Europe

EU Considers Using Frozen Russian Assets for Ukraine

This Is Beirut, 2023-12-12 23:07 - Reading : 2 minute(s)

Belgium EU Euroclear Europe European Union Russia Russian Central Bank Ukraine

Brussels on Tuesday, suggested diverting profits generated from frozen Russian state assets as a move toward channeling funds amounting to billions of euros to Ukraine, according to EU officials. Brussels proposed hiving off profits earned from frozen Russian state assets Tuesday, a step towards sending funds worth billions of euros to Ukraine, ...

Italy Pulls Out of Chinese Belt and Road Initiative

This Is Beirut, 2023-12-06 22:14 - Reading : 3 minute(s)

Belt and Road Initiative China diplomacy Europe Giorgia Meloni Investment Italy Trade

After more than four years of being the sole G7 nation to join, Italy has decided to withdraw from China's extensive Belt and Road infrastructure Initiative, as confirmed by a government source on Wednesday. Italy has withdrawn from China's vast Belt and Road infrastructure initiative, more than four years after becoming the only G7 nation to sign ...

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