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Ukraine aid: Commission proposes stabilization of Russia sanctions

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Published: September 16th, 2024,
Last updated: September 25th, 2024

The Commission is looking for ways to stabilize aid for Ukraine until the end of the year.

In order for the planned $50 billion support from the G7 countries and the EU for Ukraine to be disbursed, the White House needs guarantees that Russian central bank funds will remain frozen. This is because the income from the central bank funds is needed as collateral in order to take out the multi-billion dollar loan for Ukraine. Currently, the sanctions have to be renewed every six months, which gives potential veto players such as Hungary the opportunity to block the sanctions time and again.

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Europapolitik