Thursday, October 31
The US offers to transfer frozen Russian assets to Ukraine “in advance,” as part of reparations.
Thursday, December 21, 2023
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 Ukraine in tranches, for example, through the World Bank or the EBRD. This is seen as an advance payment before reparations to Ukraine begin, which Russia will eventually have to pay to compensate for its aggression.
Meanwhile, Germany wants to confiscate €720M of Russian funds. The Prosecutor General’s Office of the Federal Republic of Germany submitted a corresponding application to the Higher Land Court of Frankfurt am Main. This concerns frozen funds that were placed by a subsidiary of the Moscow Stock Exchange in the German branch of the American bank J.P. Morgan.
