Buckingham Palace just managed to neutralize the debate over the Eurasia Fund. These exchanges happened at COP meetings, largely between King Charles III and Prince Andrew, Duke of York. The palace strongly emphasized that the fund had been mistakenly included. Yet, it was stymied by lack of approval from the Crown, or more accurately, his adviser on these matters. The announcement comes at a time of heightened criticism over Prince Andrew’s connections and business pursuits.
Meetings on the proposed Eurasia Fund were punctuated by direct conversations between Prince Andrew and his adviser, Dominic Hampshire. The palace notified that the King became acquainted with topped-up investment fund which included the Eurasia Fund. He didn’t get into the weeds or offer any specific praise.
In a statement, Buckingham Palace emphasized, “While His Majesty met with The Duke and his adviser to hear outline proposals for independent funding over the past year, the individual known as H6 was not mentioned at any time or in any way as part of these discussions.” This explanation brings into focus the limited nature of the discussions surrounding the fund. It merely sends good signals to the public that no one has yet officially approved this.
Dominic Hampshire provided insight into the meetings, stating, “I have had two meetings with the Duke and His Majesty to discuss what the Duke can do moving forwards in a way that is acceptable to His Majesty.” This particular phrase indicates a heightened effort to thread the needle of Prince Andrew’s upcoming projects in a way that is acceptable to royal standards.
His office confirmed that Prince Andrew has lost all communication with businessman Aidan Heavey. This decision was made following widespread criticism over Heavey’s behavior. It’s little wonder then that wariness pervades the Duke’s dealings with major financial players. Troubling conflicts are fresh in memory.
During all of these conversations, the Eurasia Fund was frequently mentioned but not always setting the agenda. The palace further underlined that the fund had not been one of the main issues in the technical talks. It was never passed by the monarch or his advisers. This new focus on restricted engagement underscores the royal family’s intention to continue to face stiff criticism over their financial ties.
