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Ukraine Funding

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EU capitals push to revive frozen Russian assets plan for Ukraine funding
europe1 month ago

EU capitals push to revive frozen Russian assets plan for Ukraine funding

EU heavyweights from the Netherlands, Poland, Spain and Sweden urge Brussels to restart the use of frozen Russian state assets to back a Kyiv loan, citing Ukraine's roughly €23 billion defense funding hole. Past efforts to leverage about €210 billion of assets stalled over legal/guarantee concerns, while the EU has committed a €90 billion loan to Ukraine to be disbursed over 18 months, contingent on reforms. Belgium seeks safeguards as the debate returns ahead of a foreign ministers’ gathering.

via politico.eu|
#eu-sanctions#europe#european-commission
EU's €90 Billion Ukraine Aid and the Ongoing Russia-Ukraine Conflict
world9 months ago

EU's €90 Billion Ukraine Aid and the Ongoing Russia-Ukraine Conflict

The EU has agreed to raise €90 billion through joint borrowing to support Ukraine's military and budget needs, with funds to be repaid only after Russia pays reparations, and with some countries exempted from vetoes and costs. The plan involves issuing bonds on the markets, with interest costs shared among member states, and includes conditions related to anti-corruption and defense industry criteria.

via Euronews.com|
#eu-joint-debt#european-union#russian-assets
EU leaders debate use of Russian assets to fund Ukraine aid
world9 months ago

EU leaders debate use of Russian assets to fund Ukraine aid

EU leaders are debating whether to loan Ukraine billions of euros from frozen Russian assets held in the EU, mainly in Belgium, to support Ukraine's military and economic needs amid ongoing war tensions. The decision faces opposition from Belgium and Hungary, with legal and political hurdles, but could significantly impact Ukraine's ability to continue fighting and influence the broader conflict.

via BBC|
#belgium-opposition#eu-summit#european-union
EU Leaders Converge to Decide on Ukraine Support Amid Rising Tensions
world9 months ago

EU Leaders Converge to Decide on Ukraine Support Amid Rising Tensions

EU leaders are preparing for a high-stakes summit to decide on using frozen Russian assets to fund Ukraine's economic and military needs, proposing a controversial 90 billion-euro reparations loan with potential legal and diplomatic challenges, amid disagreements among member states about the best approach and concerns over trust and legal implications.

via PBS|
#eu-summit#european-union#frozen-russian-assets
"House Republicans Pressure Speaker Johnson as Biden Signs $1.2 Trillion Spending Package, Averting Shutdown"
politics2 years ago

"House Republicans Pressure Speaker Johnson as Biden Signs $1.2 Trillion Spending Package, Averting Shutdown"

After finalizing a permanent spending package, House Speaker Mike Johnson faces pressure from hardline House Republicans, particularly the Freedom Caucus, who are critical of his concessions to pass the budget bill and are gearing up to challenge him on Ukraine funding. The hardliners are adamant that no aid should go to Ukraine if the U.S. border remains open, reflecting the growing influence of border security as a key issue for Republicans in the 2024 election. Johnson's efforts to balance the interests of hardline conservatives and keep the government running are reminiscent of former Speaker Kevin McCarthy's ouster, and the upcoming Ukraine funding decision poses a significant challenge for him.

via CNBC|
#border-security#budget-bill#house-republicans
Border Battle: Democrats' Strategic Shift and Impact on House Races
politics2 years ago

Border Battle: Democrats' Strategic Shift and Impact on House Races

Fox News Chief Political Analyst Brit Hume criticized hardline Republicans for killing a border security bill negotiated in the Senate, warning that it could make the GOP look like a "do-nothing Congress." The $118 billion bill was rejected by the House, with conservative hardliners arguing it didn't go far enough to end illegal immigration. Meanwhile, a $95.3 billion aid package for Ukraine, Israel, and Taiwan was approved in the Senate but faces opposition in the House, with demands for border security funding. President Biden urged House Speaker Mike Johnson to bring the bill to the House for a vote, emphasizing the importance of standing strong for allies and not bowing down to anyone, including Vladimir Putin.

via Newsweek|
#border-security#fox-news#politics
"Senate GOP's Hardline Border Stance Squeezes Biden on Ukraine Aid"
politics2 years ago

"Senate GOP's Hardline Border Stance Squeezes Biden on Ukraine Aid"

President Biden and Senate GOP are pressuring Speaker Mike Johnson to accept a deal on Ukraine funding and border security, emphasizing the urgency of the situation. The package also includes funding for Israel and the Indo-Pacific region. Johnson has pushed back against the emerging Senate border deal, but Senate leaders are confident about finalizing the package. McConnell urges GOP to consider broader national security needs and warns of serious consequences if aid for Ukraine and Israel is delayed. Schumer is optimistic about reaching a deal in the Senate soon.

via The Hill|
#border-security#politics#president-biden
"Border Security and Ukraine Funding Legislation Stalled as Lawmakers Struggle to Find Common Ground"
politics2 years ago

"Border Security and Ukraine Funding Legislation Stalled as Lawmakers Struggle to Find Common Ground"

Lawmakers are unlikely to advance legislation on border security and Ukraine funding before Christmas, as negotiations continue without a finalized agreement. GOP lawmakers are tying border reform as a condition for passing aid to Ukraine, and while progress is being made, a written proposal has not been reached. Republican senators have raised concerns about rushed and secret negotiations with Democrats, requesting a conference meeting in January to discuss the matter. Senate Minority Leader Mitch McConnell has noted that without sufficient time to review the legislation, it would not succeed. Talks are expected to continue, and if a deal is not reached soon, negotiations may be delayed until the new year.

via Fox News|
#border-security#legislation#negotiations