The transfer is the first of its kind under the novel scheme based on Russia’s immobilised assets, estimated to be worth €210 billion across the bloc. The European Union has sent $1.6 billion to Ukraine […]
G7 leaders agreed on Thursday to lend Ukraine $50 billion this year- backed by profits from frozen Russian assets- to help the country’s war effort and rebuilding. A plan to use frozen Russian assets for […]
The House passed a foreign aid package on Saturday, as well as the REPO Act, which will allow the Biden administration to confiscate billions of dollars’ worth of Russian assets sitting in U.S. banks and transfer […]
President Joe Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for the reconstruction of Ukraine, a shift as the White House seeks […]
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