International

G7 aims to use frozen $300bn Russian assets to help Ukraine

The G7 will explore ways to use the future income from frozen Russian assets to boost funding for war-torn Ukraine, finance chiefs from the Group of Seven industrial democracies said on Saturday, but offered no details of how to do so, AFP reports.

Imagine simbol
Sursa: Imagine simbol

The G7 and its allies froze some $300 billion of Russian financial assets, such as major currencies and government bonds shortly after Moscow invaded its neighbour in February 2022.

“We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilised Russian sovereign assets to the benefit of Ukraine,” the G7 said at the end of a two-day meeting in northern Italy.

The United States has been pushing its G7 partners — Japan, Germany, France, Britain, Italy and Canada — to back a loan that could provide Kyiv with as much as $50 billion in the near term.

However, the cautious wording of the statement, containing no figures or details, reflects many legal and technical aspects which need hammering out before such a loan could be issued.

The issue will now be discussed by G7 leaders at a summit in southern Italy in mid-June.

Read more

Călin Georgescu’s rise: What it means for Romanian democracy
International

Călin Georgescu’s rise: What it means for Romanian democracy

If the independent candidate Călin Georgescu wins the second round of Romania’s presidential elections, the country could face a situation akin to Bulgaria, which is led by a pro-Russia president, said Romanian political analyst Radu Magdin on the program Morning with Radio Moldova.

Carolina Străjescu Carolina Străjescu

Carolina Străjescu

Ministry of Foreign Affairs about the death of the rabbi of the Jewish community in Abu Dhabi: We firmly condemn any act of violence and anti-Semitism
Social

Ministry of Foreign Affairs about the death of the rabbi of the Jewish community in Abu Dhabi: We firmly condemn any act of violence and anti-Semitism

The Ministry of Foreign Affairs in Chisinau has confirmed the death of Zvi Kogan, the rabbi of the Jewish community in Abu Dhabi. Kogan was a citizen of both Israel and the Republic of Moldova and lived in the United Arab Emirates under Moldovan citizenship with resident status. Following the discovery of his lifeless body, three individuals were detained by the Emirati authorities.

Landmark COP29 deal: $300B for energy transition by 2035
International

Landmark COP29 deal: $300B for energy transition by 2035

The 29th United Nations Conference on Climate Change adopted several key decisions, the most significant being an agreement for wealthy nations to provide $300 billion annually until 2035.