russian assets — the bulk of them in Belgium. It was against international law and could undermine the confidence of other investors – for example, China, the Gulf States, India, and Brazil – in holding Sterling/Euro assets. Besides, they feared Russian retaliation, as Putin …

'An act of war': Belgian PM Wever issues stark warning on seizing frozen Russian assets
1 week, 1 day ago

'An act of war': Belgian PM Wever issues stark warning on seizing frozen Russian assets

Firstpost  

Belgian Prime Minister warned that the move to seize frozen Russian assets would carry “systemic risks to the entire financial world system” and spark retaliation from Moscow, according to a report Belgian Prime Minister Bart De Wever said late on Thursday that Europe confiscating almost €200 billion of frozen Russian assets would be “an act of war”. According to a …

Europe needs money to back Ukraine. Why is it reluctant to spend Russia’s?
1 week, 1 day ago

Europe needs money to back Ukraine. Why is it reluctant to spend Russia’s?

CNN  

Paris CNN — Three years of war in Ukraine have left Europe with a hefty bill: nearly $122 billion in direct assistance, plus billions more plowed into the continent’s militaries and defense industry. Some progress on that front was achieved last week, when the European Parliament agreed on a resolution to confiscate Russian frozen assets for Ukraine’s “defense and reconstruction.” …

The $300 billion question: What to do with Russia’s frozen central bank money?
Trending News
1 week, 4 days ago

The $300 billion question: What to do with Russia’s frozen central bank money?

Associated Press  

FRANKFURT, Germany — With U.S. support for Ukraine in doubt, Kyiv’s European allies are weighing whether to seize $300 billion in frozen Russian assets and use the money to compensate Ukraine, support its military and help rebuild shattered homes and towns. If Russian assets were seized without legal grounds, “it could pose a risk to European financial stability,” he said. …

The $300 billion Puzzle: What to do with Russia's frozen central bank money?
1 week, 4 days ago

The $300 billion Puzzle: What to do with Russia's frozen central bank money?

India Today  

With U.S. support for Ukraine in doubt, Kyiv’s European allies are weighing whether to seize $300 billion in frozen Russian assets and use the money to compensate Ukraine, support its military and help rebuild shattered homes and towns. If Russian assets were seized without legal grounds, “it could pose a risk to European financial stability,” he said. Those windfall profits …

Why Ukraine’s allies are divided over using $300 billion in Russian assets
3 weeks, 1 day ago

Why Ukraine’s allies are divided over using $300 billion in Russian assets

Live Mint  

The question of what to do with the $300 billion in frozen funds has divided European countries ever since. However, there are around 190 billion euros, equivalent to $205 billion, in Belgium’s Euroclear, one of the European Union’s biggest clearinghouses, where Russia parked the money ahead of the war. In May 2023, the Group of Seven countries said the frozen …

UK provides £2.26 billion loan to Ukraine as Starmer embraces Zelenskyy after White House showdown
3 weeks, 6 days ago

UK provides £2.26 billion loan to Ukraine as Starmer embraces Zelenskyy after White House showdown

Firstpost  

The Ukrainian leader received a warm welcome from UK Prime Minister Keir Starmer, who reaffirmed his support for the war-stricken nation Keir Starmer greets Volodymyr Zelenskyy in Downing Street. Reuters The United Kingdom and Ukraine signed a deal on Saturday to provide Kyiv with a loan of a whopping 2.26 billion pounds, a day after the country’s President Volodymyr Zelenskyy’s …

UK bolsters support for Ukraine with £2.26billion loan: Military aid package will be funded by frozen Russian assets as Starmer gives Zelensky 'full backing' after his showdown with Donald trump
4 weeks ago

UK bolsters support for Ukraine with £2.26billion loan: Military aid package will be funded by frozen Russian assets as Starmer gives Zelensky 'full backing' after his showdown with Donald trump

Daily Mail  

Rachel Reeves is set to unleash billions for Britain's defence industry while providing over £2 billion from frozen Russian assets to bolster Ukraine's military. Chancellor of the Exchequer Rachel Reeves signs the Extraordinary Revenue Acceleration Loans to Ukraine document as she holds a video conference meeting with Ukraine's Finance Minister Sergii Marchenko The Chancellor is preparing to broaden the scope …

Russia may concede $300 bn of frozen assets for Ukraine reconstruction in peace deal: Report
1 month, 1 week ago

