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Russian assets

  • Thursday, 20 March, 2025
    Free LunchMartin Sandbu
    Europe is about to make its biggest strategic mistake Premium content

    Control over Moscow’s blocked foreign reserves empowers the EU to shape how the Ukraine war ends

    A woman crouches on the damaged rooftop of a village school as she picks up a piece of shrapnel from a Shahed drone amid the rubble and debris from a recent bombing
  • Wednesday, 5 March, 2025
    Philip Gordon
    Europe has no choice but to seize frozen Russian assets

    Doing so is the only effective means of saving Ukraine

    María Hergueta illustration of Putin standing under a money box seized by a hook.
  • Thursday, 12 December, 2024
    Free LunchMartin Sandbu
    It’s high time to make Russia pay Premium content

    G7’s $50bn loan is no substitute for transferring blocked foreign exchange reserves to Ukraine

    A Russian flag flutters next to one of the Kremlin towers in downtown Moscow
  • Monday, 21 October, 2024
    War in Ukraine
    UK will provide $3bn towards G7 loan for Ukraine

    US and Japan only member nations still to clarify their contributions to $50bn package

    Volodymyr Zelensky addresses members of the Ukrainian parliament in Kyiv. The room is filled with parliament members and other officials, with Ukrainian flags displayed on desks. Zelensky stands at a podium.
  • Friday, 13 September, 2024
    War in Ukraine
    Why EU support to Ukraine once again hinges on Hungary Premium content

    Also in this newsletter: Mussolini’s granddaughter leaves Italy’s governing party for being too right-wing

    Viktor Orbán
  • Thursday, 13 June, 2024
    War in Ukraine
    G7 leaders strike deal on $50bn loan to Ukraine

    Leaders agree to front-load funding for Kyiv backed by expected profits from frozen Russian assets

    A group photo of Olaf Scholz, Justin Trudeau, Emmanuel Macron, Giorgia Meloni, Joe Biden, Fumio Kishida and Rishi Sunak
  • Thursday, 13 June, 2024
    Free LunchMartin Sandbu
    Cutting through the fog of the Russian assets debate Premium content

    Ukraine needs the money Russia owes it, all of it and fast

    A heavily damaged school building
  • Wednesday, 5 June, 2024
    Europe Express
    Why EU countries are nervous about funding a US loan to Ukraine Premium content

    Also in this newsletter: Have the farmers’ protests petered out?

    National flag flies over the Russian Central Bank headquarters in Moscow, Russia
  • Friday, 24 May, 2024
    Europe Express
    G7 finance ministers mull plan to issue debt backed by frozen assets Premium content

    Also in this newsletter: Poland and Greece demand a shared EU air defence system

    Janet Yellen addresses the audience as she attends a press conference in Stresa on May 23, 2024, on the eve of the G7 finance ministers meeting
  • Saturday, 18 May, 2024
    Russia
    Russian court seizes €700mn assets from UniCredit, Deutsche Bank and Commerzbank

    Move against western lenders follows dispute with subsidiary of Gazprom

    A man uses an ATM bank machine at a branch office of UniCredit Bank in Krasnoyarsk, Siberia
  • Friday, 12 April, 2024
    News in-depthWar in Ukraine
    US proposes debt to fund Ukraine using profits from frozen Russian assets

    Hope that Washington’s idea could generate tens of billions in cash for Kyiv

    Montage of Vladimir Putin, the White House and Russian rouble notes
  • Thursday, 14 March, 2024
    Free LunchMartin Sandbu
    Taking but not confiscating: getting creative with Russian state assets Premium content

    How Moscow can be made to compensate Ukraine without confiscation

    People at Moscow’s Red Square
  • Monday, 11 March, 2024
    Russia sets terms for retail asset swaps with western investors

    Move will allow securities holders to claw back value of investments frozen over Vladimir Putin’s war in Ukraine

    Outside of Moscow Exchange
  • Tuesday, 5 March, 2024
    Europe Express
    Why Ukrainians think EU plans for Russian assets don’t go far enough Premium content

    Also in this newsletter: Ireland votes on constitutional change regarding women’s ‘life’ and ‘duties’ in the home

    Contemporary building of the Euroclear financial institution
  • Wednesday, 10 January, 2024
    Europe Express
    Why EU efforts to use Russia’s frozen assets are progressing at a snail’s pace Premium content

    Also in this newsletter: How the EU is trying to soothe concerns of belligerent farmers

    Alexander De Croo
  • Thursday, 4 January, 2024
    Free LunchMartin Sandbu
    Russian central bank reserves: the numbers Premium content

    Getting the most we can out of available public sources

    The headquarters of the Bank of Russia, viewed through metal gates
  • Thursday, 28 December, 2023
    War in Ukraine
    Washington puts forward G7 plan to confiscate $300bn in Russian assets

    Proposal would accelerate preparations in time for a February summit to show solidarity with Ukraine

    The man wears a fur hat with his jacket collar turned up against the cold. The Russian flag flies from the bank building in the background
  • Wednesday, 20 December, 2023
    ExplainerWar in Ukraine
    The legal case for seizing Russia’s assets

    G7 allies are debating whether to spend Moscow’s frozen funds to support Ukraine

    Statue of justice and rouble notes
  • Thursday, 26 October, 2023
    Euroclear earns €3bn from Russian assets frozen by west

    Windfall for Belgian depository likely to raise pressure to channel proceeds to Ukraine

    The Moscow International Business Center
  • Thursday, 26 October, 2023
    Free LunchMartin Sandbu
    The Schrödinger’s cat of Russian foreign reserves Premium content

    Now you see them, now you don’t

    The Spasskaya tower of the Kremlin and Saint Basil’s Cathedral in Moscow
  • Wednesday, 19 July, 2023
    Global InsightMartin Sandbu
    The EU is doubled up over riddle of Russia’s euro assets

    The fate of hundreds of billions of euros of Moscow’s money hinges on the intricacies of double-entry bookkeeping

  • Thursday, 10 November, 2022
    War in Ukraine
    UK freeze on Russian assets hits £18bn as part of Ukraine sanctions

    British government has blocked assets of 120 Russian entities and more than 1,200 people

    The superyacht Phi in London
  • Sunday, 6 November, 2022
    UniCredit SpA
    ECB and UniCredit clash over capital plans and Russia presence

    Friction builds in wake of CEO Orcel’s aggressive strategy to overhaul Italian lender’s operations

    A branch of UniCredit Bank in Moscow, Russia
  • Saturday, 8 October, 2022
    Alexei Mordashov
    US warns Hong Kong over oligarch’s superyacht docked in its waters

    Chinese territory will ignore ‘unilateral’ sanctions against boat’s Russian owner Alexei Mordashov

  • Thursday, 24 March, 2022
    Russian shares rise as Moscow’s stock market reopens

    Trading resumes following three-week suspension imposed after Ukraine invasion

    A woman walks past a board showing currency exchange rates in Moscow, Russia
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