MOSCOW (Reuters) - Russia will take retaliatory measures in accordance with its own interests and use every legal mechanism at its disposal if the European Union uses profits from frozen Russian assets to buy arms for Ukraine, the Kremlin said on Thursday. Kremlin spoke...
These nations are teetering on the edge by using these assets as collateral. If they were to actually give Ukraine the frozen assets, Putin would then be justified to just confiscate ALL assets held by Western countries and private/public corporations. These actions by the G7 completely violate ...
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...
The European Council summit which concluded on Friday agreed to use profits generated by frozen Russian state assets for Ukraine's reconstruction. It also mandated the European Commission to prepare the necessary legal proposal by the end of the year for implementation, a move pushed by commission ...
G7 finance ministers have backed the idea of issuing a loan to Ukraine, secured by profits on frozen Russian assets, in an effort to secure financing for Kyiv beyond 2024. Ministers’ discussions were based on a US proposal that circulated ahead of the gathering in Stresa, Italy, to issue ...
KIEV, April 7 (Xinhua) -- Ukraine wants to get part of the funds from the seized Russian assets in the West within the next six months, Ukrainian Prime Minister Denys Shmyhal said on Thursday. "A working group has been set up. It is already actively working in several areas. The firs...
U.S. Treasury Secretary Janet Yellen is pushing for borrowing against the future interest income from the frozen assets. That would mean Ukraine could be given as much as $50 billion immediately. But the proposal has run into concerns from European members about the legal complexities, and ab...
G7 leaders strike deal on using Russian assets to back $50B loan to Ukraine President Joe Biden and key allies have agreed to use interest from frozen Russian assets to back a $50 billion loan for Ukraine's war efforts and economic reconstruction. ...
The EU agreed a loan to Ukraine of up to EUR 35 billion Wednesday, as well as a loan cooperation mechanism supporting Ukraine in repaying loans of up to EUR 45 bn provided by the EU and G7 partners. The aid aims to provide immediate relief to Ukraine’s urgent financing needs that hav...
Last week Ukraine's military said Moscow had been forced to withdraw all of its naval assets from the Sea of Azov - a body of water connected to the Black Sea - due to repeated strikes on its vessels. And Russia's internal security service, the FSB, recently said it foiled a Ukrainian...