Russia may concede $300 bn of frozen assets for Ukraine reconstruction in peace deal: Report

Firstpost  

Russia could agree to using $300 billion of sovereign assets frozen in Europe for reconstruction in Ukraine but will insist that part of the money is spent on the one-fifth of the country that Moscow’s forces control, according to a report, citing three sources A firefighter works at a site of an apartment building damaged during a Russian drone strike, …

Russia may concede $300 bn of frozen assets for Ukraine reconstruction in peace deal: Report
1 month, 1 week ago

Russia may concede $300 bn of frozen assets for Ukraine reconstruction in peace deal: Report

Firstpost  

Russia could agree to using $300 billion of sovereign assets frozen in Europe for reconstruction in Ukraine but will insist that part of the money is spent on the one-fifth of the country that Moscow’s forces control, according to a report, citing three sources A firefighter works at a site of an apartment building damaged during a Russian drone strike, …

Claims Putin could concede $300 billion in frozen assets as part of war deal
1 month, 1 week ago

Claims Putin could concede $300 billion in frozen assets as part of war deal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Russia could agree to using …

EU gives Ukraine first tranche of loan backed by Russian assets
2 months, 2 weeks ago

EU gives Ukraine first tranche of loan backed by Russian assets

The Hindu  

The European Union on Friday paid out to Ukraine the first three billion euros of a loan backed by the interest earned on frozen Russian assets. The funds are part of the EU's portion of a $50 billion loan by G7 powers to help Kyiv prop up its economy and war effort almost three years into Russia's all-out invasion. pic.twitter.com/W9l7K1kfiV …

US disburses $20 billion Ukraine loan backed by profits from Russian assets
3 months, 2 weeks ago

US disburses $20 billion Ukraine loan backed by profits from Russian assets

Deccan Chronicle  

Washington: The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by proceeds earned on frozen Russian assets, as part of a $50 billion G7 support package. "These funds -- paid for by the windfall proceeds earned from Russia's own immobilized assets -- will provide Ukraine a critical infusion of support as it defends …

US transfers $20 billion to Ukraine funded by seized Russian assets
3 months, 2 weeks ago

US transfers $20 billion to Ukraine funded by seized Russian assets

India Today  

The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by proceeds earned on frozen Russian assets, as part of a $50 billion G7 support package. "These funds -- paid for by the windfall proceeds earned from Russia's own immobilized assets -- will provide Ukraine a critical infusion of support as it defends its …

G7 allies are moving ahead with a $50 billion loan for Ukraine backed by frozen Russian funds
5 months ago

G7 allies are moving ahead with a $50 billion loan for Ukraine backed by frozen Russian funds

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The White House said Wednesday …

G-7 allies are moving ahead with a $50-billion loan for Ukraine backed by frozen Russian funds
5 months ago

G-7 allies are moving ahead with a $50-billion loan for Ukraine backed by frozen Russian funds

LA Times  

U.S. Secretary of Defense Lloyd J. Austin III, right, is greeted by Ukraine’s President Volodymyr Zelensky during their meeting in Kyiv, Ukraine, on Monday. Ukraine will receive $50 billion in loans, backed by frozen Russian assets, from Group of 7 allies, the White House said Wednesday. “Never before has a multilateral coalition frozen the assets of an aggressor country and …

UK to use frozen Russian assets for £2.26 billion loan to support Ukraine war effort
5 months, 1 week ago

UK to use frozen Russian assets for £2.26 billion loan to support Ukraine war effort

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US ‘very close’ to finalizing $20B share of G7 loan to Ukraine, Yellen says
5 months, 1 week ago

US ‘very close’ to finalizing $20B share of G7 loan to Ukraine, Yellen says

Politico  

The loan offers G7 nations a chance to lock in longer-term funding for Ukraine’s war effort and insulate the money from the outcome of the U.S. presidential election. The EU moved ahead to approve its participation in the loan without the U.S. as the Biden administration sought greater EU assurances that the Russian assets — the vast majority of which …

Britain to lend Ukraine more than £2bn for weapons - with the money coming from frozen Russian assets
5 months, 1 week ago

Britain to lend Ukraine more than £2bn for weapons - with the money coming from frozen Russian assets

Daily Mail  

Britain is to lead a ‘bullion for bullets’ scheme to use Russian financial assets to pay for Ukrainian weapons. The new loan to Ukraine will be paid back using the profits of frozen Russian assets Britain will also continue to gift the country £3 billion in military aid on an annual basis as the revenue streams will remain entirely separate. …

EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid
6 months, 1 week ago

EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid

Associated Press  

KYIV, Ukraine — The European Union pledged on Friday to lend Ukraine up to 35 billion euros as part of a loan package organized by the Group of Seven major industrial nations, as it seeks to help the country rebuild its economy and its war-shattered power grid. “We should make Russia pay for the destruction it caused,” European Commission President …

European Union transfers $1.6 billion raised from frozen Russian assets to Ukraine
8 months ago

European Union transfers $1.6 billion raised from frozen Russian assets to Ukraine

India Today  

The European Union announced Friday it had made 1.5 billion euros available to support Ukraine, the first tranche of money generated from profits on frozen Russian assets. In May, the EU’s 27 member states reached an agreement to use the interest earned on some 210 billion euros in Russian central bank assets for military support for Ukraine and rebuilding efforts …

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine
8 months ago

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine

China Daily  

Xinhua | Updated: 2024-07-27 04:00 Ursula von der Leyen attends a press conference after her re-election for a second term as President of the European Commission, at the European Parliament in Strasbourg, France, July 18, 2024. BRUSSELS -- The European Union announced on Friday that it has transferred 1.5 billion euros worth of frozen Russian assets to support Ukraine. The …

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine
8 months ago

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine

China Daily  

Ursula von der Leyen attends a press conference after her re-election for a second term as President of the European Commission, at the European Parliament in Strasbourg, France, July 18, 2024. BRUSSELS -- The European Union announced on Friday that it has transferred 1.5 billion euros worth of frozen Russian assets to support Ukraine. The 1.4 billion euros allocated to …

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine
8 months ago

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine

China Daily  

Ursula von der Leyen attends a press conference after her re-election for a second term as President of the European Commission, at the European Parliament in Strasbourg, France, July 18, 2024. BRUSSELS -- The European Union announced on Friday that it has transferred 1.5 billion euros worth of frozen Russian assets to support Ukraine. The 1.4 billion euros allocated to …

EU sends first $1.6 billion from frozen Russia assets to Ukraine
8 months ago

EU sends first $1.6 billion from frozen Russia assets to Ukraine

Associated Press  

THE HAGUE, Netherlands — The European Union announced Friday it had made 1.5 billion euros available to support Ukraine, the first tranche of money generated from profits on frozen Russian assets. In May, the EU’s 27 member states reached an agreement to use the interest earned on some 210 billion euros in Russian central bank assets for military support for …

Ukraine says struck preliminary deal to restructure $20 bn debt
8 months, 1 week ago

Ukraine says struck preliminary deal to restructure $20 bn debt

Hindustan Times  

Kyiv said Monday it had struck a preliminary deal with international creditors to restructure government debt worth more than $20 billion, giving the war-torn country some financial breathing room. Ukraine says struck preliminary deal to restructure $20 bn debt Ukraine's economy has been decimated by Russia's invasion and the government is reliant on international aid to help it fund both …

Putin calls G7 deal on frozen Russian assets for Ukraine loan ‘theft’
9 months, 2 weeks ago

Putin calls G7 deal on frozen Russian assets for Ukraine loan ‘theft’

Al Jazeera  

Western countries have agreed to use interest on frozen Russian assets to give Ukraine a $50bn loan. Russia’s President Vladimir Putin denounced an agreement by Western countries to provide Ukraine with a loan package using frozen Russian assets and pledged retaliation. Following the announcement at the G7 annual summit in Italy, US President Joe Biden said the frozen assets agreement …

Ukraine and US sign 10-year security deal as G7 leaders pledge $75 billion loan package to Kyiv
9 months, 2 weeks ago

Ukraine and US sign 10-year security deal as G7 leaders pledge $75 billion loan package to Kyiv

ABC  

In short: US President Joe Biden and Ukrainian President Volodymyr Zelenskyy have signed a 10-year agreement designed to bolster Ukraine's defences against Russia's invasion. US President Joe Biden and Ukrainian President Volodymyr Zelenskyy have signed a 10-year agreement designed to bolster Ukraine's defences against Russia's invasion. US President Joe Biden and Ukrainian President Volodymyr Zelenskyy have signed a landmark 10-year …

G7 leaders agree on $50B Ukraine loan using frozen Russian assets
9 months, 2 weeks ago

