Articles for Russian Assets

US disburses $20 billion Ukraine loan backed by profits from Russian assets
1 week, 6 days 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 …

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US transfers $20 billion to Ukraine funded by seized Russian assets
1 week, 6 days 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 …

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The fate of frozen Russian assets: Trump's decision looms
3 weeks, 5 days ago

The fate of frozen Russian assets: Trump's decision looms

India Today  

The fate of billions of pounds in frozen Russian assets now rests in the hands of U.S. President-elect Donald Trump. Since Russia’s full-scale invasion of Ukraine, Western nations have taken action, freezing approximately $300 billion worth of Russian assets. In April of this year, President Joe Biden signed the REPO Act into law, which paved the way for the U.S. …

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G-7 allies are moving ahead with a $50-billion loan for Ukraine backed by frozen Russian funds
2 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 …

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At G7 Summit, Biden, Zelenskyy sign 10-year defence agreement. Will US troops help Ukraine in Russia war?
6 months, 1 week ago

At G7 Summit, Biden, Zelenskyy sign 10-year defence agreement. Will US troops help Ukraine in Russia war?

India TV News  

Brindisi: US President Joe Biden and President Volodymyr Zelenskyy signed a bilateral security agreement between the US and Ukraine on Thursday when they meet on the sidelines of the Group of Seven summit in Italy. Agreement would not commit US troops directly to Ukraine's defence: Sullivan National security adviser Jake Sullivan said the security agreement would not commit U.S. troops …

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G7 to use Russian assets for $50bn Ukraine loan: How will it work?
6 months, 1 week 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 …

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Putin calls G7 deal on frozen Russian assets for Ukraine loan ‘theft’
6 months, 1 week 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 …

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The Latest | Group of Seven summit turns to migration after promising tens of billions to Ukraine
6 months, 1 week ago

The Latest | Group of Seven summit turns to migration after promising tens of billions to Ukraine

Hindustan Times  

BORGO EGNAZIA, Italy — A summit meeting of the Group of Seven leading industrialized nations is expected to focus on migration on its second day Friday, seeking ways to combat trafficking and increase investment in countries from where migrants start out on often life-threatening journeys. Currently: — Italian Premier Meloni opens G7 summit with agreement to back a $50 billion …

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G7 leaders agree on $50B Ukraine loan using frozen Russian assets
6 months, 1 week 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 …

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G7 summit opens with deal to use Russian assets for Ukraine as EU's traditional powers recalibrate
6 months, 1 week ago

G7 summit opens with deal to use Russian assets for Ukraine as EU's traditional powers recalibrate

The Hindu  

A Group of Seven summit opened Thursday with agreement reached on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe's political chessboard shifts to the right. Italy, which is hosting the summit, has invited several African leaders — Algerian President Abdelmadjid Tebboune, …

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Biden signs security deal as Zelenskyy questions if unity will last
6 months, 1 week ago

Biden signs security deal as Zelenskyy questions if unity will last

Associated Press  

FASANO, Italy — President Joe Biden and Ukrainian leader Volodymyr Zelenskyy signed a 10-year security agreement Thursday that they hailed as a milestone in relations between their countries, but that alone was not enough to stop Zelenskyy from wondering how much longer he could count on America’s support. The leaders signed the agreement on the sidelines of the annual Group …

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G7 summit opens with deal to use Russian assets for Ukraine as Italy flexes its right-wing muscles
6 months, 1 week ago

G7 summit opens with deal to use Russian assets for Ukraine as Italy flexes its right-wing muscles

Associated Press  

BORGO EGNAZIA, Italy — A Group of Seven summit opened Thursday with agreement reached on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe’s political chessboard shifts to the right. U.S. President Joe Biden, right, is welcomed by Italian Premier Giorgia Meloni …

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G7 summit opens with deal to use Russian assets for Ukraine as EU's traditional powers recalibrate
6 months, 1 week ago

G7 summit opens with deal to use Russian assets for Ukraine as EU's traditional powers recalibrate

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 {{ …

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The Latest | Group of Seven summit turns to migration after promising tens of billions to Ukraine
6 months, 1 week ago

The Latest | Group of Seven summit turns to migration after promising tens of billions to Ukraine

Associated Press  

BORGO EGNAZIA, Italy — A summit meeting of the Group of Seven leading industrialized nations focused on migration on Friday, the second and final day of the gathering in southern Italy, seeking ways to combat trafficking and increase investment in countries from where migrants start out on often life-threatening journeys. Currently: — Italian Premier Meloni opens G7 summit with agreement …

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G7 summit opens with deal to use Russian assets for Ukraine as EU’s traditional powers recalibrate
6 months, 1 week ago

G7 summit opens with deal to use Russian assets for Ukraine as EU’s traditional powers recalibrate

Associated Press  

BARI, Italy — A Group of Seven summit is opening Thursday with agreement on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe’s political chessboard shifts to the right. Frozen Russian assets to support Ukraine The U.S. proposal involves engineering a $50 …

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G7 nations to use frozen Russian assets to provide $50 billion aid to Ukraine
6 months, 1 week 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 …

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G7 leaders agree to $50bn loan for Ukraine at annual summit
6 months, 1 week 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 …

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G7 agrees to loan Ukraine $50 billion from the interest on frozen Russian assets
6 months, 1 week 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 …

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Biden and Zelenskyy to sign agreement between US, Ukraine before G7
6 months, 1 week ago

Biden and Zelenskyy to sign agreement between US, Ukraine before G7

Associated Press  

BRINDISI, Italy — President Joe Biden and President Volodymyr Zelenskyy will sign a bilateral security agreement between the U.S. and Ukraine on Thursday when they meet on the sidelines of the Group of Seven summit in Italy. National security adviser Jake Sullivan said the security agreement would not commit U.S. troops directly to Ukraine’s defense against Russia’s invasion — a …

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US and Ukraine’s EU allies rush to agree deal on Russian assets ahead of G7
6 months, 1 week 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 …

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EU to consider leveraging windfall profits from Russian assets after G7 summit
6 months, 2 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 …

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US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets
6 months, 3 weeks ago

US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets

Associated Press  

WASHINGTON — A senior U.S. Treasury official has met with Ukrainian officials in Kyiv to discuss U.S. financial support, enforcing sanctions on Russia and using frozen Russian assets for Ukraine’s benefit in the war with Moscow. The visit this week by Deputy Secretary Wally Adeyemo came as Russia gains territory after a lengthy delay in U.S. military aid left Ukraine …

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G-7 ministers cite 'progress' but no done deal on Russian assets for Ukraine
6 months, 4 weeks 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 …

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G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets
6 months, 4 weeks 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 …

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