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Frozen

Minnesota’s Federal Childcare Funding Frozen as Trump Administration Expands Fraud Probes

Trump administration freezes Minnesota childcare funds, orders Somali citizenship audits MINNEAPOLIS — The Trump administration has frozen $185 million in federal childcare funding to Minnesota and ordered audits of immigration cases involving Somali Americans, escalating a fraud crackdown that state leaders and advocates say risks unfairly targeting a single immigrant community. The Department of Health and Human Services announced the funding freeze Tuesday, citing viral allegations by conservative YouTuber Nick Shirley…

EU approves €90 billion Ukraine loan without tapping frozen Russian assets

EU leaders agreed to provide Ukraine a €90 billion loan to cover looming budget shortfalls after more than a day of talks in Brussels, but they failed to unite behind a plan to tap frozen Russian assets to finance the support. The deal offers Kyiv a financial lifeline as the government braces for a cash crunch expected to hit by April and as U.S. President Donald Trump urges a quick settlement to end Russia’s war. EU chief Antonio Costa announced the outcome on X, saying, “We have a deal. Decision to provide 90 billion euros…

EU plan to channel Russia’s frozen assets to support Ukraine

The European Union is preparing a novel way to finance Ukraine’s war and budget needs in 2026 and 2027 by mobilizing frozen Russian central bank assets—without crossing the legal red line of outright confiscation. The plan, centered on Euroclear in Belgium and a European Commission-issued “Reparations Loan,” aims to turn immobilized Russian funds into immediate support for Kyiv while preserving Moscow’s legal claim to its principal. At stake is up to €165 billion of the roughly €210 billion in Russian sovereign assets frozen…

Frozen Bank Account Leads to Ethiopian Airlines’ Suspension of Flights to Eritrea

Frozen Bank Account Forces Ethiopian Airlines to Halt Eritrean Flights ADDIS ABABA - Ethiopian Airlines has officially announced the suspension of its flights to Eritrea due to the freezing of its bank account. This announcement came just hours prior to Eritrea's declaration of a curfew for foreign aircraft, which they described as a response to alleged 'harassment and lost luggage' incidents. Initially, Ethiopian Airlines attributed the flight suspension to “challenging operating conditions” in Eritrea, which they…