G7 leaders agree on $50B Ukraine loan using frozen Russian assets

Daily Mail  

Ukrainian President Volodymyr Zelensky was welcomed with open arms by Italian Prime Minister Giorgia Meloni at the G7 summit in Puglia today as world leaders agreed a new $50-billion loan for Ukraine using profits from frozen Russian assets. As talks began, leaders announced their support for a huge new loan secured against future interest from some 300 billion euros of …

G7 leaders agree to lend Ukraine billions backed by Russia’s frozen assets. Here’s how it will work
9 months, 2 weeks ago

G7 leaders agree to lend Ukraine billions backed by Russia’s frozen assets. Here’s how it will work

Associated Press  

WASHINGTON — Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival. President Joe Biden told reporters at a news conference Thursday that the move was part of a “historic agreement.” Ukraine’s president, Volodymyr Zelenskyy, said providing a loan through Russia’s assets “is a vital step …

G7 nations to use frozen Russian assets to provide $50 billion aid to Ukraine
9 months, 2 weeks ago

G7 nations to use frozen Russian assets to provide $50 billion aid to Ukraine

Hindustan Times  

Group of Seven leaders have agreed to provide Ukraine with $50 billion via the use of frozen Russian assets by the end of the year, the French presidency said on Wednesday. On Wednesday, a French presidency official said that leaders had agreed to provide Ukraine with the $50 billion before the end of the year. G7 leaders had aimed to …

Europe bows to US pressure to agree $50bn loan for Ukraine
9 months, 2 weeks ago

Europe bows to US pressure to agree $50bn loan for Ukraine

The Telegraph  

Rishi Sunak, the Prime Minister, said the loan would be “game-changing” for Ukraine’s ability to ward off Russian attacks. ‘Forward leaning’ A Foreign Office source said: “It’s always been the case that us and the US have been most forward-leaning, needing to persuade the others.” US officials hope the loan plan will avoid a “tantrum” from Mr Zelensky at next …

G7 leaders agree to $50bn loan for Ukraine at annual summit
9 months, 2 weeks ago

G7 leaders agree to $50bn loan for Ukraine at annual summit

Al Jazeera  

G7 leaders hail ‘unity’ after reaching deal to fund Ukraine via profits on frozen Russian assets during summit in Italy. The deal on Ukraine’s loan agreed upon at the three-day summit, where leaders of the Group of Seven major democracies are convening, marks “a very historic step and a historic decision,” German Chancellor Olaf Scholz said on Thursday. “With the …

G7 agrees to loan Ukraine $50 billion from the interest on frozen Russian assets
9 months, 2 weeks ago

G7 agrees to loan Ukraine $50 billion from the interest on frozen Russian assets

NPR  

G7 agrees to loan Ukraine $50 billion from the interest on frozen Russian assets toggle caption Ludovic Marin/AFP/Getty Images Western leaders have agreed to loan Ukraine up to $50 billion to fight Russia and rebuild after the lengthy war, money that will be repaid over time from the interest accumulating on frozen Russian financial assets, a senior U.S. official told …

US and Ukraine’s EU allies rush to agree deal on Russian assets ahead of G7
9 months, 2 weeks ago

US and Ukraine’s EU allies rush to agree deal on Russian assets ahead of G7

Al Jazeera  

Rome, Italy – US officials are trying to get European allies on board for a deal to present at the G7 leaders summit later this week on how to use the interest from Russian frozen assets to support war-torn Ukraine. We believe it’s a priority for the entire G7,” US President Joe Biden’s national security adviser, Jake Sullivan, said last …

EU to consider leveraging windfall profits from Russian assets after G7 summit
9 months, 3 weeks ago

EU to consider leveraging windfall profits from Russian assets after G7 summit

Hindustan Times  

By Jan Strupczewski EU to consider leveraging windfall profits from Russian assets after G7 summit BRUSSELS - European Union finance ministers will consider a G7 plan for leveraging windfall profits generated by Russian assets, immobilised in the West after Russia's invasion of Ukraine, after a G7 summit later in June, the ministers' chairman said. After Moscow's invasion of Ukraine in …

G-7 ministers cite 'progress' but no done deal on Russian assets for Ukraine
10 months ago

