Germany has raised almost €1 billion to bolster Ukraine's air defense systems amid ongoing Russian missile and drone attacks. German Foreign Minister Annalena Baerbock, during her visit to Kyiv, emphasized the urgency of enhancing Ukraine's air defenses and announced the launch of a global initiative in collaboration with Defense Minister Boris Pistorius. The initiative aims to gather additional support from international partners and includes efforts to find new Patriot systems. Baerbock highlighted that this initiative would help Ukrainians live self-determined lives and improve the safety of the EU states. Germany also plans to increase its military aid to Ukraine by another €3.8 billion in 2024. Additionally, the EU has agreed to use windfall profits from frozen Russian assets to provide Ukraine with about $3 billion more this year. The G7 finance chiefs are meeting in Italy to discuss further measures, including the potential use of frozen Russian assets to support Ukraine's defense efforts.
🇫🇷#France supported the U.S. idea to use frozen Russian assets for the benefit of #Ukraine, Bloomberg reports. The U.S. insists that leading developed economies use the future income from the frozen assets of Russia’s Central Bank. 📷: President’s Office https://t.co/vLRVrFXbW6
🇩🇪🇺🇦😞 "Germany responded to Ukraine's call for more air defenses by promising to send some of its own systems and marshalling help from other allies — but almost no one else is following Berlin's lead", - Politico https://t.co/g6Q0nh0CGQ
Germany launched the Immediate Action on Air Defense initiative to provide Ukraine with crucial air defenses. However until now, efforts by Foreign Minister Baerbock and Defense Minister Pistorius, to rally other allies to contribute, has not given the desired results. Besides… https://t.co/FLBjKU7EO0
🇩🇪#Germany is ready to quickly redirect revenues from frozen Russian assets to #Ukraine, Reuters reported, citing its own sources in the German Ministry of Finance. 📷: AFP https://t.co/pVPO26X8AU
G-7 finance chiefs meeting in the shadow of the Italian alps this week probably won’t look too hard at one of the biggest mountains in the foreground: their own debt https://t.co/D7KdYNbkLM via @economics
German Foreign Minister visits positions of Ukrainian anti-aircraft gunners https://t.co/UIJBILCIQQ
I spoke with Albanian Prime Minister @ediramaal, a great friend of Ukraine, about the upcoming Peace Summit and thanked him for confirming that Albania will attend. I also informed Prime Minister Rama about the battlefield situation, specifically the Kharkiv region defense. We…
“Berbock arrived empty-handed” – SPIEGEL rated the foreign minister’s visit to Kiev as a “2” “Ukraine urgently needs more air defense systems. But during her visit to Kyiv, Foreign Minister Annalena Burbock was unable to announce any progress. But she received the order… https://t.co/hEBXGMN0gt
I spoke with Austria’s Federal Chancellor @KarlNehammer to thank him for supporting our Peace Summit and confirming his attendance, as well as his efforts to encourage other countries to attend. We value Austria's contribution to humanitarian mine clearance in Ukraine and expect… https://t.co/XWZXbs4w87
THE VAULT: Top senators are backing @SecYellen's REPO Act strategy. @BrendanPedersen & @AndrewDesiderio with more: https://t.co/v5n72bAaJt
G7 finance chiefs meeting in Italy this week will discuss how to use frozen Russian assets and address China's export strength. https://t.co/fvcE28Z9Rx
G7 finance chiefs seek common line on Russian assets, China - Reuters https://t.co/Rss6SUqlRL
Yellen Threatens German Banks With Sanctions; EU Approves Using Russian Asset Profits For Ukraine's Defense https://t.co/1JAR9CoQlu
Janet Yellen in Italy: “China’s industrial policy may seem remote as we sit here in this room, but if we do not respond…in a united way, the viability of businesses in both our countries and around the world could be at risk.” @aduehren @kimmackrael https://t.co/PkEHBVg14t
