Source link The bloc will continue to look at options for using proceeds from frozen assets, leaders have said in a summit declaration The EU will continue to “explore options” for the seizure of revenues generated by frozen Russian assets to fund Ukraine, bloc leaders said after a summit in Brussels on Thursday. The West […]
Source link Western allies are looking for “viable” options to expropriate the funds, US Treasury Secretary Yellen has said The US and its allies will keep seeking a “firm” legal rationale to underpin plans to confiscate frozen Russian assets, US Treasury Secretary Janet Yellen told Reuters on Thursday. In an interview held shortly after a […]
Source link The bloc had been debating directing the income generated by the reserves to Ukraine for more than a year EU member states have reached an agreement that is expected to allow Brussels to transfer the income generated by Russia’s frozen central bank reserves to Kiev, according to an X (formerly Twitter) post on […]
Source link The Latin American country is heading towards 200% inflation amid the worst economic crisis in decades The International monetary Fund (IMF) has agreed to unlock $4.7 billion for Argentina as part of a debt restructuring plan even though the country missed targets related to its $43 billion loan program, the fund announced on […]
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 […]