Contents tagged with EU
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Euroclear to channel €1.55 billion from blocked Russian assets to Ukraine
Euroclear, the international securities depository, has announced it will contribute approximately €1.55 billion to the European fund for Ukraine from investments of blocked Russian assets by July this year.
According to Euroclear's report released on Friday,July 19th, for the first half of 2024, Euroclear realised €3.4 billion in interest income from investing these frozen Russian assets, compared to roughly €4.4 billion in 2023 and €821 million in 2022.
Euroclear's overall interest income …
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Russia slashes gas prices for Iran after losing European market
Russia is willing to supply natural gas to Iran at a 75% discount compared to European and Turkish prices.
Facing a significant loss of its European gas market, Russia is desperately seeking buyers in alternative markets and is compelled to agree to what some see as humiliating terms for selling its gas. This situation affects even the so-called "friendly" routes for the Kremlin.
An illustrative example is the reported readiness of Russia to supply gas to Iran at a 75% discount compared to …
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Ukraine to receive €1.5 billion in July from frozen Russian assets
Ukraine is poised to gain approximately €1.5 billion in revenue from frozen Russian assets in the EU by July, European Commission President Ursula von der Leyen announced on Tuesday, June 11, at a conference in Berlin focused on Ukraine's recovery.
Von der Leyen specified that the majority of these funds will be allocated for defence, with 10% dedicated to Ukraine’s reconstruction. "We are leveraging financial power to help Ukraine endure and rebuild," she emphasised.
Additionally, von der …
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Lithuanian Foreign Minister urges EU to find creative solutions to support Ukraine
Ahead of an EU foreign ministers' meeting in Brussels, Lithuanian Foreign Minister Gabrielius Landsbergis called on allies to devise a creative solution to support Ukraine.
"Although I am heading to another Council meeting today, I do not believe it should be business as usual. We have to recognize that there is nothing normal about the situation Europe finds itself in, and if we fail to acknowledge this fact, we may end up in even worse circumstances, with the most immediate concerns …
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Kyiv: deliveries of western fighter jets to Ukraine may be unblocked soon
The issue of providing Ukraine with long-range weapons and fighter jets can be resolved, said the Head of the Ukrainian Presidential Administration, Andriy Yermak.
"The issue around long-range weapons and fighters for Ukraine can be resolved soon. Details will be a little later?" Yermak wrote on Telegram.
During a speech in the British Parliament, Ukrainian President Volodymyr Zelensky, presented the Speaker of the House of Commons Lindsay Hoyle with a helmet of a Ukrainian fighter pilot and …
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EU Parliament calls for establishment of special tribunal to punish Russia for crimes against Ukraine
Members of the European Parliament demand that the Russian political and military leadership be brought to justice for aggression against Ukraine. Today, the parliament adopted a resolution stating that the European Union and its members should seek the creation of a special international tribunal to prosecute the Russian authorities and their allies.
The resolution notes the atrocities committed by the Russian military in Bucha, Irpen and many other Ukrainian cities. According to the European …
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EU Parliament declares Russia a state sponsor of terrorism
On Wednesday, November 23, the Parliament of the European Union adopted a resolution recognizing Russia as a state sponsor of terrorism because of the military aggression against Ukraine. 494 members of the European Parliament supported the resolution, 58 voted against, 44 abstained.
By declaring Russia a state sponsor of terrorism and a state that uses the means of terrorism, MEPs intend to prepare the ground for bringing Russian president Vladimir Putin and the Russian government to justice …
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EU report: about 31,000 European companies owned by Russians
Despite the sanctions, Russian citizens continue to be actively engaged in business in the countries of the European Union, reports DW. According to the report, published on Friday, October 28, by the European Commission (EC) on the risks associated with money laundering and terrorist financing, Russians are the owners of almost 31 thousand companies in Europe.
The main areas of their entrepreneurial activity in the EU, as follows from the document, are construction, real estate trade, hotel …
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Hungary demands that certain Russian oligarchs be removed from EU sanctions list
Hungary demands that three Russian oligarchs be excluded from the EU sanctions list. Otherwise, it threatens to block the extension of some parts of the EU sanctions regime against Russia, reported the correspondent of Radio Liberty Rikard Jozwiak, citing diplomatic sources.
According to Jozwiak, Budapest calls for the removal of Alisher Usmanov, Pyotr Aven and Viktor Rashnikov from the sanctions list.
Hungary is also asking for an exception for humanitarian organizations so that they can do …
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Russia blames western sanctions for disrupted deliveries of gas to Europe
According to the The Kremlin, problems with the supply of Russian gas through the Nord Stream pipeline will persist until Western sanctions are lifted.
"Problems in delivery arose because of the sanctions imposed against our country and against a number of companies by Western states, including Germany and the UK. There are no other reasons that would lead to problems with delivery," said Russian presidential spokesperson Dmitry Peskov.
According to Peskov, "one pumping station is working. …