The European Commission is discussing the confiscation of Russia’s reserves in favor of Ukraine
Confiscation of Russian reserves frozen in the EU is under discussion, but this involves a legally complex process. This was announced on Monday, May 30, at a press conference in the Foreign Press Association in Rome by European Commissioner for Economy Paolo Gentiloni. He said that the confiscation of Russian assets in Europe is not […]
US wins latest legal battle to seize Russian yacht in Fiji
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
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 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
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 […]
The President of the European Commission allows the involvement of arrested Russian assets to rebuild Ukraine
European Commission President Ursula von der Leyen has admitted that the seized Russian assets could be used to finance the reconstruction of Ukraine after the war. According to European Truth, she said this in her speech at the World Economic Forum in Davos. Ursula von der Leyen recalled the reconstruction plan she proposed to Ukrainian […]
German finance minister open to seizing Russia cenbank assets – Handelsblatt
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
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 […]
Borrel: The EU should consider withdrawing Russia’s foreign exchange reserves to rebuild Ukraine
The countries of the European Union should consider withdrawing Russia’s frozen foreign exchange reserves and sending them to Ukraine for post-war reconstruction. This was stated in an interview with the Financial Times by EU Foreign Minister Josep Borrell. Borrel said the United States had taken control of billions of dollars in assets belonging to the Afghan central […]
Spain seizes 12 bank accounts, 3 yachts, 23 properties belonging to Russians
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 […]
