Frozen assets

International partners near decision on Russian assets to aid Ukraine – FM Kuleba

Kyiv’s partners are gradually approaching a decision on the use of frozen Russian assets in favor of Ukraine, and there are all international legal grounds for this, Foreign Minister Dmytro Kuleba told news agency Ukrinform on June 8.

8 June 2024, 06:15 PM

US and G7 advance plan to fund Ukraine with frozen Russian assets

The United States and its G7 partners are making progress in finding ways to provide Ukraine with necessary aid using profits from frozen Russian assets, Brent Neiman, assistant secretary for international finance at the U.S. Treasury said, Reuters reported on June 5.

5 June 2024, 05:29 PM

Top US Treasury official in Kyiv: Strengthening sanctions, utilizing frozen Russian assets on agenda

U.S. Deputy Treasury Secretary Wally Adeyemo arrived in Kyiv for a visit, the U.S. Embassy in Ukraine reported on Facebook on May 29.

29 May 2024, 04:30 PM

EU must come to consensus now to unblock revenues from frozen Russian assets to aid Ukraine - EU's Borrell

About 90% of the revenues from frozen Russian assets will be directed to the European Peace Fund to supply weapons and military equipment to Ukraine, EU High Representative for Foreign Affairs & Security Policy, Josep Borrell, said on May 28.

29 May 2024, 10:05 AM

Potential $75 billion aid to Ukraine through financial engineering at stake, says NBU chief

The European Central Bank (ECB) does not confiscate Russian frozen assets, but some financial engineering could potentially provide Ukraine with $50-$75 billion over the next 10 years, National Bank head Andriy Pyshnyi told Radio NV on May 24.

25 May 2024, 06:40 PM

G7 finance ministers seek consensus on how to fund Ukraine through frozen Russian assets

The G7 finance ministers will look to find consensus on how to use revenues from frozen Russian assets to finance Ukraine aid at this week's meeting in Italy, Reuters reported, citing a source in the U.S. Treasury.

23 May 2024, 10:28 AM

France backs US proposal to use frozen Russian assets to aid Ukraine — report

The French government has supported the U.S. proposal to use the revenue from frozen Russian assets to benefit Ukraine, Bloomberg reported on May 22.

23 May 2024, 02:14 AM

Ukraine can receive $50 billion in loans — U.S. Treasury Secretary

G7 countries could fund Ukraine's war efforts by providing billions in loans linked to $300 billion in frozen Russian assets, U.S. Treasury Secretary Janet Yellen told Sky News on May 21.

22 May 2024, 02:57 PM

EU to transfer revenue from up to $3.25 billion in frozen Russian assets to Ukraine by July

The European Commission will transfer revenues from frozen Russian assets to Ukraine, with the first payment - up to EUR 3 billion ($3.25 billion) - expected in July.

22 May 2024, 11:07 AM

Germany supports US proposal to use frozen Russian assets for Ukraine

The German government is ready to support a U.S. plan to use future proceeds from frozen Russian assets in Europe to provide $50 billion in aid to Ukraine, Bloomberg reported on May 21.

21 May 2024, 03:40 PM

EU approves use of frozen Russian assets to support Ukraine

The Council of the European Union has approved using income from frozen assets of the Russian Central Bank for the benefit of Ukraine, the Czech Permanent Representation to the EU reported on X on May 21.

21 May 2024, 03:30 PM

Russian court seizes over $850 million in assets from three international banks

A Russian court has authorized the seizure of nearly EUR 800 million ($870 million) in assets from three international banks - UniCredit, DB, and Commerzbank, Interfax-Ukraine reported.

20 May 2024, 02:03 PM

Former Ukrainian PM calls for full transfer of frozen Russian assets to Ukraine

Frozen Russian assets should be fully confiscated and transferred to Ukraine, former Prime Minister and Kyiv Security Forum (KSF) founder, Arseniy Yatsenyuk, said at the KSF’s online discussion panel on May 17.

17 May 2024, 03:50 PM

The G7 will support the EU initiative to use frozen Russian assets to finance the reconstruction of Ukraine

The G7 countries will support the European Union's initiative to confiscate income from Russian assets for the benefit of Ukraine from May 20, Reuters reported.

17 May 2024, 09:34 AM

EU moves closer to using Russian assets for Ukraine aid

EU ambassadors have reached a preliminary agreement to direct revenue generated by frozen Russian assets toward supporting Ukraine, the Belgian presidency of the Council of the EU announced via Twitter on May 8.

9 May 2024, 02:07 AM

Full confiscation of frozen Russian assets no longer on G7 agenda — report

Despite Ukrainian demands for a complete confiscation of Russian assets frozen in Western countries, officials from G7 states privately say that the matter is no longer on the agenda, the Financial Times reported on May 3.

3 May 2024, 08:46 PM

Frozen Russian assets may help Ukraine wage war four more years - Reuters

Confiscation of Russian assets abroad worth about $320 billion will help finance Ukraine's defense until the end of 2028, Reuters reported on April 29.

29 April 2024, 01:29 PM

London calls for ‘creative’ use of frozen Russian assets to aid Ukraine

Kyiv’s Western partners need to find “creative” ways of putting frozen Russian sovereign assets to use when it comes to helping Ukraine, UK Foreign Secretary David Cameron said on Aril 18, as reported by RFE/RL.

19 April 2024, 01:05 AM

Frozen Russian assets generate $5-8 billion in annual revenue — PM Shmyhal

Revenues from frozen Russian assets in the West may amount to EUR 5-8 billion ($5.4-8.7 billion) in 2024, Ukrainian Prime Minister Denys Shmyhal said on April 9, according to Interfax-Ukraine news agency.

9 April 2024, 08:24 PM

EU working on transferring over $260 billion in frozen Russian assets to Ukraine for reconstruction

The European Union is working on mechanisms to utilize frozen Russian assets — worth nearly €250 billion — to compensate for damage caused by Russia’s aggressive war of conquest in Ukraine, said European Commissioner for Justice, Didier Reynders.

3 April 2024, 01:25 PM

Frozen assets

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