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EU proposes immobilizing Russian assets to secure Ukraine loan

Financial Times — July 24, 2024, 08:00 AM UTC

Summary: The EU plans to propose indefinite immobilization of Russian central bank assets to address US concerns over a $50 billion loan to Ukraine. This measure aims to ensure repayment from profits generated by €260 billion in frozen assets. G7 leaders agreed on the loan in June, with expected annual profits of €3 billion. The proposal requires unanimous approval from EU member states, complicating negotiations.

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Timeline:

  1. [1.8]
    US approves $1.7 billion aid to Ukraine amid debt crisis (rt.com)
    39d 12h
    Source
  2. [4.1]
    US announces $1.7 billion military aid for Ukraine (news24.com)
    39d 14h
    Source
  3. [1.7]
    Pentagon discloses $56.1 billion military aid to Ukraine (rt.com)
    39d 14h
    Source
  4. [3.3]
    EU transfers €1.5 billion to Ukraine from frozen Russian assets (zerohedge.com)
    41d 12h
    Source
  5. [5.0]
    F-16s arrive in Ukraine, limited battlefield impact expected (washingtonpost.com)
    41d 18h

    ScoresSource
  6. [4.1]
    EU transfers $1.6 billion from frozen Russian assets to Ukraine (indiatoday.in)
    42d 14h
    Source
  7. [4.5]
    G7 aims for $50 billion Ukraine loan by October (livemint.com)
    43d 5h
    Source
  8. [4.4]
    G7 aims for $50 billion Ukraine loan by October (livemint.com)
    43d 5h
    Source
  9. [5.3]
    EU allocates $1.6 billion from frozen Russian assets to Ukraine (abcnews.go.com)
    43d 12h

    ScoresSource
  10. [4.5]
    EU allocates $1.6 billion from frozen Russian assets to Ukraine (thestar.com)
    43d 12h
    Source
  11. [3.8]
    EU transfers €1.5 billion from frozen Russian assets to Ukraine (firstpost.com)
    43d 13h
    Source
  12. [5.0]
    EU transfers €1.5 billion from frozen Russian assets to Ukraine (news.yahoo.com)
    43d 14h

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  13. [6.1]
    US banks must report Russian assets for potential seizure (The Associated Press)
    45d 22h

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