The G7 will involve the private sector in reconstructing Ukraine and will not release Russian assets until compensation is paid. The Russian Federation must stop its aggression against Ukraine and bear legal responsibility for all its illegal international actions, including compensation for the damages caused to Ukraine, accor... #G7 #RussianAssets #SupportUkraine #UkraineReconstruction #UkraineRecovery
The US Congress approves the transfer of the Russian Federation’s frozen assets to Ukraine. According to Republican congressman Michael McCall, who introduced the relevant document for consideration, this bill requires the Biden administration to hand the aggressor’s frozen sovereign assets ... #MichaelMcCall #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineRecovery
The EU is one step away from using €211B in frozen Russian assets; the aggressor threatens mirror measures. The European Commission will present proposals for the use of revenues from Russia’s sovereign financial assets amounting to €211B that are currently seized in the EU, European Commission Presid... #RussianAssets #RussianAssetsArrested #UkraineReconstruction #UrsulavonderLeyen #VyacheslavVolodin
Canada will create an international precedent to confiscate Russian sovereign assets. In the upper house of the Canadian Parliament, the procedure for considering the draft law on seizing sovereign assets belonging to offending states, including Russia, has begun. “The proposed d... #RatnaOmidvar #ReparationsForUkraine #RussianAssets #RussianAssetsArrested
The US and Ukraine will insist on European confiscation of the accrued interest on frozen Russian assets. This week in Luxembourg, US Treasury Secretary Janet Yellen intends to encourage European officials to take concrete steps to confiscate accrued interest on $200B that Russia keeps in European banks. ... #AndriiPyshnyi #JanetYellen #RussianAssets #RussianAssetsArrested #UkraineRecovery
The G7 countries have frozen $280B in Russian assets, and Estonia and Britain are preparing to use them. In a joint statement, the G7’s financial bloc pledged to freeze Russia’s assets until it compensates for the losses it’s caused to Ukraine through the war. A working group assigned to quantify f... #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineReconstruction #WarinUkraine
The US considers aid to Ukraine and Israel a priority and is working hard to use frozen Russian assets. Financial and military support to Ukraine and aid to Israel are priorities for the White House, US Treasury Secretary Janet Yellen said. She emphasized that the White House has made that clear to Cong... #JanetYellen #RussianAssets #RussianAssetsConfiscation #UkraineReconstruction #USsupportsUkraine
Due to uncertainty of further US support, Yellen approves the EU’s plan to tax the Russian Federation’s frozen assets. US Treasury Secretary Janet Yellen strongly supported the EU’s plan to introduce a windfall tax on frozen Russian assets. This step will stimulate the attraction of new funds to support Ukraine.... #JanetYellen #RussianAssets #RussianAssetsArrested #USbudget #USsupportsUkraine
Belgium will create a €1.7B fund from revenues obtained through frozen Russian assets. As reported by the Prime Minister of Belgium, Alexander De Croo, the proceeds from taxes on income from frozen Russian assets will be credited to the fund. “Here in Belgium, we have taxation on ... #AlexanderDeCroo #RussianAssets #RussianAssetsArrested #SupportUkraine #Zelenskyy
The European Parliament changed the four-year, €50B Ukrainian support plan to provide greater transparency. The European Parliament’s budget and foreign affairs committees overwhelmingly supported a proposal for a multi-year, €50B plan. One of the key demands from MEPs is the use of frozen Russian ass... #EUaidforUkraine #ReformsinUkraine #RussianAssets #UkraineFacility #UkraineRecovery
The US and the EU are preparing to transfer confiscated assets of the Russian Federation to Ukraine. The United States is working with European allies and partners to create the necessary legal framework for the use of seized Russian assets for Ukrainian reconstruction projects, US Secretary of State... #AnthonyBlinken #RussianAssets #RussianAssetsConfiscation #UkraineRecovery
The US finds a way to transfer frozen Russian assets to Ukraine. US President Joe Biden may use the International Emergency Economic Powers Act (IEEPA) of 1977 to gain access to them. The law states that the president may block, regulate, direct, annul, prevent, or... #IEEPA #JanetYellen #RussianAssets #RussianAssetsConfiscation #UkraineRestoration
The EU is preparing the 12th package of sanctions against Russia. In October, EU member states will start discussions on a new package of sanctions against Russia, including a ban on diamond trade, writes Bloomberg. The publication’s sources suggest that the E... #RussianAssets #RussianCentralBank #Russiandiamonds #SanctionsAgainstRussia #UkraineReconstruction
