News March 12: aid package from the US for $300 million, companies assessed losses from blocking the border
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About the aid package from the USA. The White House announced the allocation of a $300 million military aid package for Ukraine.
About damages from blocking the border. Due to the blocking of checkpoints on the Polish-Ukrainian border, 67% of top managers of member companies of the European Business Association (EBA) declared tangible consequences for business.
About “Ukrenergo” bonds. The group of owners of Ukrenergo bonds (due in 2028) is growing and approaching half of the outstanding principal amount of the debt. Achieving a simple majority would allow investors to block any restructuring plan.
About the frozen assets of the Russian Federation. The European Union plans to allocate 2-3 billion euros to Ukraine from the profits received by the Euroclear depository from frozen Russian assets already this summer.
About “Nordic Streams”. KNord Stream company sued insurers, demanding an amount of about 400 million euros due to the refusal to cover damages from explosions that destroyed the gas infrastructure of two gas pipelines on the bottom of the Baltic Sea.
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