Tag: russian assets
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Malta joins Belgium, Italy and Bulgaria in opposing the use of frozen Russian assets for Ukraine
Malta is a signatory to a statement released by Belgium, Italy and Bulgaria declaring opposition to the European Commission’s proposal to fast-track a law to issue a reparations-loan to Ukraine backed with Russian assets as collateral. Belgium has been opposing this proposal fearing Russian repercussions. Malta did not oppose the latest action of indefinitely freezing…
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EU Commission to move forward with law on reparations loan to Ukraine from Russian assets
Yesterday, several press outlets stated that the EU Commission is under pressure by the US not to confiscate Russia’s assets. Politico also stated that EU countries don’t want to give Belgium legal guarantees in case of the potential legal repercussions to the confiscation of the assets. Our diplomatic sources in Brussels could not confirm that…
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US Congress passes $61 billion military aid bill for Ukraine and Peace Through Strength Act to seize and liquidate Russian assets
Yesterday evening, the US Congress has passed a bill that will forward up to $61 billion in military aid for Ukraine which will be crucial to prevent the Ukrainian frontlines from collapsing. Another bill called the The 21st Century Peace Through Strength Act was passed which will expropriate up to $6 billion of Russian state…
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Malta is a safe haven for illicit Russian money and sanctioned individuals
As the Labour government takes on a very explicit pro-Russian approach over Russia’s invasion of Ukraine, it is important that we are aware of the Labour Party’s connections to Russian money, especially the connections of Prime Minister Robert Abela himself. There may be no coincidence with the fact that Malta has refused to cooperate with…
