MAR 13, 2025
France has until now voiced opposition to seizing frozen Russian assets, arguing that such a move would be against international agreements in a stance that puts Paris at odds with its ally Britain.
www.kyivpost.com
French lawmakers on Wednesday adopted a resolution urging France and allies to provide more support for Ukraine, including by seizing tens of billions of euros in frozen Russian assets.
France has until now voiced opposition to seizing frozen Russian assets, arguing that such a move would be against international agreements in a stance that puts Paris at odds with its ally Britain.
But lawmakers hope that the non-binding resolution, adopted in a vote late on Wednesday, could pile pressure on French President Emmanuel Macron and Prime Minister Francois Bayrou to change their position on the issue.
Ukraine has received the first tranche of 2.5 billion Canadian dollars (about $1.7 billion) from Ottawa under the G7's Extraordinary Revenue Acceleration (ERA) initiative.
kyivindependent.com
Ukraine has received the first tranche of 2.5 billion Canadian dollars (about $1.7 billion) from Ottawa under the G7's Extraordinary Revenue Acceleration (ERA) initiative, the Ukrainian Finance Ministry announced on March 13.
The ERA mechanism, totaling $50 billion, provides loans to
Ukraine that will be repaid using future profits from frozen
Russian assets.
According to the
ministry, Canada's contribution to the initiative is $3.5 billion, and the loan will be granted for 30 years.