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#frozenassets

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Ukraine to receive $1.5 billion in frozen Russian assets in August

The designated funds will finance the “acquisition of priority military equipment,” including air defense, artillery systems, and ammunition.

kyivindependent.com/ukraine-to

The Kyiv Independent · Ukraine to receive $1.5 billion in frozen Russian assets in August, Borrell saysBy Rachel Amran

G7 agrees on transfer of $50 billion in profits from frozen Russian assets to Ukraine

Western countries have frozen $300 billion in Russian assets, they can only access the income generated by these funds, approximately $3.2 billion annually

Setting up a fund with loans to be repaid using this income offers immediate support to Ukraine beyond this amount

kyivindependent.com/g7-to-give

#RussiaInvadedUkraine #RussianAggression #StandWithUkraine
#FrozenAssets

The Kyiv Independent · G7 agrees on transfer of $50 billion in profits from frozen Russian assets to Ukraine"We have an agreement," a French presidency official said, ahead of a summit in Italy, which starts on June 13.

Explaining Washington’s #REPO Act - confiscation of frozen Russian assets

Legal barriers & lobbying so far held up transfer of funds to Ukraine

The bill overcomes the main legal concern, Russia’s sovereign immunity, by paving the way for the Biden administration to confiscate the assets due to Russia’s violation of #InternationalLaw.

kyivindependent.com/explaining

The Kyiv Independent · Explaining Washington’s REPO Act that could kick-start the confiscation of frozen Russian assetsBy Dominic Culverwell