Categories: News

To finance Kiev, the EU wants to use the stable assets of the Russian Central Bank

Ukrainian Prime Minister Denis Shmihal (left) and EU High Representative for Foreign Affairs Josep Borrell (right) on the sidelines of an EU-Ukraine press conference on Wednesday 20 March.
Virginia Mayo/AFP

Decryption – To support the Ukrainian military, twenty-seven has 3 billion euros in annual profits from Russian goods.

For Ukraine, “Summer will be decisive”. The European Union’s High Representative for Foreign Affairs, Josep Borrell, warned member states: As Russia regains ground and Ukraine runs out of ammunition, the European Union must be able to increase its support. A vital need for Kiev, whose war-induced colossal costs have made it dependent on foreign financial aid.

It is for this that the European Executive has developed a new financing possibility. In a plan tabled on Wednesday, the European Union proposes, in 2022, to use part of the extraordinary profits generated by Russian central bank assets frozen in Europe since the start of the invasion. According to a highly placed American source, about $280 billion held abroad by the Bank of Russia was blocked by the West, including 210 billion in Europe.

War in Ukraine: Kiev receives 4.5 billion euros in aid from the European Union

Kiev has also urged several Eastern European capitals, as well as London…

This article is reserved for subscribers. You have 81% left to find.

Flash sale

€4.49/month for 12 months

Already subscribed? Enter

Source link

Admin

Recent Posts

100 million degrees for 48 seconds: South Korea’s ‘artificial sun’ moves closer to nuclear revolution

This is a new record that scientists from the Korea Fusion Energy Institute (KFE) have…

7 months ago

The report offers solutions for insurers facing future growth in natural disasters

Damages associated with drought, floods, hail and other increasingly violent events are expected to increase…

7 months ago

You still have time to claim this exciting investigation

An estimated 9 million people in the United States are still waiting for their final…

7 months ago

IDF recognizes “serious mistake” in killing seven members of NGO World Central Kitchen

The death of seven humanitarian workers from the American NGO World Central Kitchen in an…

7 months ago

Fortnite Shop Apr 3, 2024 – Fortnite

Today, at one o'clock in the morning, Gamer updates it Boutique de Fortnite Through the…

7 months ago

Sharon Stone tried to make a Barbie movie in the 1990s

The Basic Instinct and Casino actress looks back at a time in Hollywood when adapting…

7 months ago