The Economic and Financial Affairs Council discussed the implementation of the G7 loan to be given to Ukraine with the revenues obtained from the frozen assets of the Central Bank of Russia in a meeting held yesterday. Speaking after the meeting, Hungarian Finance Minister Varga stated that they wanted the decision to renew EU sanctions against Russia to be made every 36 months instead of every 6 months after the presidential elections to be held in the US in November, making Ukraine ineligible to receive the $50B loan for now.
Russian Presidential aide Nikolay Patrushev announced that President Vladimir Putin signed the draft strategy for the development of the Russian Navy through 2050.
Patrushev stated that the final draft was signed on May 30, following its preparation by the Ministry of Defense and revision by the Maritime Board. The strategy incorporates proposals from various federal institutions and organizations. The initiative was launched after a Kremlin meeting in July 2024.
TR