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Japan to transfer $3 billion from frozen Russian assets to Ukraine, Zelensky says

Japan is poised to allocate an additional $3 billion dollars from frozen Russian assets to Ukraine, President Volodymyr Zelensky reported on Dec. 25. In a phone call with Japanese Prime Minister Shigeru Ishiba, Zelensky expressed his gratitude for Japan's previous aid to Ukraine, which has totaled $12 billion and "makes it possible to save thousands […]

Ukraine

December 25, 2024

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EU approves 35-billion-euro loan for Ukraine using frozen Russian assets

European Union countries have approved an unprecedented plan to issue a 35-billion-euro ($37.2 billion) loan to support Ukraine's war-torn economy, using Russia's immobilized Central Bank assets as collateral. The deal is part of a broader G7 initiative to provide €45 billion ($50 billion) in aid to Kyiv, struggling to counter a renewed Russian offensive that […]

Ukraine

October 9, 2024

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US to send $15 billion to Ukraine using frozen Russian assets, PM says

The United States will provide Ukraine with $15 billion, backed by future revenues from frozen Russian assets, Ukrainian Prime Minister Denys Shmyhal announced on Dec. 30. The agreement was signed between Ukraine's Finance Ministry and the World Bank, Shmyhal said. "These funds are part of the PEACE in Ukraine project and represent a portion of […]

Ukraine

December 30, 2024

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European Council says Russian assets should remain frozen until end of war, payment of reparations

The European Council said on Oct. 17 frozen Russian assets should "remain immobilized" until Moscow ends its full-scale war on Ukraine and makes reparations for damages caused to the country. Estimates of the damage that Russian aggression over the past decade has caused to Ukrainian infrastructure have varied. The World Bank said in February 2024 […]

Ukraine

October 18, 2024

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Zelensky offered to buy weapons from incoming Trump administration with frozen Russian assets

President Volodymyr Zelensky previously offered U.S. President-elect Donald Trump for Ukraine to buy American weapons at the expense of $300 billion in frozen Russian assets, Zelensky revealed in an interview with American podcaster Lex Fridman published on Jan. 5. "This is one of the security guarantees. Take the money, what we need for our interior […]

Ukraine

January 5, 2025

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UK to provide Ukraine with $2.9 billion military loan, to be repaid with proceeds from frozen Russian assets

London will provide Ukraine with a loan worth £2.26 billion ($2.9 billion) backed by profits from frozen Russian assets, the U.K. government announced on Oct. 22. The funds are the U.K.'s contribution to the Group of Seven (G7)'s initiative to provide Kyiv with a $50 billion loan by the end of the year, which will […]

Ukraine

October 22, 2024

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Head of Ukraine's Customs Service suspected of failing to declare over $100,000 in assets

Law enforcement agents are investigating Serhiy Zvyagintsev, the interim head of Ukraine's State Customs Service, over suspicions that Zvyagintsev failed to declare a home near Kyiv, that has been evaluated to be worth over $100,000, the country's National Anti-Corruption Bureau (NABU) said on Jan. 6. Investigators believe that Zvyagintsev and his family are the actual […]

Ukraine

January 6, 2025

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G7 to provide Ukraine $50 billion in loans backed by frozen Russian assets

The Group of Seven (G7) has reached an agreement to provide Ukraine with approximately $50 billion in loans backed by the revenue from foreign Russian assets, the G7 announced on Oct. 25. "Our aim is to begin disbursing the funds by the end of the year," a statement from the G7 leaders read. During the […]

Ukraine

October 25, 2024

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EU provides Ukraine with $3 billion, first tranche of loans from bloc backed by Russian frozen assets

Ukraine has received 3 billion euros ($3 .09 billion) from the EU, the first tranche of loans from the bloc funded by proceeds of frozen Russian assets, Prime Minister Denys Shmyhal said on Jan. 10. The money has been provided through the Extraordinary Revenue Acceleration (ERA) initiative, in which G7 countries pledged to provide Ukraine […]

Ukraine

January 10, 2025

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Finnish court orders seizing Russian assets at request of Ukraine's Naftogaz company

A Finnish court in Helsinki ruled in favor of Ukraine’s state-owned oil and gas company Naftogaz and ordered the seizure of Russia's assets in Finland worth tens of millions of dollars, the company’s statement read on Oct. 28. According to a ruling in 2023 by the Permanent Arbitration Court based in The Hague, Russia is […]

Ukraine

October 28, 2024

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Biden team seeks European support to leverage frozen Russian assets in talks with Moscow, CNN reports

As the Biden administration prepares to leave office, it is reportedly urging European partners to support the transfer of frozen Russian central bank assets worth $300 billion to a special account as leverage in negotiations with Moscow, CNN reported on Jan. 15, citing anonymous administration officials. The strategy reportedly aims to pressure Moscow by signaling […]

Ukraine

January 15, 2025

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Ukraine, EU sign agreement on up to 35 billion euro loan covered by Russian assets revenue

Ukraine's Finance Ministry and the EU signed a memorandum and an agreement to attract up to 35 billion euros ($36.7 billion) as part of the G7 loan, the ministry said on Dec. 4. The European Commission unveiled the 35-billion-euro loan in September within the framework of the G7's broader $50 billion loan, which is covered […]

Ukraine

December 4, 2024

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