Shorouk Express Belgium’s government is holding out over fears it will be on the hook to repay the full amount if Russia claws back the money, but has so far lacked a heavyweight ally ahead of the December summit. Now Italy has shaken up the diplomatic dynamics by drafting a document with Belgium, Malta and…
Shorouk Express Merz echoed the sentiment in German media. “Belgium’s particular concern about the question of how to make use of frozen Russian assets is undeniable and must be addressed in any conceivable solution in such a way that all European states bear the same risk,” he said. De Wever offered no comment and the leaders…
Shorouk Express Hopes had grown in recent days that De Wever could reverse his position if the European Commission were to offer him legal guarantees in the proposal that Belgium would not be financially exposed. But despite increasing diplomatic pressure for Belgium to cave, De Wever on Thursday only increased his hostility to the Commission’s…
Shorouk Express The question of how to use Russia’s immobilized assets has been one of the hardest for Ukraine’s allies to resolve, amid multiple layers of concern over the potential legal, political, security, and economic ramifications. The thorniest issue is that the assets are largely held in a facility in Belgium called Euroclear, which leaves…
Shorouk Express Economy Materials 20 November 2025 21:30 (UTC +04:00) Iranian banks and financial institutions have seen a sharp rise in foreign assets, reaching about $175 billion, up from roughly $100 billion last year. Access to paid information is limited If You already have a account, please log in …
Shorouk Express At the 80th United Nations General Assembly in New York in late September 2025, Belgium’s newly appointed Prime Minister Bart De Wever dismissed the European Commission’s proposal to use profits from frozen Russian assets to support Ukraine, declaring flatly that such a move “will never happen.” Standing before global leaders in New York,…
Shorouk Express The measures, announced on Oct. 22, were “a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine,” the U.S. Treasury said. Lukoil subsequently announced it would sell its overseas assets but has yet to find a buyer after a deal with Swiss-based firm Gunvor fell through when Washington blocked it. U.S. private…
Shorouk Express Four people briefed on the plans told POLITICO the Commission is hoping to base its action on a set of European Council conclusions that all EU leaders, including Orbán, agreed to on Dec. 19 last year. In that statement, the leaders declared: “Russia’s assets should remain immobilised until Russia ceases its war of…
Shorouk Express Economy Materials 25 May 2025 20:45 (UTC +04:00) At the end of 2024, the Central Bank of Azerbaijan held 2.07 billion manat ($1.22 billion) in foreign assets. This was down 14% from the previous year. The assets included cash, debt securities, and IMF settlements. Access to paid information is limited…
[ad_1] What just happened? Bungie announced a reboot of the classic first-person shooter Marathon in 2023. It formally unveiled project footage just a few weeks ago. The multiplayer extraction shooter has already drawn criticism after someone spotted issues with some of the artwork used by the Sony-owned developer. Bungie is under fire for allegedly using…
