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EU Locks Russian Assets, Paving Way for Ukraine Loan

                      Ukraine's president says it is right for Russia's frozen assets to be used to rebuild his country . The European Union has reached a landmark decision to indefinitely freeze Russian central bank assets worth approximately €210 billion ($246 billion) , a move that clears the path for a major financial lifeline to Ukraine. Previously, the freeze had to be renewed every six months, leaving it vulnerable to political challenges from member states with closer ties to Moscow, such as Hungary and Slovakia. By shifting to an indefinite immobilization, the EU removes the risk of assets being returned to Russia due to internal dissent. This decision was made under Article 122 of the EU treaties , which allows for qualified majority voting rather than unanimity, ensuring the measure’s durability. The bulk of the frozen funds—about €185 billion—are held in Belgian clearinghouse Euroclear , and EU leaders inten...
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Benefits of airline rewards programs

 

Airline rewards programs offer a host of advantages for frequent travelers and savvy flyers. Let’s explore some of the key benefits:

  1. Free Flights: Accumulating miles allows you to redeem them for free flights. Whether it’s a domestic trip or an international adventure, your rewards can significantly offset travel costs.

  2. Upgrades: Many programs offer the opportunity to upgrade from economy to business or first class using your miles. Enjoy a more comfortable and luxurious flying experience without paying the full fare.

  3. Priority Boarding: Elite members often receive priority boarding, allowing you to settle into your seat early and avoid the rush.

  4. Lounge Access: Access to airport lounges provides a quiet and comfortable space to relax, work, or enjoy complimentary snacks and beverages before your flight.

  5. Baggage Allowance: Elite status often comes with increased baggage allowances, saving you money on checked bags.

  6. Flexible Redemption: Use your miles not only for flights but also for hotel stays, car rentals, and other travel-related expenses.

  7. Partner Airlines and Alliances: Many programs have partnerships with other airlines, allowing you to earn and redeem miles across a broader network.

  8. Special Promotions: Keep an eye out for bonus promotions that allow you to earn extra miles through specific activities (such as dining out or shopping).

  9. Status Benefits: Achieving elite status grants additional perks like priority check-in, dedicated customer service lines, and complimentary upgrades.

  10. Mileage Expiration Prevention: Some programs offer ways to keep your miles active, ensuring they don’t expire.

Remember to choose a program that aligns with your travel habits and preferences.

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