Source link The decision comes just a day before the bloc is set to discuss new aid to Kiev and accession talks opposed by Budapest The EU Commission announced it was releasing billions of euros in cohesion funds for Hungary and declared that its government had taken relevant steps to ensure judicial independence on Wednesday. […]
Source link Some Swiss financial institutions have begun charging their Russian clients fees on frozen accounts; these sometimes accrue interest payments years in advance, Vedomosti reported on Tuesday, citing bankers and a brokerage firm. A source in an auditing company told the outlet, citing an employee at one of the Swiss banks, that commissions on […]
Source link Switzerland has an estimated 7.7 billion Swiss francs ($8.81 billion) of Russian assets frozen in its financial institutions, the national agency overseeing sanctions announced late last week. While the figure is a provisional estimate and may be subject to change, it represents an increase on the 7.5 billion francs the Swiss authorities said they […]
Source link The European Union may unveil a proposal to tax profits from more than €200 billion ($218 billion) of frozen Russian central bank assets in order to help rebuild Ukraine, Bloomberg reported this week. A person familiar with the discussions told the outlet that the plan, which is expected to be released on December […]
Source link Using the funds could jeopardize the euro’s reputation, the bank’s vice president has said The EU should not use frozen Russian assets in order to help rebuild Ukraine, the European Central Bank (ECB) vice president, Luis de Guindos, said in an interview with De Standaard and La Libre Belgique news outlets published on […]
Source link The Ukrainian president told visiting reporters that Kiev has “already lost too many people” in the conflict with Russia The next generation of Ukrainians or their offspring may end up fighting if Ukraine’s conflict with Russia becomes ‘frozen’ at this stage, President Vladimir Zelensky has told a group of visiting journalists in Kiev. […]