Frozen assets

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

44 countries rally to redirect frozen Russian assets to support Ukraine

A declaration advocating for the utilization of frozen Russian assets to support Ukraine and endorsed by 44 nations was announced during the "Restoring Justice in Ukraine" conference in The Hague, European Pravda reported on April 3.

3 April 2024, 12:29 PM

EU will not transfer $5.4 billion in profits from frozen Russian assets to Ukraine

The European Union has decided not to transfer EUR 5 billion ($5.4 billion) in investment profits from frozen Russian assets, Politico reported on March 27.

27 March 2024, 11:30 PM

US proposes issuing $50 billion in bonds for Ukraine from selling frozen Russian assets

The United States has proposed issuing $50 billion in bonds, created from the proceeds of selling frozen Russian assets, to help Ukraine, business news outlet Bloomberg News reported on March 21.

23 March 2024, 12:55 PM

US proposes novel $50 billion Ukraine aid plan — report

The United States has proposed to its allies to issue at least $50 billion in bonds secured by frozen Russian assets to support Ukraine, Bloomberg reported on March 21, citing sources familiar with the plan.

21 March 2024, 08:10 PM

EU discloses amount of frozen Russian assets slated for allocation to Ukraine

Amount that could be received from proceeds of frozen Russian assets could total to about €3 billion ($3.25 billion) a year, which would be used for military and civilian support for Ukraine, Josep Borrell said, Interfax-Ukraine reported on March 20.

20 March 2024, 05:05 PM

EU Parliament tightens punishment for bypassing sanctions against Russia

MEPs have approved new penalties for ignoring or circumventing EU sanctions, including those levied against Moscow, the European Parliament’s press service reported on March 12.

12 March 2024, 08:35 PM

Russia summons Swiss ambassador over country’s decision to support confiscation of Russian assets for reparations to Ukraine

Russian FM has summoned Swiss Ambassador Christina Marti Lang to protest the Swiss parliament’s adoption of a resolution allowing the use of frozen Russian assets to finance war reparations for Ukraine, the Russian Foreign Ministry’s press service reported on March 12.

12 March 2024, 05:18 PM

UK spearheads confiscating Russian assets — opinion

London has declared it’s ready to confiscate Russian assets and transfer them to Ukraine as a conditional loan in lieu of future reparations from Russia.

8 March 2024, 08:05 PM

Frozen assets

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