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
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
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 REPO group has frozen $58B in Russian assets, but asset accumulation has slowed. The multilateral Task Force on Prosecution of Russian Elites, Proxies, and Oligarchs (REPO) has blocked or frozen $58B in Russian assets that are restricted in connection with sanctions issued followi... #ReparationsForUkraine #REPOgroup #RussianAssetsArrested
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
The EU Commission is working on directing Russian assets to restore Ukraine. The European Commission proposes the creation of a special court to prosecute Russian crimes in Ukraine and determine the conditions for using frozen Russian assets for Ukraine’s benefit, Ursula von d... #ReparationsForUkraine #RussianAssetsArrested #UkraineRecovery #UrsulavonderLeyen
Russia has become the most sanctioned country in the UK, ahead of Libya and Iran. The British government has frozen assets totaling ￡18 billion ($20.5B) belonging to Russian oligarchs, other individuals, and entities. All are under sanction for the Russian invasion of Ukraine. Acco... #anti_Russiansanctions #RussianAssetsArrested #UKsanctions
The EU has frozen €17B in Russian assets. The European Union has frozen Russian assets worth more than €17B as part of the sanctions that have been placed against Russia. EU Justice Commissioner Didier Reynders believes this money can be used... #DidierReynders #RestoringUkraine #RussianAssetsArrested
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
