Despite the US House of Representatives approving $61 billion in aid to Ukraine, one can expect further diplomatic hurdles over bankrolling the rest of Kiev’s bills, wrote The Washington Post.
Western plans to confiscate Russia’s sovereign assets should have sufficient legal grounds and should not cause the destruction of the global monetary system, International Monetary Fund (IMF) spokesperson Julie Kozack said on Thursday.
Assets of individuals and legal entities from Russia worth more than 660 million euros ($711 million) were frozen in the Netherlands as of January 11, Russian Ambassador Vladimir Tarabrin said on Thursday
Various proposals for confiscating frozen Russian assets have been mulled over by EU and US officials for months now, but there is a new twist to the story following recent developments in the US Senate. However, Russia s tit-for-tat countermeasures would come at a greater price.
Belgium will allocate 611 million euros ($663 million) to help Ukraine in 2024 from the profits received from the frozen assets of Russia, La Libre newspaper on Tuesday, citing Defense Minister Ludivine Dedonder.