The IMF is assessing the impact of the confiscation of Russian assets on the international financial system, and Russia is preparing its case for the courts. The top manager of the IMF, Julia Kozak, noted that the fund believes that decisions on the confiscation of Russian assets should be made by the countries where the frozen funds of the Russian Federat... #imf #JuliaKozak #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #RussianCentralBank
The White House approves confiscating $300B in Russian assets to restore Ukraine. US President Joe Biden’s administration supports a bill that would allow it to confiscate about $300B in frozen Russian assets for Ukraine’s restoration. Biden supports the move amid congression... #JoeBiden #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineRecovery #WhiteHouse
The frozen assets belonging to the Russian Federation will cover 80% of Ukraine’s reconstruction needs. Minister of Foreign Affairs Dmytro Kuleba said that Ukraine will definitely receive money for post-war reconstruction from frozen Russian Federation assets. The minister hopes these funds will arrive ... #DmytroKuleba #EnvironmentalDamage #ReparationsForUkraine #RussianAssetsConfiscation #UkraineReconstruction #UkraineWarDamages
The White House needs Congress’ approval to continue aid to Ukraine and continue working on confiscating Russian assets. The White House no longer has funds for new military aid packages to Ukraine until the US Congress approves it, the representative of the National Security Council of the White House, John Kirby, said... #DenysShmyhal #JohnKirby #RussianAssetsConfiscation #SupportUkraine #USaidforUkraine #UScongress
Will the mechanism for the confiscation of Russian assets start soon? The Minister of Foreign Affairs, Dmytro Kuleba, announced progress regarding the confiscation of Russian assets for Ukraine’s benefit and expressed hope that in 2024 the legal framework will be approv... #DmytroKuleba #RussianAssets #RussianAssetsConfiscation
This year’s latest arms package, worth $250M, and the confiscation of $300B in frozen Russian assets: this is how the US is supporting Ukraine on New Year’s Eve. The package includes ammunition for NASAMS and HIMARS systems, Stinger anti-aircraft missiles, 155 mm and 105 mm artillery shells, TOW anti-tank missiles, and Javelin and AT-4 anti-tank systems. The p... #HimarsForUkraine #MilitaryAidforUkraine #NASAMS #RussianAssetsConfiscation #SupportUkraine #USmilitaryAid #WarinUkraine
More than €4B in Russian assets have been seized in Germany. As of the beginning of December 2023, the Ministry of Finance of Germany reported that due to Russia’s war against Ukraine, Germany has seized about €4.1B in Russian assets. It is noted that the... #JPmorgan #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #RussianCentralBank
Biden approves the $300M US defense budget for Ukraine, and his administration has begun urgent negotiations with the G7 to transfer frozen Russian assets. On December 22, US President Joe Biden signed the National Defense Authorization Act, which provides a record $886B for defense needs in the 2024 fiscal year. It continues the operation of the initiat... #JoeBiden #RussianAssetsConfiscation #SupportUkraine #USaidforUkraine #USdefenseBudget
The US offers to transfer frozen Russian assets to Ukraine “in advance,” as part of reparations. According to the FT, although Washington has not publicly supported confiscating frozen assets, politicians have agreed to it privately. It is assumed that the seized assets can be transferred to Ukra... #JPmorgan #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation
The EC approves a plan for the use of the Russian Federation’s frozen assets for Ukraine’s benefit. As a high-ranking EU official told journalists at a closed briefing, the European Commission will not publish the proposal but will submit it to the European Council for study and decision-making. The... #EuropeanCommission #RussianAssets #RussianAssetsConfiscation #UkraineRestoration
The EU will consider a plan to use revenues from Russia’s frozen assets; Britain supports using these assets to help Ukraine. The EC must approve a legal proposal regarding the use of income from Russian assets frozen under sanctions in connection with the Russian Federation’s full-scale invasion. The decision is expected to... #DavidCameron #ReparationsForUkraine #RussianAssetsConfiscation #UkraineRecovery
The EU will present a plan for the use of frozen Russian assets, but a few issues still remain. On December 12, the EC plans to publish a plan to use the profits from more than €200B in frozen Russian Central Bank assets. Several issues still need to be resolved, however, and the EU proposal wil... #RussianAssets #RussianAssetsConfiscation #RussianCentralBank
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 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
