Versailles Ryssland G7 och Ukraina
G7 leaders agreed that Russia’s sovereign assets would remain immobilized until Russia repays Ukraine for the damage
EU Advances €35 Billion Ukraine Loan Plan Tied to Russian Assets
The member states’ envoys endorsed on Wednesday the new mechanism backed by Group of Seven nations that would use the proceeds derived from the frozen assets to pay back the loan.
The US and the EU had initially agreed on contributing similar amounts of about $20 billion each as part of the G-7’s $50 billion package, but Washington demanded a more durable sanctions regime from Europe to ensure the windfall profits remain available.
The current immobilization requires unanimous renewal by the 27 member states every six months.
The EU is in the process of trying to adjust its sanctions regime so it only needs to be renewed every 36 months.
G-7 nations are expected to complete their pledges to the $50 billion package in a ministerial meeting on Oct. 25.
Bloomberg 9 October 2024
The United States needed assurances that codify the commitments of the Group of 7 leaders, who had agreed that Russia’s sovereign assets would remain immobilized until the war ends and until Russia repays Ukraine for the damage it had caused.
New York Times 17 September 2024
https://englundmacro.blogspot.com/2024/09/group-of-7-officials-how-to-use-300.html
Tillbaka till Wall Street och Stockholm 10 oktober 2024
https://englundmacro.blogspot.com/2024/10/wall-street-och-stockholm-10-oktober.html
Kommentarer