A Belgian bank received more than €1.7B in profit from Russian frozen assets, and Estonia plans to be the first in the EU to confiscate such assets. As reported by Euroclear, the €1.74B in profit was from the first half of 2023. The Belgian bank’s management believes “It is necessary to separate estimated sanctions-related earnings fr... #Euroclear #MargusTsahkna #RussianAssets #RussianAssetsArrested #SanctionsAgainstRussia
The US wants to send $1B of seized Russian assets to Ukraine. These are assets that the United States has found and seized in other countries over a year and a half, US Deputy Attorney General Lisa Monaco said. “We detained planes in Switzerland and the Mi... #KleptoCapture #LisaMonaco #RussianAssets #RussianAssetsConfiscation #SanctionsAgainstRussia
The EU is arguing over the mechanism of using the Russian Federation’s frozen assets for Ukraine’s reconstruction of Ukraine. Differences of opinion arose between the European Commission and the European Central Bank regarding the use of profits from the investment of more than €200B in frozen assets belonging to the Russian... #ECB #EuropeanCommission #RussianAssets #RussianCentralBank #UkraineRecovery
The Ukrainian government has nationalized billion-dollar assets belonging to Russian oligarchs, with more to come. According to the State Bureau of Investigations, individuals close to Putin are among the owners of these assets. Among them are Arkady and Ihor Rotenberg, Oleg Deripaska, and Yevhen Giner. Thus, the ... #ArkadyRotenberg #Nationalization #OceanPlaza #OlegDeripaska #RussianAssets #RussianOligarchs #YevhenGiner
Poland has begun confiscating the assets of Russian oligarchs. Poland has introduced temporary management of Russian oligarch Vyacheslav Kantor’s property in Grupa Azoty, Polish Minister of Development and Technology Waldemar Buda said. “We are elimin... #GrupaAzoty #RussianAssets #RussianOligarchs #VyacheslavKantor #WaldemarBuda
Germany opposes the plan to transfer profits from frozen Russian assets to Ukraine. Germany has spoken out against the European Commission’s plan to give Ukraine profits from frozen Russian assets, saying the hasty move could cause legal or financial risks. According to the FT,... #MarcoBuschmann #ReparationsForUkraine #RussianAssets #RussianCentralBank #UkraineReconstruction
Ukraine is preparing a mechanism for confiscating $500B in Russian assets frozen by the West. During the speech at URC2023, Ukrainian Prime Minister Denys Shmyhal said Ukraine proposes to create a universal system under which the internationally recognized aggressor will pay for its crimes. Th... #ConferenceLondon2023 #DenysShmyhal #RussianAssets #UkraineReconstruction #UkraineRecovery #UkraineRecoveryConference
The EU is preparing a plan to transfer revenues from frozen Russian Federation assets to Ukraine. The President of the European Commission, Ursula von der Leyen, promised to present it before the “summer vacation” at the Conference on the Reconstruction of Ukraine in London. She noted ... #financialaidforUkraine #RussianAssets #RussianAssetsConfiscation #UkraineReconstruction #UkraineRecovery #UrsulavonderLeyen
The EU is still working out a mechanism for using Russian assets for Ukraine. As a representative of the European Commission, Christian Wiegand, explained there are two different elements: private assets and state assets. The amount of frozen private assets is at a €24.1B equiv... #ChristianWiegand #RussianAssets #RussianAssetsConfiscation #RussianCentralBank #UkraineRecovery
The US Congress is preparing to confiscate Russian assets to assist Ukraine, and Estonia is the first in the EU to develop a legal confiscation mechanism. The corresponding draft act has been introduced by a bipartisan group of US senators, which primarily concerns the assets of the Central Bank of the Russian Federation. The document is entitled the Re... #ReconstructionUkraine #ReparationsForUkraine #REPOgroup #RussianAssets #RussianAssetsConfiscation
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 nationalization of more than 900 Russian objects has been frozen for six months. More than 900 commercial objects in Ukrainian territory, which belong to Russian state companies, have not been forcibly removed six months after the list of these objects was approved at a meeting of... #Nationalization #RussianAssets #TrapAggressor
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
Ukraine will have access to $300B of Russian money to rebuild the country. Nearly $300B in funds from the Central Bank of the Russian Federation, which are in accounts outside Russia, have already been reserved for Ukraine, stated an Economic Adviser to President Zelensky, O... #RussianAssets #RussianAssetsArrested
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 #Zelenskyy
