Summarize this content to 2000 words in 6 paragraphs
The European Union will receive a second tranche of 2 billion euros ($2.05 billion) from profits generated by frozen Russian Central Bank assets that are meant for Ukraine and its war effort.Euroclear, the Belgian-based clearing house, sent its first payment of 1.55 billion euros ($1.7 billion) last July after the EU passed legislation that applied a windfall tax to the profits generated by Russia’s assets immobilized in response to the full-scale invasion. The clearing house said in a statement on Feb. 5 that the second payment is expected to be made in March and should amount to approximately 2 billion euros. Euroclear earned 6.9 billion euros ($7.18 billion) in 2024 from frozen Russian assets, the statement says. In 2023, these revenues amounted to 4.4 billion euros ($4.6 million).From the proceeds of the frozen Russian assets in 2024, 1.7 billion euros ($1.77 billion) was transferred to the Belgian budget as tax revenues.In reaction to Russia’s full-scale invasion in February 2022, more than $300 billion of the foreign exchange reserve assets of the central bank of the Russian Federation were frozen in Europe.Most of these funds —191 billion euros ($198 million) — are kept in the international depository Euroclear in Belgium. The Group of Seven countries agreed last year on a $50 billion loan that will be paid back using the profits generated from frozen assets. US announces $20 billion loan for Ukraine as part of G7 initiativeThe U.S. Treasury Department announced on Dec. 10 that it will provide $20 billion in loan assistance to Ukraine, marking its contribution to a broader $50 billion initiative supported by G7 countries.
!function (f, b, e, v, n, t, s) {
if (f.fbq) return; n = f.fbq = function () {
n.callMethod ?
n.callMethod.apply(n, arguments) : n.queue.push(arguments)
};
if (!f._fbq) f._fbq = n; n.push = n; n.loaded = !0; n.version = ‘2.0’;
n.queue = []; t = b.createElement(e); t.async = !0;
t.src = v; s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s)
}(window, document, ‘script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘3189560391356472’);
fbq(‘track’, ‘PageView’);
window.fbAsyncInit = function () {
FB.init({
appId: 271541601613017,
cookie: true,
xfbml: true,
version: ‘v2.5’
});
}.bind(this);
(function (d, s, id) {
let js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s);
js.id = id;
// @ts-ignore
js.src = “https://connect.facebook.net/en_US/sdk.js”;
// @ts-ignore
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));