sharon sanders
Editor-in-Chief & President
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Ukraine War - Economic Consequences thread - February 24+
- Thread starter sharon sanders
- Start date
Pathfinder
Editor, Senior Moderator
Europe to use frozen Russian profits to arm Ukraine, Scholz says
By Sarah Marsh, John Irish and Alan Charlish
March 15, 202411:51 AM CST
BERLIN/PARIS/WARSAW, March 15 (Reuters) - Ukraine's backers will use windfall profits on frozen Russian assets to finance arms purchases for Kyiv, German Chancellor Olaf Scholz said following a meeting with his French and Polish counterparts aimed at showing unity after weeks of friction.
...
"We will use windfall profits from Russian assets frozen in Europe to financially support the purchase of weapons for Ukraine," Scholz said as he listed European Union efforts to increase support for Ukraine.
European Commission President Ursula von der Leyen called last month for the EU to consider using such profits to "jointly purchase military equipment for Ukraine".
The Commission is expected to make a concrete proposal in the coming days.
...
https://www.reuters.com/world/europ...bridge-european-divisions-ukraine-2024-03-15/
By Sarah Marsh, John Irish and Alan Charlish
March 15, 202411:51 AM CST
BERLIN/PARIS/WARSAW, March 15 (Reuters) - Ukraine's backers will use windfall profits on frozen Russian assets to finance arms purchases for Kyiv, German Chancellor Olaf Scholz said following a meeting with his French and Polish counterparts aimed at showing unity after weeks of friction.
...
"We will use windfall profits from Russian assets frozen in Europe to financially support the purchase of weapons for Ukraine," Scholz said as he listed European Union efforts to increase support for Ukraine.
European Commission President Ursula von der Leyen called last month for the EU to consider using such profits to "jointly purchase military equipment for Ukraine".
The Commission is expected to make a concrete proposal in the coming days.
...
https://www.reuters.com/world/europ...bridge-european-divisions-ukraine-2024-03-15/
Pathfinder
Editor, Senior Moderator
Biden announces $8 billion in military aid for Ukraine
PUBLISHED THU, SEP 26 2024 3:14 PM EDT
U.S. President Joe Biden announced more than $8 billion in military assistance for Ukraine on Thursday to help Kyiv repel Russian invaders, using a visit by President Volodymyr Zelenskyy to make a major commitment.
...
The bulk of the new aid, $5.5 billion, is to be allocated before Monday’s end of the U.S. fiscal year, when the funding authority is set to expire. Another $2.4 billion is under the Ukraine Security Assistance Initiative, which allows the administration to buy weapons for Ukraine from companies rather than pull them from U.S. stocks.
...
Congress has approved nearly $175 billion of aid and military assistance for Ukraine and allied nations in the 2-1/2 years since Russia began its full-scale invasion...
https://www.cnbc.com/2024/09/26/biden-announces-8-billion-in-military-aid-for-ukraine.html
PUBLISHED THU, SEP 26 2024 3:14 PM EDT
U.S. President Joe Biden announced more than $8 billion in military assistance for Ukraine on Thursday to help Kyiv repel Russian invaders, using a visit by President Volodymyr Zelenskyy to make a major commitment.
...
The bulk of the new aid, $5.5 billion, is to be allocated before Monday’s end of the U.S. fiscal year, when the funding authority is set to expire. Another $2.4 billion is under the Ukraine Security Assistance Initiative, which allows the administration to buy weapons for Ukraine from companies rather than pull them from U.S. stocks.
...
Congress has approved nearly $175 billion of aid and military assistance for Ukraine and allied nations in the 2-1/2 years since Russia began its full-scale invasion...
https://www.cnbc.com/2024/09/26/biden-announces-8-billion-in-military-aid-for-ukraine.html