Source link Brussels needs and an “emergency mechanism” in case its plan to fund Kiev with Russia’s money backfires, according to an EU official While Brussels is searching for legal loopholes to send frozen Russian assets to Ukraine, it must keep some of the cash as a “safety buffer,” should its clearing house Euroclear get […]
Source link Rand Paul says the move would make peace in Ukraine less likely while undermining America’s global standing US Senator Rand Paul has warned against seizing frozen Russian assets, saying it would have negative consequences for America, as well as Ukraine. The Republican added that by confiscating the funds, Washington would demonstrate to the […]
Source link Amendments to the criminal code would let Russian authorities seize property from those found guilty of inciting “extremist” activity President Vladimir Putin signed a law on Wednesday allowing the Russian authorities to confiscate the property of individuals found guilty of spreading “deliberately false information” about the Armed Forces or committing crimes against national […]
Source link Any such move would have decades-long consequences, spokesman Dmitry Peskov has said Anyone who seizes Russian assets will face long-lasting consequences, Kremlin spokesman Dmitry Peskov warned on Monday. His comments came after the Financial Times reported that G7 nations are considering using frozen Russian funds as collateral to finance Ukraine. In an article […]
Source link The bloc wants to direct the income generated by Moscow’s frozen reserves to Ukraine The EU is moving forward with plans to impose a windfall tax on the income generated by frozen Russian assets, Bloomberg reported on Tuesday, citing sources. The bloc’s foreign ministers approved the tax on Monday and its ambassadors will […]
Source link Finance Minister Anton Siluanov has warned that Moscow will respond in kind if the European Union decides to utilize profits generated from frozen Russian assets. Last year, around €260 billion ($285 billion) of Moscow’s central bank assets were immobilized in G7 countries, the EU, and Australia, as indicated by a European Commission document. […]