russianassets
The EU's expected annual contribution of around 3 billion euros ($3.2 billion), drawn from frozen Russian assets profits, is "almost nothing" in the context of the full-scale war, Justice Minister Denys Maliuska told Politico in an interview published on May 10. EU ambassadors agreed on May 8 on a plan to use windfall profits of immobilized Russian assets to fund Ukraine's reconstruction and defense needs. Kyiv is expected to receive roughly 3 billion euros every year, according to earlier discussions. "If we are talking about the needs of Ukraine and the needs of the war, military and non-mil...
Kyiv Independent
The EU's expected annual contribution of around 3 billion euros ($3.2 billion), drawn from frozen Russian assets profits, is "almost nothing" in the context of the full-scale war, Justice Minister Denys Maliuska told Politico in an interview published on May 10. EU ambassadors agreed on May 8 on a plan to use windfall profits of immobilized Russian assets to fund Ukraine's reconstruction and defense needs. Kyiv is expected to receive roughly 3 billion euros every year, according to earlier discussions. "If we are talking about the needs of Ukraine and the needs of the war, military and non-mil...
Kyiv Independent (CA)
The EU's expected annual contribution of around 3 billion euros ($3.2 billion), drawn from frozen Russian assets profits, is "almost nothing" in the context of the full-scale war, Justice Minister Denys Maliuska told Politico in an interview published on May 10. EU ambassadors agreed on May 8 on a plan to use windfall profits of immobilized Russian assets to fund Ukraine's reconstruction and defense needs. Kyiv is expected to receive roughly 3 billion euros every year, according to earlier discussions. "If we are talking about the needs of Ukraine and the needs of the war, military and non-mil...
Kyiv Independent (UK)
EU ambassadors agreed in principle on a measure for using profits from frozen Russian assets to support Ukraine's recovery and military needs, the Belgian Presidency of the EU said on May 8. Ukraine's Western partners and other allies froze around $300 billion in Russian assets at the start of the full-scale invasion in 2022. Roughly two-thirds are held in the Belgium-based financial services company Euroclear. "I welcome today's political agreement on our proposal to use the proceeds from immobilized Russian assets for Ukraine," European Commission President Ursula von der Leyen said on X. "T...
Kyiv Independent (UK)
EU ambassadors agreed in principle on a measure for using profits from frozen Russian assets to support Ukraine's recovery and military needs, the Belgian Presidency of the EU said on May 8. Ukraine's Western partners and other allies froze around $300 billion in Russian assets at the start of the full-scale invasion in 2022. Roughly two-thirds are held in the Belgium-based financial services company Euroclear. "I welcome today's political agreement on our proposal to use the proceeds from immobilized Russian assets for Ukraine," European Commission President Ursula von der Leyen said on X. "T...
Kyiv Independent (CA)
EU ambassadors agreed in principle on a measure for using profits from frozen Russian assets to support Ukraine's recovery and military needs, the Belgian Presidency of the EU said on May 8. Ukraine's Western partners and other allies froze around $300 billion in Russian assets at the start of the full-scale invasion in 2022. Roughly two-thirds are held in the Belgium-based financial services company Euroclear. "I welcome today's political agreement on our proposal to use the proceeds from immobilized Russian assets for Ukraine," European Commission President Ursula von der Leyen said on X. "T...
Kyiv Independent
New U.S.-supplied weapons and money are now on their way to Ukraine. Whether to provide additional military aid was a matter of debate for many months in the U.S. Congress. In the end, Speaker of the House of Representatives Mike Johnson stared down the most right-wing elements of his party and put the matter to a vote. The proposal passed by a margin of 311 to 112, thanks to the support of Democrats. While the same package also provides security aid for Israel and Taiwan, the nearly $61 billion for Ukraine is the biggest component – and will make the biggest near-term difference. The new aid ...
Kyiv Independent (CA)
New U.S.-supplied weapons and money are now on their way to Ukraine. Whether to provide additional military aid was a matter of debate for many months in the U.S. Congress. In the end, Speaker of the House of Representatives Mike Johnson stared down the most right-wing elements of his party and put the matter to a vote. The proposal passed by a margin of 311 to 112, thanks to the support of Democrats. While the same package also provides security aid for Israel and Taiwan, the nearly $61 billion for Ukraine is the biggest component – and will make the biggest near-term difference. The new aid ...
Kyiv Independent (UK)
New U.S.-supplied weapons and money are now on their way to Ukraine. Whether to provide additional military aid was a matter of debate for many months in the U.S. Congress. In the end, Speaker of the House of Representatives Mike Johnson stared down the most right-wing elements of his party and put the matter to a vote. The proposal passed by a margin of 311 to 112, thanks to the support of Democrats. While the same package also provides security aid for Israel and Taiwan, the nearly $61 billion for Ukraine is the biggest component – and will make the biggest near-term difference. The new aid ...
Kyiv Independent
U.S. President Joe Biden signed the Rebuilding Economic Prosperity and Opportunity for Ukrainians (REPO) Act on April 24. Largely overshadowed in the media by the groundbreaking approval of $61 billion in aid for Ukraine that same day, the REPO Act is equally crucial. However, the REPO Act has not yet won the war for Russian assets. The REPO Act allows the Biden administration to confiscate Russian sovereign assets that are subject to U.S. jurisdiction to support Ukraine. In essence, the bill overcomes the main legal concern of Russia’s sovereign immunity by allowing the U.S. to confiscate the...
Kyiv Independent
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