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EU allocates $1.6 billion from frozen Russian assets to Ukraine

abcnews.go.com — July 26, 2024, 12:00 PM UTC

Summary: The European Union has allocated 1.5 billion euros ($1.6 billion) to support Ukraine, sourced from profits on frozen Russian assets. This funding is part of a broader initiative to utilize interest from approximately 210 billion euros ($225 billion) in immobilized Russian central bank assets. The EU estimates these assets could generate around 3 billion euros annually for Ukraine's defense and reconstruction efforts.

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Timeline:

  1. [1.8]
    US approves $1.7 billion aid to Ukraine amid debt crisis (rt.com)
    39d 14h
    Source
  2. [4.1]
    US announces $1.7 billion military aid for Ukraine (news24.com)
    39d 16h
    Source
  3. [1.7]
    Pentagon discloses $56.1 billion military aid to Ukraine (rt.com)
    39d 16h
    Source
  4. [3.3]
    EU transfers €1.5 billion to Ukraine from frozen Russian assets (zerohedge.com)
    41d 14h
    Source
  5. [5.0]
    F-16s arrive in Ukraine, limited battlefield impact expected (washingtonpost.com)
    41d 20h

    ScoresSource
  6. [4.1]
    EU transfers $1.6 billion from frozen Russian assets to Ukraine (indiatoday.in)
    42d 16h
    Source
  7. [4.5]
    G7 aims for $50 billion Ukraine loan by October (livemint.com)
    43d 7h
    Source
  8. [4.4]
    G7 aims for $50 billion Ukraine loan by October (livemint.com)
    43d 7h
    Source
  9. [4.5]
    EU allocates $1.6 billion from frozen Russian assets to Ukraine (thestar.com)
    43d 14h
    Source
  10. [3.8]
    EU transfers €1.5 billion from frozen Russian assets to Ukraine (firstpost.com)
    43d 15h
    Source
  11. [5.0]
    EU transfers €1.5 billion from frozen Russian assets to Ukraine (news.yahoo.com)
    43d 16h

    ScoresSource
  12. [6.2]
    EU proposes immobilizing Russian assets to secure Ukraine loan (Financial Times)
    45d 18h

    ScoresSource
  13. [6.1]
    US banks must report Russian assets for potential seizure (The Associated Press)
    46d 0h

    ScoresSource