G7 finance chiefs meeting in Italy this week will attempt to find common ground over how to use frozen Russian assets to help Ukraine's war effort and how to address China's growing export strength in key markets, officials said https://t.co/iwrCjyW7QE
🇩🇪#Germany plans to increase its spending on military aid to Ukraine by €3.8 billion in 2024, Bild reported. German Defense Minister Boris #Pistorius asked for additional funds, and Finance Minister Christian Lindner backed this initiative. 📷: AFP https://t.co/2wAfKaxm3B
G7 finance chiefs seek common line on Russian assets, China https://t.co/WkTXfmDEJU https://t.co/MqNT9L7GgC
⚠️ G7 FINANCE CHIEFS SEEK COMMON LINE ON RUSSIAN ASSETS, CHINA Full Story → https://t.co/1AtTtnaop0 G7 finance chiefs meeting in Italy this week will attempt to find common ground over how to use frozen Russian assets to help Ukraine's war effort and how to address China's…
German Foreign Minister Annalena Baerbock voiced concern over the worsening battlefield conditions for Ukrainian forces on the eastern front, during an unannounced visit to Kyiv. https://t.co/1D6lbpsOGD
#EU countries make historic decision to allocate frozen #Russian central bank assets for #Ukraine’s defense, setting a precedent for #G7 nations to follow suit amid a $300 billion dilemma. Here's what's been done and what's on the table: https://t.co/9tpCCKhTjF
European Commission explains how it will use Russia's frozen assets after EU decision https://t.co/P8Z7ETtOcm
In an interview with Sky's @WilfredFrost, the US Treasury secretary speaks of her hopes for a new funding solution for Ukraine's war effort, seeing a 'possibility' of a $50bn loan from seized Russian assets being given to Ukraine Ukraine war latest ➡️ https://t.co/ydx2RBmsAO https://t.co/dvGdp1gOex
There is a "possibility" that G7 nations will support Ukraine's war effort through the use of billions of dollars in loans linked to seized Russian assets, the US Treasury secretary has told Sky News. Read more 🔗 https://t.co/ecSehZYuia
Germany Warms to US Plan to Tap Frozen Russian Assets for Ukraine Funds G-7 to hone options this week in Italy, June decision likely US seeks income from assets to back loan up to $50 billion https://t.co/bEz6zjnIOn
#Germany's #MilitaryAid for #Ukraine to rise by 3.8 billion #euros, source says https://t.co/iyju8O1uAX
Yellen to a Germany disinclined to support EU tariffs on Chinese EV imports: 'China’s industrial policy may seem remote ... but if we do not respond strategically and in a united way, the viability of businesses in both our countries and around the world could be at risk,”
Treasury Secretary Yellen: Concerns about China strategy are shared among G-7 finance https://t.co/M5bDTCKdzU
$SPY $VGK $FXI U.S. Treasury's Yellen Says Concerns About China Strategy Are Shared Among G7 Finance Ministers; If We Were To Use Secondary Russian Sanctions On Banks, We Would Do So In A Judicious Manner; Not Every Detail Needs To Be Worked Out On Russian Asset Plan By Time Of…
$SPY $VGK $FXI U.S. Treasury's Yellen Says There Does Not Need To Be Detailed Coordination Between G7 Countries On China Trade Actions, But More Forceful To Speak With China As A Group On Overcapacity; Bankers In Frankfurt Meetings Expressed Very Strong Commitment To Enforcing…
I was glad to host @ABaerbock in Kyiv on her seventh wartime trip to Ukraine. I thank Germany for taking the lead in strengthening Ukraine's air defense and encouraging other partners to follow suit. Today, we discussed how to speed up third-country decisions on providing… https://t.co/7ipPVaFQgd
The European Union has taken a small step toward its pledge to “make Russia pay” for the war in Ukraine, formally agreeing Tuesday to use windfall profits from frozen Russian assets to get Kyiv about $3 billion more this year. https://t.co/daOOL5bRCh
