EU Backs Russian Frozen Asset Plan to Aid Ukraine, Sparks Hungarian Anger By Andrew Gray (Reuters) -European Union governments agreed to use 1.4 billion euros ($1.50 billion) in profits from ...

UPDATE 4-EU Backs Russian Frozen Asset Plan to Aid Ukraine, Sparks Hungarian Anger June 24th, 20PM June 24th, 20PM (Updates with Borrell comments at end of meeting, paragraphs 5-6) By Andrew Gray ...

European Union member states have tentatively approved a plan to use the profits generated by Russian sovereign assets frozen in the bloc to support Ukraine’s recovery and military defense.

The European Commission has launched a plan to try using billions of dollars and euros of frozen Russian assets to help finance the reconst EU’s frozen Russian assets plan is best put on ice ...

Belgium says such profits could generate €3 billion a year for Ukraine, and announced plans this month to use €2.3 billion in taxes from Russian assets frozen in Belgian financial institutions ...

How G7 and EU plan to use Russia's frozen assets to help Ukraine. By Jan Strupczewski. June 7, 2024 11:21 AM UTC Updated June 7, 2024 Flags of Ukraine fly in front of the EU ...

The European Union intends to generate hundreds of billions more euros from frozen Russian assets by transferring them to an alternative investment fund. Source: Politico, citing European ...

The U.S. and EU have approved plans to use frozen Russian assets to support Ukraine's war efforts, with $3.3 billion expected to reach Ukraine this year.

At a conference on 24-25 May, Group of Seven finance ministers are expected to back an EU plan to utilise the income from frozen Russian assets to help Ukraine's war effort. Source: Reuters ...

Around 90% of the revenues generated from Russian frozen assets should be spent on arms purchases for Ukraine, Chancellor Olaf Scholz said on Monday, supporting an earlier EU proposal to use ...

The European Union is progressing with plans to apply a windfall tax to the profits generated by frozen Russian central bank assets, while opting not to seize the immobilized money outright.