frozen russian assets

France will tap income from frozen russian assets to help maintain some 60 French-made Caesar howitzers delivered to Ukraine, France's foreign minister said on Friday. "By mobilising income from frozen russian assets, France... will be able to ensure the continued maintenance of the Caesar cannons it has supplied to Ukraine to help resist Russian attacks," said Foreign Minister Jean-Noel Barrot.

The Czech Republic announced it would use interest from frozen russian assets in the EU to purchase hundreds of thousands of artillery shells for Ukraine. The EU nations had blocked Russian assets worth $300 billion since the 2022 invasion. This funding decision aims to bolster Ukraine's defense amid ongoing conflict with Russia.

US President Trump reacted positively to Russian President Putin's offer to contribute $1 billion to his proposed "Board of Peace," suggesting he would accept if the funds were Putin's own. Putin indicated frozen russian assets could be used for this, and later to rebuild Ukraine. Trump signed the charter for the body, which aims to oversee peace efforts globally.

On Wednesday, European Commission President Ursula von der Leyen urged for proceeds from Russian assets frozen in the West to be used to purchase military weapons for Ukraine. Calls have been made to discover ways to help Kyiv's war effort by tapping into bank accounts, investments, and other assets that were frozen after Russia invaded its neighbor in 2022.

Russia's London embassy condemned Britain's £2 billion aid package to Ukraine, funded by frozen russian assets, as a "fraudulent scheme." The UK clarified the G7-backed funds will bolster Ukraine's military, including developing long-range drones. Russia's Foreign Ministry echoed the criticism, labeling similar US aid as "robbery."

EU faces Russian retaliation over using frozen assets to support Ukraine. US plans to accelerate income from assets to aid Ukraine. G7 negotiates on $300 billion in frozen russian assets. Russia's retaliation options limited by reduced foreign investment, potentially targeting private investors' funds.

Under Vladimir Putin's decree, Russia plans to identify US property for compensation in response to frozen russian assets after the Ukraine invasion. G7 negotiators are discussing the use of $300 billion in Russian financial assets. Russian entities can claim compensation in the form of US assets or property in Russia.

Russia has issued a warning. It says it will target any European nation that tries to seize its assets. This follows reports that the European Union is exploring ways to use frozen Russian funds to support Ukraine. Russia considers any seizure of its assets as theft.

G7 finance ministers are expected Saturday to agree a broad plan to use interest from frozen russian assets for Ukraine, paving the way for a potential agreement among leaders next month. Any detailed agreement would require the approval of G7 leaders, who meet next month in Puglia, but observers have suggested that a deal "in principle" could be agreed on Saturday.

President Biden and president Macron agreed to use profits from frozen russian assets to support Ukraine. The plan involves leveraging these funds to secure a $50 billion loan, despite concerns and objections from Russia, which views this as theft.

Russia will confiscate assets belonging to European Union states it deems unfriendly if the bloc "steals" frozen Russian funds in a drive to fund Ukraine, a top ally of President Vladimir Putin said on Sunday. Ursula von der Leyen, the president of the European Commission, said on Friday that the EU executive was working on a proposal to pool some of the profits derived from frozen Russian state assets to help Ukraine and its post-war reconstruction.

Russia has warned that it will seize assets of unfriendly European Union (EU) member states if the EU decides to use frozen Russian funds to support Ukraine's recovery. Vyacheslav Volodin, a key ally of President Vladimir Putin, stated that if the EU takes action against Russian assets, Moscow will respond by imposing higher costs on the EU. This comes after Ursula von der Leyen, President of the European Commission, mentioned the possibility of using profits from frozen Russian state assets for Ukraine's reconstruction.

G7 finance ministers to back EU plan using frozen russian assets for Ukraine's war effort. Italy, as G7 president, aims to revive international deal on taxing rights, supported by US Congress struggles.

Russia will retaliate against any country seizing its assets, including Western and Ukrainian assets. Seizing Russian assets worth $300 billion would harm the international financial system. Russia will defend its rights through legal means. The Kremlin is preparing to strengthen its immigration system to address concerns about national identity. A list of instructions is being developed to improve the existing system. Migration to Russia mainly comes from Central Asian states, which were part of the Soviet Union. The issue is complex due to a shortage of skilled workers caused by Russians leaving during the war in Ukraine.

President Putin has offered to use Russian assets frozen in the US for Ukraine's reconstruction post-peace treaty. He also proposed a $1 billion contribution from these funds to Donald Trump's Gaza peace initiative, a plan discussed with Washington and set for further talks with Trump's envoys. This move aims to appeal to the US president and potentially avert further sanctions.

Ukrainian President Zelenskyy contrasted Venezuelan leader Maduro's trial with Russian President Putin's freedom, questioning why the instigator of a major European war remains at large. Zelenskyy's remarks, made at the World Economic Forum, followed Putin's suggestion to use frozen russian assets for Ukraine's reconstruction and a Gaza ceasefire plan.

The European Union (EU) has frozen russian assets worth around 17 billion euros ($16.9 billion) since Moscow invaded Ukraine, EU justice commissioner Didier Reynders said in an interview published Saturday.

France will utilize part of 1.4 billion euros from frozen russian assets to finance military equipment for Ukraine. The European Commission has authorized the rapid procurement of essential materials, including ammunition and air defenses. Around 200 billion euros in Russian assets have been frozen across the EU since Russia's invasion of Ukraine in 2022.

Former British Prime Minister Rishi Sunak urges Western nations to seize $300 billion in frozen russian assets to fund Ukraine's reconstruction. He argues that Russia, not Western taxpayers, should bear the cost for the destruction caused by its invasion of Ukraine, highlighting legal pathways and support from European leaders.

Dmitry Medvedev, a senior security official, mentioned that Russia may retaliate to any US seizure of its frozen currency reserves by confiscating assets of US citizens and investors in Russia. The US House of Representatives approved legislation allowing the seizure of Russian assets in American banks.

Russia's finance ministry on Thursday said the state would not take part in organising frozen asset 'exchanges', instead leaving that up to financial market players. President Vladimir Putin on Wednesday signed a decree allowing foreign investors from "unfriendly" countries - those that imposed sanctions on Moscow - to buy securities held abroad by Russians by using funds from special "type-C" accounts in Russia, which are otherwise effectively blocked.

The European Union's executive is set to approve a legal proposal on using proceeds from Russian assets frozen under sanctions. However, doubts in France, Germany, and Belgium mean that Ukraine would not receive the money anytime soon. The draft law is expected on Dec. 12, just before the EU summit where budgetary and military aid for Kyiv are at stake. The proposal aims to introduce standard rules for handling frozen russian assets.