US wins latest legal battle to seize Russian yacht in Fiji

Seized yaht Amadea

The United States on May 27 2022 won the latest round of a legal battle to seize a $325-million Russian-owned superyacht in Fiji, with the case now appearing headed for the Pacific nation’s top court. The case has highlighted the thorny legal ground the U.S. finds itself on as it tries to seize assets of Russian oligarchs […]

The uncertain grip on Russia’s money

Christian Lindner

German Finance Minister Christian Lindner Rebuilding Ukraine with Russian assets: Finance Minister Christian Lindner likes the idea, and there is also a role model. However, implementation would be legally risky. Could Russian assets be used to rebuild Ukraine ? When Christian Lindner was asked this recently by SPIEGEL, his answer came without hesitation: “With the assets of the Russian state, my […]

EU proposes to make seizing assets easier, including of sanctioned oligarchs

Seized syperyaht by Russian oligarch Victor Vekselberg

Seized syperyaht by Russian oligarch Victor Vekselberg BRUSSELS, May 24 (Reuters) – The European Commission wants to make it easier to confiscate assets linked to serious illegal activities and suspected criminals, including those evading European Union sanctions against the Kremlin. The European Commission proposed two EU laws that would require the 27 member states` approval.  […]

The EU has so far frozen 10 billion euros in oligarch capital

Frozen oligarch capital

The EU has access to more and more oligarch money. Now a dispute breaks out as to whether the assets can flow to Ukraine as compensation. Russian billionaires have lost access to nearly $10 billion worth of luxury yachts, real estate and other assets since the Russian invasion of Ukraine began. According to information from the dpa news agency, this is […]

German finance minister open to seizing Russia cenbank assets – Handelsblatt

German Finance Minister

German Finance Minister Christian Lindner is open to the idea of seizing Russian state assets to finance the reconstruction of Ukraine, he said in an interview with German business daily Handelsblatt and three other European newspapers. “I am politically open to the idea of seizing foreign assets of the Russian Central Bank,” Lindner said, adding […]

Yellen links Russia sanctions to 1940 U.S. asset freezes aimed at Nazis

Janet Yellen

U.S. Treasury Secretary Janet Yellen on Monday drew parallels between the financial pressure that the United States and its allies are imposing on Russia to the efforts of a 1940s Treasury secretary to deny financial resources to Nazi Germany. Yellen, speaking at the POLIN Museum of the History of Polish Jews in Warsaw, said that […]

Spain seizes 12 bank accounts, 3 yachts, 23 properties belonging to Russians

Seized syperyaht by Russian oligarch Victor Vekselberg

Spanish Civil Guards stand by the Tango superyacht, belonging to Russian oligarch Viktor Vekselberg, which was seized on behalf of U.S. authorities, as it is docked at the Mallorca Royal Nautical Club, in Palma de Mallorca, in the Spanish island of Mallorca, Spain/REUTERSPix Government set to pass measures that would make it easier to seize […]