The US has approved the transfer of a Russian oligarch’s confiscated assets to Ukraine. For the first time, the United States authorized the confiscation of the assets of a Russian oligarch with their subsequent transfer to be applied to the restoration of Ukraine. The FT writes about th... #KonstantinMalofeev #MerrickGarland #RussianAssets #UkraineReconstruction
The European Commission has legal grounds to use the assets of the Russian Federation for the reconstruction of Ukraine. According to spokesperson Christian Wiegand, the European Commission has confirmed that it has developed legally acceptable options for the use of Russian assets, both private and state, for Ukraine’s... #ChristianWiegand #RussianAssets #RussianCentralBank #SanctionsAgainstRussia #UkraineReconstruction
Switzerland refuses to join G7 in the searchfor Russian oligarch assets. Currently, Switzerland does not see the need to officially join the G7 group that is searching for assets belonging to “Russian elites, proxies, and oligarchs,” said the official represent... #AndreSimonazzi #REPOgroup #RussianAssets
The United States plans to send Russian assets to Ukraine. The US Justice Department wants more authority from Congress to give Ukraine money obtained from the seizure and sale of wealthy Russians’ assets, Deputy Attorney General Lisa Monaco said. The departm... #LisaMonaco #RussianAssets
The EU keeps looking for legal avenues to confiscate frozen Russian assets. A special working group should find out more precisely where Russian state assets are located and their total value. About $300B of assets from the Russian central bank are frozen in the G7 countries.... #RussianAssets #RussianCentralBank
The President’s office has announced a plan for the receipt of $100B in seized Russian Federation assets. Ukrainian authorities seek to receive about $100B over five to seven years from the sale of Russian sovereign assets seized worldwide, said chief consultant Oleg Havrysh. Recent estimates of Ukraine&#... #OlegHavrysh #ReparationsForUkraine #RussianAssets
The EU will use frozen Russian assets for the benefit of Ukraine. The EU is studying its legal options for the use of frozen Russian currency reserves, including their investment to obtain profits that will be directed to Ukraine’s restoration, writes Politico. Unde... #RussianAssets #UkraineRestoration
The EU supports the creation of an international mechanism for registering losses in Ukraine, limiting Russian oil prices, and strengthening sanctions. According to the EU summit results, the European Council has supported the creation of an international mechanism that will document the damage caused by Russia during the war in Ukraine. The EU also ... #EuropeanCouncil #RussianAssets #SanctionsAgainstRussia #UkraineRecovery
The EU is considering transferring profits from the management of frozen Russian assets. The European Union wants to analyze the idea of managing the Russian Central Bank’s frozen assets ($300B), the profit from which would be applied to Ukraine’s reconstruction. The President of t... #CharlesMichel #RussianAssets #RussianAssetsArrested
International lawyers will try confiscating up to $1T in Russian assets. According to Bloomberg, a group of Western lawyers has decided to collect up to $1 trillion from Russian companies and citizens who have been subject to sanctions. Lawyers led by the firms McCue Jury ... #RussianAssets #UkraineJusticeAlliance
Ukraine hopes to receive hundreds of billions of dollars confiscated from the Russian Federation. “The process of finding and blocking Russian assets abroad works quite effectively, but the confiscation process is much more complicated. After all, legal instruments for such withdrawal practically ... #RussianAssets #RussianAssetsConfiscation
Only six EU countries have frozen significant amounts of Russian assets. Germany, France, Ireland, Austria, Belgium, and Luxembourg have frozen Russian assets totaling €13.9B. This is almost the entire amount of frozen Russian assets in the EU, according to a statement fro... #DidierReynders #RussianAssets #SanctionsAgainstRussia
The EU is developing a legal basis for the confiscation of Russian assets. The European Union is developing legislation allowing the seizure of sanctioned Russian assets and using them for the post-war reconstruction of Ukraine, said Ursula von der Leyen. She added that the ... #EUconfiscatesAssets #RussianAssets #UrsulavonderLeyen
Germany is exploring options to confiscate the Central Bank of Russia’s assets for the reconstruction of Ukraine. German Finance Minister Christian Lindner said he was open to the idea of seizing the Russian Central Bank’s assets to finance Ukraine’s reconstruction, reported German newspaper Handelsblatt... #ChristianLindner #RussianAssets #RussianCentralBank
Ukraine nationalizes “daughters” of Sberbank and Prominvestbank. The National Security and Defense Council has decided to nationalize the corporate rights of the Ukrainian “daughters” of the Russian Sberbank and Prominvestbank, given ten days after the ... #Prominvestbank #RussianAssets #Sberbank #SberbankNationalization
Russian assets in Ukraine will be transferred to the state. At today’s meeting, the Cabinet of Ministers approved a document according to which Russian assets in Ukraine will be transferred to the state, stated Prime Minister Denys Shmyhal. According to ... #RussianAssets #SanctionsAgainstRussia
Charles Michel supports the confiscation of frozen Russian assets to restore Ukraine. The President of the European Council, Charles Michel, is in favor of confiscating the assets of Russians under sanctions and using them to repair the damage caused by Russia in the war it is waging ... #CharlesMichel #EuropeanCouncil #EUsanctions #RussianAssets #Ukrainewar
The US has approved a bill on the confiscation of Russian assets. The House of Representatives has approved a bill calling for the US government to confiscate certain sanctioned Russian property to sell and provide additional assistance to Ukraine. According to the... #RussianAssets #Sanctions #WarinUkraine
The EU is discussing the seizure of Russian assets. The European Union is discussing how to seize Russian assets in order to direct these funds to support Ukraine. Poland has called on the allied states to agree on an appropriate mechanism at the EU le... #PavelJablonski #RussianAssets
The US Attorney General says seized Russian assets should go to Ukraine. Attorney General Merrick Garland told senators Tuesday that the Justice Department would support efforts to ship assets seized from Russian oligarchs directly to Ukraine. After Russian forces invaded... #MerrickGarland #RussianAssets
The Ukrainian Police have blocked the assets of 7,000 companies linked to Russia. Law enforcement officers stopped the withdrawal of assets of nearly 7,000 pro-Russian companies that could be used to support hostilities in Ukraine. The National Police’s Strategic Investigatio... #RussianAssets #UkrainePolice
Zelenskyy has signed a law authorizing the confiscation of Russian property in Ukraine. President Volodymyr Zelensky signed the law, “On the basic principles of compulsory seizure in Ukraine of objects of property rights of the Russian Federation and its residents,” stated go... #RussianAssets #RussianAssetsConfiscation #VolodymyrZelensky
