The Belgian Prime Minister stated the legal difficulties of confiscating frozen Russian assets. A significant portion of them, 183 billion euros, is located in Brussels at Euroclear.
The European Union has transferred 10. 1 billion euros in revenues from frozen Russian central bank funds to Ukraine. These funds are used to support military and civilian projects in Ukraine.
President of Ukraine Volodymyr Zelenskyy emphasized that a political decision by the G7 is key to the confiscation of frozen Russian assets, most of which are located in Europe. He noted that after such a decision, tools will emerge to use these funds for the benefit of Ukraine.
Euroclear CEO Valerie Urbain believes that the European Commission's plan to invest frozen Russian assets in riskier instruments to increase profits for Ukraine is "expropriation. " She warns of significant risks and potential losses that could arise from such actions.
The European Union is developing a scheme to increase profits from almost €200 billion in frozen Russian assets by moving them into riskier investments. This will ensure long-term support for Ukraine.
Ukraine has expressed dissatisfaction with the EU's plans to pay €3 billion to private investors from frozen Russian assets. Kyiv considers this unfair, insisting on compensation for the victims of aggression.
The government of Ukraine has approved an agreement with Japan to attract about $3 billion within the Ukraine Facility. The funds will go to priority budget expenditures, reconstruction and development.
Euroclear will redistribute 3 billion euros of frozen Russian funds to Western investors to compensate for losses from Moscow's actions. Russia has already arrested 3 billion euros of Euroclear funds.
The UK and the EU are discussing the seizing of frozen Russian assets to increase defence spending and increase pressure on Putin. The negotiations will include legal and financial cover for the confiscation.
The Baltic states and Northern Europe insist on the immediate transfer of frozen Russian assets to Ukraine. France, Germany and other major EU states are against it, considering it a lever of influence on Russia.
The EU is studying options for confiscating frozen Russian assets to support Ukraine. The use of assets as collateral through the International Claims Commission is being considered.
A Belgian royal decree dating back to World War II could help preserve frozen Russian assets in the event of a Hungarian veto. Orban threatens to block the extension of EU sanctions, waiting for Trump's position.
European Commissioner Valdis Dombrovskis has called for the confiscation of frozen Russian assets for Ukraine. The EU is reassessing the risks of such a move amid a possible reduction in US aid.
The Cabinet of ministers approved the terms of a 40-year loan from Federal Financing Bank for. 20 billion at 1.3% per annum. The funds will come through a special fund of the World Bank and will be repaid at the expense of frozen assets of the Russian Federation.
The European Commission is considering allowing Euroclear to use frozen Russian assets to protect the G7 loan to Ukraine. This could compensate the company for possible losses due to sanctions lawsuits by Russia.
The National Bank of Ukraine has strengthened the official hryvnia exchange rate by 10 kopecks to 41. 23 UAH/USD. In banks and exchange offices, a dollar can be bought for UAH 41.62-41.80, and a euro for UAH 45.30-45.65.
Euroclear promises a first installment of €1. 5 billion from frozen Russian assets for Ukraine in July. The funds will be used for weapons, air defense, ammunition, and the development of the defense industry.
