frozen Russian assets

Europe sitting on $300 billion in frozen Russian assets Ukraine could use — Zelenskyy

Europe still lacks the political will to use approximately $300 billion in frozen Russian assets for helping Ukraine defend itself, Ukrainian President Volodymyr Zelenskyy said on Nov. 7.

8 November 2024, 02:05 AM

Japan to provide Ukraine with over $3 billion loan under G7 initiative using frozen Russian assets

Japan will grant Ukraine a loan of 471.9 billion yen ($3.08 billion) as part of the G7’s “Emergency Revenue Accelerating Loans for Ukraine” (ERA) initiative, using frozen Russian assets, Nikkei reports.

29 October 2024, 12:06 PM

G7 agrees to grant Ukraine $50 billion from frozen Russian assets

G7 leaders have reached a consensus to grant Ukraine a loan of approximately $50 billion, secured by revenue from frozen Russian assets.

26 October 2024, 10:34 AM

US to provide Ukraine with $20 billion using Russian assets

The United States will provide Ukraine with $20 billion in aid using proceeds from frozen Russian assets, President Volodymyr Zelenskyy announced in his Oct. 23 evening address.

23 October 2024, 10:15 PM

European Parliament approves €35 billion loan from frozen Russian assets

The European Parliament has approved the European Commission’s proposal to provide Ukraine with an exceptional loan of up to €35 billion ($37 billion), contributing to the G7’s broader support initiative, which aims to raise up to $50 billion (approximately €45 billion) for Ukraine.

22 October 2024, 02:40 PM

IMF outlines $32B in additional financing for Ukraine, anticipates war's end by late 2025

The International Monetary Fund’s (IMF) baseline scenario assumes an end to the war in Ukraine in late 2025, according to its fifth review of the Extended Fund Facility program, released on Oct. 18.

22 October 2024, 09:33 AM

UK government to provide Ukraine with $2.7+ billion loan to procure military equipment

The UK government announced a military loan of £2.26 billion ($2.74 billion USD) to Ukraine allocated to purchase essential military equipment, the British officials' press service wrote on its official website on Oct. 22.

22 October 2024, 08:50 AM

EU pledges more economic support for Ukraine with another tranche by year-end

The next tranche under the Ukraine Facility program will be allocated to Kyiv by the end of the year, European Commission President Ursula von der Leyen announced at a press conference after the European Council meeting on October 17.

18 October 2024, 11:12 AM

Zelenskyy to seek swift mechanism for allocation of frozen Russian assets in Brussels

Ukrainian President Volodymyr Zelenskyy plans to discuss with European leaders the allocation of $35 billion from frozen Russian assets, according to his statement to the media before the European Council meeting in Brussels on Oct. 17.

17 October 2024, 01:53 PM

French aid to Ukraine falls short due to budgetary constraints

France will not be able to provide Ukraine with the EUR 3 billion ($3.27 billion) in aid promised for 2024 due to a substantial national budget deficit, Defense Minister Sébastien Lecornu announced on Oct. 15.

15 October 2024, 09:07 PM

US, Japan, Canada to contribute to World Bank fund supporting Ukraine

The World Bank's executive board approved the creation of a financial intermediary fund (FIF) to support Ukraine on Thursday, Oct. 10. Contributions are expected from the United States, Canada, and Japan, according to Reuters, citing three sources familiar with the decision.

11 October 2024, 01:28 PM

EU Council approves $38+ billion loan to Ukraine from frozen Russian assets

Ukraine will receive up to €35 billion as part of a larger loan planned by G7 ambassadors.

10 October 2024, 01:54 PM

Dutch banks unfreeze Russian assets worth $600 million

Dutch banks have unfrozen approximately EUR 560 million ($614 million) in Russian assets due to "exceptions made for pending payments and the removal of sanctioned owners," according to a report published by Dutch newspaper Telegraaf on Oct. 5.

8 October 2024, 09:58 PM

G7 and EU commit to holding Russia accountable through asset freeze

G7 members and the EU have frozen $280 billion worth of Russian Central Bank funds held outside of Russia, U.S. President Joe Biden announced during the G7+Ukraine format meeting in New York on Sept. 25, according to the Interfax-Ukraine news agency.

26 September 2024, 10:35 AM

EU channels frozen Russian assets to fund Ukrainian arms production

The European Union (EU) has allocated €400 million ($447 million) from the proceeds of frozen Russian assets to support Ukraine's defense industry, EU Ambassador to Ukraine Katarína Mathernová said in an interview with the Interfax-Ukraine news agency published on Sept. 19.

19 September 2024, 01:41 PM

Europe directs profits from frozen Russian assets to fund arms for Ukraine, says EC VP

The European Union has allocated €1.4 billion ($1.56 billion) in profits from frozen Russian assets to supply arms to Ukraine, according to European Commission (EC) Vice President Valdis Dombrovskis, Interfax-Ukraine reported on Sept 17.

17 September 2024, 01:20 PM

Up to €40 billion in loans for Ukraine after G7 plan to use Russian assets falters

The European Union is preparing to provide Ukraine with up to €40 billion in new loans by the end of the year, regardless of U.S. involvement, after a G7 plan to use frozen Russian assets to aid Kyiv fell through, Financial Times reported on Sep. 16.

17 September 2024, 11:52 AM

EU approves Czech purchase of ammunition for Ukraine using proceeds from frozen Russian assets – Ministry of Defense

Part of the funds generated from frozen Russian assets in the EU will be used to purchase and supply ammunition to Ukraine as part of a Czech initiative, Czech Defense Minister Jana Černochová announced on Aug. 20.

20 August 2024, 04:03 PM

Ukraine's financial stability hinges on international partners support, NBU Chair says

Ukraine works with international partners to secure $31 bln and $21 bln in financing for 2025 and 2026, respectively, amid its financial prospects uncertainty, NBU Chair Andriy Pyshniy wrote in his column for Ukrinform agency, published on Aug. 8.

8 August 2024, 01:18 PM

Switzerland declines to transfer frozen Russian asset revenues to Ukraine

Switzerland will not transfer revenues from frozen Russian assets to Ukraine, a step recently taken by the European Union, Swissinfo reported on July 27.

29 July 2024, 01:34 PM

frozen Russian assets

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