russianfrozenassets
Czechia will use part of the revenue of Russian assets frozen in the EU to purchase high-caliber ammunition for Kyiv, Czech Defense Minister Jana Cernochova said on Aug. 20. European countries hold roughly two-thirds of the $300 billion Russian sovereign assets immobilized after the outbreak of the full-scale war. While hesitant to confiscate the assets outright, the EU devised a plan to use windfall profits to fund Ukraine's reconstruction and defense needs. "The European Union made a decision. This will allow us to buy hundreds of thousands of sorely needed high-caliber rounds," Cernochova s...
Kyiv Independent
Czechia will use part of the revenue of Russian assets frozen in the EU to purchase high-caliber ammunition for Kyiv, Czech Defense Minister Jana Cernochova said on Aug. 20. European countries hold roughly two-thirds of the $300 billion Russian sovereign assets immobilized after the outbreak of the full-scale war. While hesitant to confiscate the assets outright, the EU devised a plan to use windfall profits to fund Ukraine's reconstruction and defense needs. "The European Union made a decision. This will allow us to buy hundreds of thousands of sorely needed high-caliber rounds," Cernochova s...
Kyiv Independent (UK)
Czechia will use part of the revenue of Russian assets frozen in the EU to purchase high-caliber ammunition for Kyiv, Czech Defense Minister Jana Cernochova said on Aug. 20. European countries hold roughly two-thirds of the $300 billion Russian sovereign assets immobilized after the outbreak of the full-scale war. While hesitant to confiscate the assets outright, the EU devised a plan to use windfall profits to fund Ukraine's reconstruction and defense needs. "The European Union made a decision. This will allow us to buy hundreds of thousands of sorely needed high-caliber rounds," Cernochova s...
Kyiv Independent (CA)
The European Union's top diplomat, Josep Borrell, announced on July 22 that Ukraine is expected to receive the first transfer of $1.5 billion in payments from Russian frozen assets at the beginning of August. The designated funds will finance the "acquisition of priority military equipment," including air defense, artillery systems, and ammunition. According to an official statement, Borrell "updated EU Ministers on progress towards the first transfer of 1.4 billion euros ($1.5 billion) expected at the beginning of the August" during the July 22 EU Foreign Affairs Council meeting. EU ambassado...
Kyiv Independent (CA)
The European Union's top diplomat, Josep Borrell, announced on July 22 that Ukraine is expected to receive the first transfer of $1.5 billion in payments from Russian frozen assets at the beginning of August. The designated funds will finance the "acquisition of priority military equipment," including air defense, artillery systems, and ammunition. According to an official statement, Borrell "updated EU Ministers on progress towards the first transfer of 1.4 billion euros ($1.5 billion) expected at the beginning of the August" during the July 22 EU Foreign Affairs Council meeting. EU ambassado...
Kyiv Independent (UK)
The European Union's top diplomat, Josep Borrell, announced on July 22 that Ukraine is expected to receive the first transfer of $1.5 billion in payments from Russian frozen assets at the beginning of August. The designated funds will finance the "acquisition of priority military equipment," including air defense, artillery systems, and ammunition. According to an official statement, Borrell "updated EU Ministers on progress towards the first transfer of 1.4 billion euros ($1.5 billion) expected at the beginning of the August" during the July 22 EU Foreign Affairs Council meeting. EU ambassado...
Kyiv Independent
Saudi officials reportedly made "veiled threats" to Group of Seven (G7) nations hinting that the kingdom would sell some European debt holdings if Western allies seized about $300 billion in frozen Russian assets, Bloomberg reported on July 9, citing its sources. According to sources familiar with the matter, officials from Saudi Arabia's finance ministry pushed their opposition to Western allies seizing frozen Russian assets, implying that the sale of European debt holdings would commence. Debt issued by France's treasury was specifically named, Bloomberg reported. The vague threats came ahea...
Kyiv Independent
Saudi officials reportedly made "veiled threats" to Group of Seven (G7) nations hinting that the kingdom would sell some European debt holdings if Western allies seized about $300 billion in frozen Russian assets, Bloomberg reported on July 9, citing its sources. According to sources familiar with the matter, officials from Saudi Arabia's finance ministry pushed their opposition to Western allies seizing frozen Russian assets, implying that the sale of European debt holdings would commence. Debt issued by France's treasury was specifically named, Bloomberg reported. The vague threats came ahea...
Kyiv Independent (UK)
Saudi officials reportedly made "veiled threats" to Group of Seven (G7) nations hinting that the kingdom would sell some European debt holdings if Western allies seized about $300 billion in frozen Russian assets, Bloomberg reported on July 9, citing its sources. According to sources familiar with the matter, officials from Saudi Arabia's finance ministry pushed their opposition to Western allies seizing frozen Russian assets, implying that the sale of European debt holdings would commence. Debt issued by France's treasury was specifically named, Bloomberg reported. The vague threats came ahea...
Kyiv Independent (CA)
If Ukraine is going to defeat Russia and rebuild itself after the war, it will need huge sums of money, probably exceeding what Western electorates and politicians are willing or able to provide. The good news is that there is a massive pot of non-Western money already available: the $300 billion of frozen Russian sovereign assets held in Western jurisdictions. The bad news, however, is that Western countries have been unable to agree on a shared plan of action to use these assets. Frozen Russian reserves could tip the scales of the war in Ukraine’s favor and greatly reduce the financial burde...
Kyiv Independent
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