US EditionHopes for Glidepath on How EU Uses Frozen Russian Assets
8 Articles
8 Articles
Hopes for glidepath on how EU uses frozen Russian assets
Just days after Russia launched its full-scale invasion of Ukraine in February 2022, the US administration worked with G7 countries to freeze some $300 billion in Russian assets kept in various holdings from foreign currencies to government bonds.
ANALYSIS. A complicated but ingenious plan has been devised to use the hundreds of billions of Russian rubles seized by the EU. This way, Ukraine will be able to use the money – without actually taking it.
In Copenhagen, on Wednesday 1 October, the Twenty-Seven will discuss a scheme proposed by the Commission and supported by Berlin. Political, technical and legal issues remain numerous.
El Periódico
In the midst of Russian escalation, European Union (EU) leaders meet this Wednesday in Copenhagen at an informal summit to move towards a reinforced common defence policy, while discussing how to maintain sustained and sustainable economic and military support for Ukraine, with increasing voices advocating to use Russian frozen assets. Continue reading....
Ukraine's financial needs to be discussed at an informal EU summit. Something big could happen for Ukraine on Wednesday. The informal European Union summit starting in Copenhagen is scheduled to discuss a proposal by European Commission President Ursula von der Leyen to use frozen Russian funds for the benefit of Ukraine.
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