International
EU countries agree to use profits from frozen Russian assets in defense of Ukraine
The ambassadors of the member states to the European Union (EU) reached an agreement on Wednesday in principle to use the benefits of frozen Russian assets to support “the recovery and military defense” of Ukraine in the face of Russia’s aggression.
“The EU ambassadors agreed in principle on measures on the extraordinary benefits of Russia’s fixed assets,” the Belgian presidency of the Council of the EU wrote in its profile of social network X.
He added that the money “will serve to support the recovery of Ukraine and military defense in the context of Russian aggression.”
The European Commission proposed last March to use the extraordinary benefits of Russian assets frozen by the sanctions in relation to the war in Ukraine, which amount to between 2.5 and 3 billion euros per year, to finance weapons and ammunition for that country mainly.
The first transfer of profits to help Ukraine defend itself against Russia is expected to take place in July.
Community sources detailed that 90% of the profits of fixed assets will go to the European Peace Support Fund (FEAP) for military support. The FEAP is an instrument through which EU countries co-finance the shipment of weapons to Ukraine since the beginning of the Russian invasion in February 2022.
The other 10% will go to the macro-financial aid package to Ukraine from the general budget of the European Union. This year, the community club agreed on an aid of 50 billion euros to Ukraine that is part of the revised community budget, covers the next four years until 2027 and is disbursed in the form of loans (33 billion euros) and grants (17 billion).
Most of the frozen Russian assets are deposited in Euroclear, a Brussels-based body that owns about 192 billion euros.
Belgium keeps a part of the profits of those securities in terms of corporate taxes, a fact that has been criticized by other Member States.
That country argues that it is a “general tax, not something that has been invented for Ukraine” and that part of what is collected serves precisely to help Kiev with its weapons needs and to support refugees.
The sources specified that the tax revenues generated in Belgium by those profits will continue to be allocated to Ukraine in its entirety.
The corporate tax is 25% in Belgium and applies to all companies, according to the sources, who insisted that it is impossible to eliminate it.
However, they recalled that in 2022 Belgium decided to allocate all those extraordinary corporate tax revenues to support Ukraine and that in 2023 they created a specific fund for it.
For the fiscal year of 2024, an amount of 1.7 billion euros of national corporate taxes is expected from immobilized Russian assets, of which about 1 billion have already been allocated to Ukraine.
The new legislation will apply to the remaining extraordinary benefits after this mandatory taxation, according to the sources.
The ambassadors of the Member States decided that the rate that Euroclear will charge for handling the assets will be 0.3%.
Some States such as Austria, Ireland, Malta and Cyprus are reluctant to buy weapons for Ukraine because of their policy of neutrality and Hungary has repeatedly said that it does not support the idea.
Central America
U.S. and Regional Allies Back Panama Amid Dispute With China
The United States, Bolivia, Costa Rica, Guyana, Paraguay and Trinidad and Tobago issued a joint statement in support of Panama’s sovereignty, arguing that China’s recent actions represent an attempt to politicize maritime trade and undermine the sovereignty of nations in the hemisphere.
“We are closely monitoring China’s selective economic pressure and recent actions affecting vessels flying the Panamanian flag,” the statement released Tuesday said. “Panama is a pillar of our maritime trading system and, as such, must remain free from undue external pressure.”
The statement comes amid growing tensions surrounding the Panama Canal and the operation of key ports linked to global trade.
At the end of January, Panama’s Supreme Court invalidated the legal framework supporting the 1997 concession that granted Panama Ports Company, a subsidiary of CK Hutchison, the right to operate the Balboa and Cristóbal terminals located on the Pacific and Atlantic entrances of the Panama Canal.
The ruling followed mounting pressure from the United States to curb Chinese influence around the strategic waterway, through which roughly 5% of global maritime trade passes.
CK Hutchison, which managed the ports for nearly three decades, rejected the court’s decision and accused Panamanian authorities of illegally confiscating its assets. The company has launched international arbitration proceedings against Panama, seeking more than $2 billion in damages.
Following the court ruling, reports emerged of increased detentions and inspections of Panamanian-flagged vessels in China, actions widely viewed as retaliatory measures.
On Wednesday, China’s Foreign Ministry dismissed the joint statement as “completely unfounded and misleading,” accusing the United States of politicizing port operations and warning that Beijing would take steps to protect its interests in Panama.
International
King Charles III Says U.S.-UK Alliance Is “Irreplaceable and Unbreakable”
King Charles III of the United Kingdom reaffirmed the strength of the British-American relationship on Tuesday during a speech before the United States Congress, describing the alliance between the two nations as “irreplaceable and unbreakable.”
The address, delivered at the Capitol, marked the first speech by a British monarch before Congress since Queen Elizabeth II in 1991 and comes at a time of political tensions between Donald Trump’s administration and the Labour government of Prime Minister Keir Starmer.
“As President Trump himself observed during his state visit to Britain last autumn, the bond of kinship and identity between the United States and the United Kingdom is invaluable and eternal. It is irreplaceable and unbreakable,” the king said.
While reflecting on the upcoming 250th anniversary of U.S. independence, which will be commemorated this year, Charles III stated that the partnership between the two countries “was born out of disagreement, but is no less strong because of it.”
The monarch emphasized the democratic values shared by both nations and noted that major global changes have occurred whenever the two allies found common ground.
“When we have found that way to agree, great changes have taken place not only for the benefit of our peoples, but for all peoples,” he said.
King Charles also quoted British Prime Minister Keir Starmer, who recently described the relationship as “an indispensable alliance.”
Concluding his speech, the monarch described the shared history of the United States and the United Kingdom as “a story of reconciliation, renewal, and an extraordinary partnership.”
He added that Washington and London have forged “one of the most consequential alliances in human history.”
“I pray with all my heart that our alliance continues to defend our shared values, together with our partners in Europe, the Commonwealth, and around the world, and that we ignore calls urging us to become increasingly isolationist,” Charles III stated.
The king ended by urging both nations to “recommit to one another in selfless service to our peoples and to all peoples of the world.”
International
Trump Administration Considers Denying Green Cards Over Political Views
The administration of President Donald Trump is evaluating new immigration guidelines that could deny permanent residency to immigrants based on their political views, according to a report published by The New York Times.
The proposed measures, outlined in internal Department of Homeland Security documents, would instruct immigration officials to take applicants’ public expressions and ideological positions into account when reviewing green card applications.
According to the report, cases involving “possible anti-American and/or antisemitic conduct or ideologies” would need to be referred to higher authorities for additional review.
Even if applicants have not violated any laws, authorities could still reject residency requests if they determine that individuals have “endorsed, promoted, or supported anti-American views.”
Among the factors listed in the guidelines are participation in pro-Palestinian activities, actions considered antisemitic, and the burning of the U.S. flag.
The documents reportedly describe such actions as “heavily negative” factors in immigration evaluations, potentially blocking applicants from obtaining permanent residency and, eventually, U.S. citizenship.
The directives also place particular attention on demonstrations held on university campuses following the 2023 Hamas attacks against Israel.
However, flag burning has previously been recognized by the U.S. Supreme Court as a form of protected free speech under the Constitution.
The proposal has sparked criticism from immigrant advocacy organizations, including the New York Immigration Coalition.
Its president, Murad Awawdeh, warned that the policies could pose a threat to fundamental rights and freedoms.
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