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Monday, May 20, 2024

Russian Court Orders Seizure of Deutsche Bank and UniCredit Assets Amid Exit from Russia

Court documents dated May 16 reveal that the St. Petersburg court ordered the confiscation of assets amounting to 239 million euros ($260 million) from Deutsche Bank and 463 million euros ($504 million) from Italy's UniCredit

PM Roosevelt Skerrit welcome students of Bellevue Chopin Primary School

Roseau, Dominica: The students of Bellevue Chopin...

Ukrainian Drone Attacks on Russia Kill 2, Ignite Oil Refinery Blaze

This marks Kyiv's largest aerial assault in recent weeks and coincides with Russian advancements along the northeastern Ukrainian front line

EU pays over €3.5 billion to member states to help them manage Ukrainian refugees

WorldEuropeEU pays over €3.5 billion to member states to help them manage Ukrainian refugees
The European Commission has already paid more than €3.5 billion in advance payments to the Member States to help them manage the reception of Ukrainian refugees arriving in their country.
At the end of March, the Commission proposed to increase EU financing by €3.4 billion for EU countries that were welcoming those fleeing the war in Ukraine due to the “urgency and severity of the crisis triggered by Russia’s invasion.” Since this announcement, an additional 1.6 million people have fled the country.
“Today, we see another concrete outcome of our solidarity with the mobilisation of cohesion funds to where these are more needed,” Commissioner for Cohesion and Reforms, Elisa Ferreira, said, adding that the EU stands with Ukraine as well as with the Member States to support their solidarity effort.
Belgium received more than €11 million in REACT-EU additional pre-financing in total.
The payments are aimed at providing infrastructure, housing, employment, education, social inclusion and health- and childcare and were made under the EU’s Cohesion’s Action for Refugees in Europe (CARE).
“People fleeing the war in Ukraine need immediate support to rebuild their lives in safety,” Commissioner for Jobs and Social Rights, Nicolas Schmit, said.
“With these advance payments, Member States can offer food, accommodation, healthcare, education, help to access jobs and more to those in need.”
He added that the Commission had introduced the possibility to flexibly mobilise the available resources from cohesion policy within the 2014-2020 programmes. “The EU contribution will alleviate the additional burden on the public budgets of Member States,” according to Schmit.

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