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
Next year, Ukraine will once again seek $15B for rapid recovery. In 2024, Ukraine will need from $10 to $15B for quick recovery, Prime Minister Denys Shmyhal said. He specified that financing of the Recovery Fund from the state’s budget for the next year is n... #DenysShmyhal #RussianAssetsConfiscation #UkraineEconomy #UkraineRecovery
Ukraine spent UAH 60B on rapid reconstruction and offers a special mechanism for attracting funding for the country’s reconstruction. Prime Minister of Ukraine Denys Shmyhal stated at the Yalta European Strategy forum that more than UAH 60B has already been allocated for Ukraine’s rapid rebuilding. This included funds for demi... #DenysShmyhal #RussianAssetsConfiscation #UkraineReconstruction #UkraineRecovery #YaltaConference
Billion-dollar US aid package for Ukraine includes $5.4M from Russian oligarchs, and the EU is preparing to transfer €3B to Ukraine from frozen Russian reserves. For the first time since the beginning of the war, the US will transfer Ukraine assets confiscated from sanctioned Russian oligarchs, said US Secretary of State Antony Blinken. The assets total around... #AnthonyBlinken #financialaidforUkraine #RussianAssetsConfiscation #SupportUkraine #USaidforUkraine
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 will tax profits on frozen Russian Central Bank assets. EU leaders are backing plans that would impose a windfall tax on profits generated by more than €200B in Russian Central Bank assets to aid Ukraine’s reconstruction and will seek political support fro... #RussianAssetsConfiscation #RussianCentralBank #UkraineReconstruction #UrsulavonderLeyen
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
A European working group will explore using frozen Russian assets for Ukraine. An EU working group will be set up to look at using frozen Russian assets for the reconstruction of Ukraine, the Swedish Presidency of the Council of the EU said on Tuesday. The Swedish presidencyR... #RussianAssetsConfiscation #UkraineReconstruction #UlfKristersson
Confiscated Russian assets will be transferred to Ukraine for the first time. The US Attorney General’s Office announced the first transfer to Ukraine of confiscated assets seized from Russian oligarch Konstantin Malofeev, said the US Attorney General, Merrick Garland. On... #KonstantinMalofeev #RussianAssetsConfiscation
Ukraine already knows where to get the first UAH 110B for reconstruction. The government has identified four key funding sources for Ukraine’s recovery program, Prime Minister Denys Shmyhal said. First, UAH 17B of confiscated funds from Russian banks have already been... #DenysShmyhal #RussianAssetsConfiscation #UkraineReconstruction
Estonia will be the first country in the EU to transfer frozen Russian assets to Ukraine. The government of Estonia plans to be the first country in the EU to develop a mechanism to transfer frozen Russian assets to help Ukraine. Currently, two ministries are preparing legal grounds to tak... #RussianAssetsConfiscation #UkraineEstonia #UrmasReinsalu
Germany is ready to transfer Russian assets to Ukraine, and the US and the EU are putting pressure on Switzerland. The German authorities are ready to send frozen Russian assets to restore Ukraine if there is a legal basis for this and the allies act similarly. As Bloomberg writes, Olaf Scholz’s government g... #OlafScholz #RussianAssetsConfiscation #UkraineRecovery
The EU is working on the transfer of frozen assets of the Russian Federation. The European Union is analyzing the possibility of using part of the frozen Russian assets to restore Ukraine. As Bloomberg notes, the discussion is in an early stage, and legal experts have been task... #RussianAssetsConfiscation #RussianCentralBank
The US is discussing transferring the Russian Federation’s confiscated assets to reconstruct Ukraine. The sale of confiscated assets and transfer of seized funds would significantly facilitate the process of compensation for damages caused by the Russian war on Ukraine. This proposal was put forward b... #RussianAssetsConfiscation #UkraineReconstruction
Ukraine will ask the UN to approve the confiscation of Russian assets. Ukraine will propose to the UN General Assembly the adoption of a resolution regarding Ukraine’s acquisition of Russian assets as reparations for the war, writes The Guardian. Recently, senior officia... #RussianAssetsConfiscation #UNGeneralAssembly
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
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
The Rada is preparing a bill on the confiscation of Russian property in Ukraine. The Verkhovna Rada Committee on Economic Development, in cooperation with the Ministry of Economy, is drafting a bill on the seizure of Russian property, funds, etc. in Ukraine, as reported by the pr... #RussianAssetsConfiscation #RussianWar #WarinUkraine
