Source link Washington reportedly wants to come up with a plan in time for the group’s February summit The United States has called for working groups from the Group of Seven (G7) countries to explore ways to confiscate hundreds of billions of dollars in frozen Russian assets, the Financial Times reported this week. The United […]
Source link Russia will retaliate in kind to the potential confiscation of its assets by Western countries, Kremlin spokesman Dmitry Peskov told journalists on Friday. Russian authorities have assessed the unpredictability of the opposing side, as well as their tendency to violate international and other laws, Peskov stated, adding that, for now, confiscation of foreign […]
Source link The unprecedented step would push countries to use alternative currencies, Robert Shiller has warned The dollar’s standing as a reserve currency would be jeopardized if the West confiscates frozen Russian assets to aid Ukraine, Nobel Prize-winning economist and Yale University professor Robert Shiller said in an interview with Italian news outlet La Repubblica […]
Source link The French bank had been a controlling shareholder of the Russian lender before it divested amid Ukraine-related sanctions last year Russian lender Rosbank has received permission to buy out the local assets that belong to its former controlling shareholder, French banking group Societe Generale, according to a decree signed by President Vladimir Putin […]
Source link An immediate mirror response will follow any attempts to confiscate funds, Dmitry Peskov has said The seizure of Russian assets by Western countries would be “illegal” and “extremely dangerous” for the global finance system, Kremlin spokesman Dmitry Peskov warned on Friday. The US and EU are reportedly considering using Russian assets frozen in […]
Source link Washington is reportedly pressing its partners for a strategy before the second anniversary of the start of the Ukraine conflict The White House has started urgent discussions with its allies on seizing frozen Russian assets and using them to help Ukraine, the New York Times reported on Thursday, citing sources. Western nations are […]
Source link Some Brussels officials are concerned about possible retaliation from Moscow, the paper says Not all European countries are in favor of an idea to seize frozen Russian assets and use them to fund Ukraine, the Financial Times reported on Wednesday. The initiative is gaining traction among the G7 members, as the US and […]
Source link A local Federal Prosecutor is reportedly targeting a Moscow Stock Exchange subsidiary German officials have announced plans to seize almost $800 million in assets from a Russian bank account due to alleged violations of EU sanctions. The Federal Public Prosecutor’s Office in Karlsruhe has initiated “independent confiscation proceedings,” according to its official website. […]
Source link The foreign exodus offers domestic firms great investment opportunities, according to Vladimir Potanin The exit of Western companies from Russia due to Ukraine-related sanctions opens many new opportunities for domestic firms to invest and expand their portfolios, businessman Vladimir Potanin said on Thursday during the VTB Bank forum ‘Russia Calling!’ According to Potanin, […]
Source link Ambassadors from several EU countries have rejected a proposal by Spain to use revenue generated from frozen Russian assets to fund the Ukrainian economy, Politico has reported, citing anonymous officials. Spain is currently at the helm of the EU’s rotating presidency. It reportedly suggested during a meeting of EU envoys on Tuesday that […]
Source link Switzerland has an estimated 7.7 billion Swiss francs ($8.81 billion) of Russian assets frozen in its financial institutions, the national agency overseeing sanctions announced late last week. While the figure is a provisional estimate and may be subject to change, it represents an increase on the 7.5 billion francs the Swiss authorities said they […]
Source link The European Union may unveil a proposal to tax profits from more than €200 billion ($218 billion) of frozen Russian central bank assets in order to help rebuild Ukraine, Bloomberg reported this week. A person familiar with the discussions told the outlet that the plan, which is expected to be released on December […]
Source link Using the funds could jeopardize the euro’s reputation, the bank’s vice president has said The EU should not use frozen Russian assets in order to help rebuild Ukraine, the European Central Bank (ECB) vice president, Luis de Guindos, said in an interview with De Standaard and La Libre Belgique news outlets published on […]
Source link Member states will be able to seize assets if the owners refuse to sell, Finnish News Agency STT reports The new package of EU sanctions on Moscow could allow member states to expropriate property belonging to sanctioned Russians that refuse to sell it, Finnish News Agency STT reported on Tuesday. The assets could […]
Source link The three largest Israeli banks have segregated assets in accounts belonging to Russian citizens or Russian tax residents, Forbes reported on Wednesday, citing Mark Oigman, the founder of international financial company SmartGen. Previously, the EU’s largest depositary Euroclear demanded that its partner-banks separate accounts that belong to Russians in order to monitor compliance […]