Euromaidan Press
News and Opinion from Ukraine and Europe on Military and Political Developments.
Politico: Non-military option for neutral countries in EU plan on using frozen Russian asset proceeds.
The European Union is considering allowing its neutral member countries to opt out of using frozen Russian asset proceeds to purchase weapons for Ukraine, according to Politico, citing unnamed European diplomats.
Instead, these neutral nations would limit themselves to providing humanitarian assistance to Ukraine from the Russian asset proceeds. This proposed exemption comes ahead of a meeting this Wednesday where EU envoys aim to strike a deal unlocking funding for Ukraine’s military aid.
The EU had originally proposed in March to use 90% of the profits from Russia’s sovereign assets frozen by Euroclear to buy arms for Ukraine, with the remaining 10% going to humanitarian aid. However, neutral countries like Austria, Malta, Cyprus, and Ireland demanded an exemption from the weapons purchases.
Politico reports that the latest proposal circulated on Friday takes “ a slightly tougher approach ” to Euroclear by halving its commission from the frozen assets to 1.5% from 3% originally planned. Even so, Euroclear would still retain billions as protection against potential lawsuits from Russia.
If approved, the deal could see the EU transferring between €2.5-3 billion by July to bolster Ukraine’s defenses against the ongoing Russian aggression.
Read also:
- Scholz backs using 90% of frozen Russian asset proceeds for Ukraine arms
- G-7 may utilize frozen Russian asset revenues for a $50 billion aid package for Ukraine
- US Treasury Secretary: Frozen Russian assets could aid Ukraine through various means
- PACE adopts resolution to use Russian assets for Ukraine’s reconstruction
You could close this page. Or you could join our community and help us produce more materials like this. We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!
Russian double tap attack on Kharkiv suburb kills five, injures 16.
Russian forces hit a recreational area in the Kharkiv district, killing five and injuring 16, including a child and first responders.
Ukraine says it destroyed Russian Black Sea Fleet’s minesweeper Kovrovets.
Ukrainian Armed Forces report the destruction of the Russian Black Sea Fleet's minesweeper Kovrovets. Earlier Ukraine's Navy said a third of Russia's warships in the Black Sea were destroyed or damaged.
ISW: Russians likely prepare second phase of northern Kharkiv offensive.
The ISW reports that Russian forces are likely preparing for a second phase of their offensive in northern Kharkiv Oblast, with the seizure of Vovchansk as a key objective to facilitate further operations threatening Ukrainian defenses.
Alleged Ukrainian drones target occupied Crimea, oil facilities in Russia’s Krasnodar Krai and St.
On 19 May, drones targeted an oil depot and an airfield in Russia's Krasnodar Krai and explosions occurred in occupied Crimea. Meanwhile, a fire broke out at Russia's Saint Petersburg oil depot, with local officials denying it resulted from a dron...
Ukraine downs all 37 Russian Shahed drones during nighttime attack.
Russia launched a drone attack against Ukraine, deploying 37 drones overnight. Ukrainian air defenses responded, destroying all drones by early morning, per Ukraine's AIr Force.
Trump campaign sets sights on another deep-blue state.
Former Minnesota gubernatorial candidate Kendall Qualls joined 'Fox & Friends First' to discuss if Minnesota is really in play for Trump in November and what issues matter most to voters. #Foxnews Subscribe to Fox News! Watch more Fox News Video: ...
World War II veteran breaks Guinness World Record as the oldest skydiver at 106-years-old.
🪂 Centenarian Al Blaschke was handed a Guinness World Record as the oldest tandem skydiver after jumping out of a plane at 9000ft. 106-year-old Al first tried skydiving in 2017 to celebrate his 100th birthday #SkyDiving #Centenarian #GuinnessWorld...
LIVE: White House holds press briefing - NBC News
Watch as White House Press Secretary Karine Jean-Pierre holds a press briefing. » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging ...
LIVE: Biden speaks at the National Museum of African American History and Culture - NBC News.
Watch live coverage as President Biden delivers remarks at the National Museum of African American History and Culture. » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news brands that d...
Kosovar's sculptures transform roof of New York's Metropolitan Museum of Art.
Kosovo-born artist Petrit Halilaj weaves a narrative from childhood scribbles for an exhibition at the Metropolitan Museum of Art in New York. Camera: Vladimir Badikov » Subscribe to VOA News: » Watch more VOA News video: Voice of America (VOA) i...
Hospital cyberattack fallout
Nurses and patients at hospitals across the country describe the situation as chaotic after one of the nation's largest healthcare systems fell victim to a ransomware attack. Subscribe to ABC News on YouTube: Watch 24/7 coverage of breaking news a...