G-7 ministers cite 'progress' but no done deal on Russian assets for Ukraine

The Hindu  

G-7 Finance Ministers cited "progress" on Saturday in finding ways to use profits from frozen Russian assets to help Ukraine, envisioning a concrete proposal to present to a leaders' summit next month. G-7 Finance Ministers reiterated in the draft that Russian assets frozen by the Group of Seven nations "will remain immobilised until Russia pays for the damage it has …

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets
10 months ago

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets

Associated Press  

FRANKFURT, Germany — Finance officials from the Group of Seven rich democracies said they had moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. “We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign assets to the benefit …

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets
10 months ago

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Finance officials from the Group …

US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting
10 months ago

US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The U.S. sought to build …

US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting
10 months ago

US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting

Associated Press  

FRANKFURT, Germany — The U.S. sought to build support for squeezing more money for Ukraine out of frozen Russian assets and for uniting against China’s trade practices as finance ministers from the Group of Seven rich democracies opened a two-day meeting on Friday on the shores of northern Italy’s scenic Lago Maggiore. AP AUDIO: US pushes for Ukraine aid, united …

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets
10 months ago

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets

Associated Press  

FRANKFURT, Germany — Ukraine’s allies are wrestling with how to squeeze money out of frozen Russian assets to support Kyiv’s war effort, a debate getting more urgent as Russia gains territory on the battlefield and as the outlook for Ukraine’s state finances looks shakier. “Securing Ukraine’s position in the medium-to-long term requires unlocking the value of immobilized Russian sovereign assets,” …

‘New ground is being broken’: EU seizes Russian profits for Ukraine
10 months ago

‘New ground is being broken’: EU seizes Russian profits for Ukraine

Al Jazeera  

Ukraine wants to use $300bn in Russian central bank money held abroad to defeat it; Europe isn’t enthusiastic. Ukraine wants to use the estimated 210 billion euros of Russian central bank money held in European institutions to defeat Russia on the battlefield. “In this sense, new ground is being broken.” The EU decision is to tap the interest twice a …

Cameron to push for G7 agreement on using Russian assets to help Ukraine
11 months, 1 week ago

Cameron to push for G7 agreement on using Russian assets to help Ukraine

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Lord David Cameron is to push G7 partners to use …

European Union pushes ahead with a plan to buy weapons for Ukraine with frozen Russian asset profits
1 year ago

European Union pushes ahead with a plan to buy weapons for Ukraine with frozen Russian asset profits

LA Times  

The European Union is pressing ahead with a plan to use the profits generated from billions of euros of Russian assets frozen in Europe to help provide weapons and other funds for Ukraine, a senior official said Tuesday. The 27-nation EU is holding around 200 billion euros in Russian central bank assets, most of it frozen in Belgium, in retaliation …

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine
1 year, 1 month ago

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine

LA Times  

Treasury Secretary Janet L. Yellen has offered her strongest public support yet for unfreezing about $300 billion in Russian Central Bank assets to help rebuild Ukraine. Treasury Secretary Janet L. Yellen has offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine‘s long-term reconstruction. “It …

The plan to make Russia pay for Ukraine's weapons
1 year, 1 month ago

The plan to make Russia pay for Ukraine's weapons

ABC  

In short: There is a growing push among some Western nations, including the US, to use Russian assets they froze at the beginning of the war to fund Ukraine's military. There is a growing push among some Western nations, including the US, to use Russian assets they froze at the beginning of the war to fund Ukraine's military. Last month …

G-7 eye Russian assets as collateral to raise funds for Ukraine
1 year, 1 month ago

G-7 eye Russian assets as collateral to raise funds for Ukraine

Live Mint  

The Group of Seven and the European Union are discussing a plan to use more than $250 billion in frozen Russian central bank assets as collateral to help fund Ukraine’s reconstruction, according to people familiar with the matter. Under the proposal, Ukraine’s allies could sell debt to contribute to the war-torn country’s rebuilding, using the frozen assets as collateral. The …

Nearly two years after invasion, West still seeking a way to steer frozen Russian assets to Ukraine
1 year, 2 months ago

Nearly two years after invasion, West still seeking a way to steer frozen Russian assets to Ukraine

Associated Press  

WASHINGTON — It’s been nearly two years since the United States and its allies froze hundreds of billions of dollars in Russian foreign holdings in retaliation for Moscow’s invasion of Ukraine. At this week’s World Economic Forum meetings in Davos, Switzerland, Ukrainian President Volodymyr Zelenskyy called for a “strong” decision this year for the frozen assets in Western banks to …

Discover Related