russianassets
Estonian President Alar Karis promulgated on May 30 a law that allows the use of frozen Russian assets for funding Ukraine's war efforts and reconstruction, according to the Presidential Office's website. The Estonian government estimated in October 2023 that it held about 38 million euros ($41.3 million) of frozen Russian assets. Estonia's parliament, the Riigikogu, passed the bill on May 15 despite some experts disagreeing with it because it supposedly conflicted with the country's Constitution. "Although the chosen method of compensation is innovative, it aims to protect the prohibition of ...
Kyiv Independent (UK)
Estonian President Alar Karis promulgated on May 30 a law that allows the use of frozen Russian assets for funding Ukraine's war efforts and reconstruction, according to the Presidential Office's website. The Estonian government estimated in October 2023 that it held about 38 million euros ($41.3 million) of frozen Russian assets. Estonia's parliament, the Riigikogu, passed the bill on May 15 despite some experts disagreeing with it because it supposedly conflicted with the country's Constitution. "Although the chosen method of compensation is innovative, it aims to protect the prohibition of ...
Kyiv Independent (CA)
Estonian President Alar Karis promulgated on May 30 a law that allows the use of frozen Russian assets for funding Ukraine's war efforts and reconstruction, according to the Presidential Office's website. The Estonian government estimated in October 2023 that it held about 38 million euros ($41.3 million) of frozen Russian assets. Estonia's parliament, the Riigikogu, passed the bill on May 15 despite some experts disagreeing with it because it supposedly conflicted with the country's Constitution. "Although the chosen method of compensation is innovative, it aims to protect the prohibition of ...
Kyiv Independent
The G7 finance ministers on May 25 announced "progress" but no concrete deal on how to use future income from frozen Russian assets to help Ukraine, according to a draft statement seen by Reuters and AFP. "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 of Ukraine," the draft statement to Ukraine per year. Ukraine's Justice Minister Denys Maliuska said that while it is a "good step," the figure is "almost nothing" in the context of the full-scale war. It is unclear what t...
Kyiv Independent
The G7 finance ministers on May 25 announced "progress" but no concrete deal on how to use future income from frozen Russian assets to help Ukraine, according to a draft statement seen by Reuters and AFP. "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 of Ukraine," the draft statement to Ukraine per year. Ukraine's Justice Minister Denys Maliuska said that while it is a "good step," the figure is "almost nothing" in the context of the full-scale war. It is unclear what t...
Kyiv Independent (UK)
The G7 finance ministers on May 25 announced "progress" but no concrete deal on how to use future income from frozen Russian assets to help Ukraine, according to a draft statement seen by Reuters and AFP. "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 of Ukraine," the draft statement to Ukraine per year. Ukraine's Justice Minister Denys Maliuska said that while it is a "good step," the figure is "almost nothing" in the context of the full-scale war. It is unclear what t...
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
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)
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