Ukraine’s President Volodymyr Zelenskiy discussed the possibility of Germany providing his nation with additional air-defense systems during a visit by the German Foreign Minister Annalena Baerbock to Kyiv https://t.co/pOh37l28Ql
The US has been pushing a separate plan that would leverage the future revenue of the frozen assets to back a $50 billion loan to Ukraine. A good way to get $$$ to Ukraine now. Should the G-7 reach an agreement on this, it would replace the EU initiative. https://t.co/VNyMdx49f8
I welcomed German Foreign Minister @ABaerbock on her seventh visit to Ukraine since Russia's full-scale invasion began. I spoke about the frontline situation and Ukraine’s key defense needs. We discussed the joint initiative of German foreign and defense ministers to find… https://t.co/BtuMLtHFqW
Germany’s foreign minister visits Kyiv as Ukraine battles to hold off Russian offensive https://t.co/yIRsUZXlQq
US, EU Move Closer to Using €30 Billion in Frozen Russian Assets to Trump-Proof Ukraine Aid Read More: https://t.co/L9NNIrvI3m
👀Germany ready to support US plan to use frozen Russian assets, Bloomberg says https://t.co/UWtofg9AVa
THE VAULT: @SecYellen says the U.S. government is prepared and willing to start seizing Russian sovereign assets to aid Ukraine. @BrendanPedersen with more: https://t.co/z7qoCNnnsv
⚡️ Reuters: Germany plans to up Ukraine military aid by 3.8 billion euros. The German government plans to up its military aid to Ukraine by another 3.8 billion euros ($4.13 billion) in 2024, Reuters reported on May 21, citing its undisclosed source. https://t.co/nBeqYXSSCR
I had a phone call with the President of Angola @jlprdeangola. I thanked him for supporting Ukraine's sovereignty and territorial integrity, as well as for his personal stance on condemning Russian aggression. I invited President Lourenço to participate in the inaugural Peace… https://t.co/QpMNKWSNEn
Germany has raised almost €1 billion to strengthen Ukraine's air defense, - German Foreign Minister Berbock has said She also emphasized that Germany was "literally looking under every rock" for new Patriot systems and was working to hand over even more funds to Ukraine. https://t.co/QH5KXCXni2
I spoke with @KlausIohannis and thanked Romania for its support, including a new military aid package that is currently being prepared. I briefed President Iohannis on the current battlefield situation and Ukraine's key defense needs, specifically various types of air defense… https://t.co/JXeqAXfJtF
Germany's foreign minister visits Kyiv as Ukraine battles to hold off a Russian offensive https://t.co/uhdAIUxXGo
German initiative to strengthen Ukrainian air defence has raised almost €1 billion https://t.co/JUdFqeQeuw
"Almost €1 billion has now been raised to provide additional support for the Ukrainian air defense forces, and we are working intensively to ensure that there is even more," German Minister of Foreign Affairs Annalena Baerbock said. https://t.co/RgQKPqt8xs
In a speech in Germany @SecYellen calls on Europe to coordinate with US vs China: "if we do not respond strategically & in united way [to China's industrial policy], the viability of businesses in both our countries & around world could be at risk". Exclusive i/v at 3pm @SkyNews https://t.co/f8bRwfO5sg
“To protect #Ukraine from the Russian hail of missiles and #drones, it urgently needs more air defense. That’s why, together with Defense Minister Pistorius, I launched a global initiative for more air defense,” 🇩🇪 Foreign Minister Annalena Baerbock states after her arrival to… https://t.co/pcnHUemAYE
🇩🇪🇺🇦 "Almost one billion euros has been raised for additional support for Ukrainian air defense. And the work continues so that Ukrainians can continue to live self-determined lives in the future. initiative will also improve the safety of the EU- States", - Baerbock https://t.co/kdKF6vYavS