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SupportSanity

(602 posts)
Fri Jul 26, 2024, 08:52 AM Jul 26

In a first, EU transfers 1.5 billion to Ukraine using Russia's frozen assets

Source: euronews.com

The transfer is the first of its kind under the novel scheme based on Russia's immobilised assets, estimated to be worth €210 billion across the bloc.

The European Union has sent €1.5 billion to Ukraine using the extraordinary revenues obtained from the Russian Central Bank's assets that remain immobilised as part of the bloc's far-reaching sanctions.

- snip -

Brussels worries that the widespread destruction of Ukraine's power grid could trigger a humanitarian crisis and a new migration exodus come winter.

"The EU stands with Ukraine," European Commission President Ursula von der Leyen said on Friday. "There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live."

Read more: https://www.euronews.com/my-europe/2024/07/26/in-a-first-eu-transfers-15-billion-to-ukraine-using-russias-frozen-assets



A great use of frozen funds.
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Leghorn21

(13,637 posts)
4. Absolutely, SS, there are billions AND BILLIONS more $$$ to be sent to Kyiv pronto!!
Fri Jul 26, 2024, 09:34 AM
Jul 26

Hopefully, just crossing this hurdle for the first time encourages other entities to go ahead and DO THE RIGHT THING!!

Thanks for a great piece of news at the tail end of a really fantastic week, LET’S GOOOO!!

riversedge

(71,919 posts)
10. NONE of it should Ever be given back to Putin--as Ukraine will need money
Fri Jul 26, 2024, 10:30 AM
Jul 26

to rebuild and rebuild. and rebuild.
But I wish more money could be pumped into Ukraine--and kick out Putin with a big kick!

riversedge

(71,919 posts)
9. ha ha. Here is hoping Puting has an upset tummy-a very bad one on this announcement!! Unfortunately,
Fri Jul 26, 2024, 10:27 AM
Jul 26

I fear for the people of Ukraine as it will probably only make him more ugly and meaner.

AllyCat

(16,738 posts)
12. Yes! Use this money and the oligarch cash to help the people they are hurting
Fri Jul 26, 2024, 10:34 AM
Jul 26

Brilliant and long overdue.

tornado34jh

(1,212 posts)
18. Russia is mad all right, but then again, just in Russia itself the oligarchs have stolen money from the public
Fri Jul 26, 2024, 05:19 PM
Jul 26

Remember, at the end of the day, it is not about Russian speakers. Ukraine has had them for a while, especially in Crimea and eastern Ukraine. Heck, Volodymyr Zelensky himself grew up as a native Russian speaker in Kryvyy Rih (literally means "Crooked Horn&quot . Also, especially in eastern Ukraine, there is something called Surzhyk/Surzhik, which is like a mix of Ukrainian and Russian. But they again, they should have never occupied Ukraine in the first place in 2014, never mind doing a full-scale invasion of Ukraine. They have no one to blame but themselves.

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