Source link Finland has joined Estonia and Lithuania in enforcing the bloc’s punitive measures against vehicles from Russia Cars with Russian license plates must leave Finland no later than March 15, otherwise they will be seized, Finnish customs warned on Tuesday. The measure is mandated by EU sanctions against Russia, as well as a policy […]
Source link France and Germany have warned that outright confiscation would reflect badly on the West’s financial system A rift is growing between Western allies over confiscating frozen Russian assets to help Ukraine as they continue to argue over legal ways to use the immobilized funds, Bloomberg reported on Wednesday. The West has frozen roughly […]
Source link Many European countries have been reluctant to tap the reserves themselves, opting instead for the interest earned on them Ukraine’s Western backers should step up efforts to confiscate Russian assets frozen abroad in order to aid Kiev, British Prime Minister Rishi Sunak has said. In an article for the Sunday Times marking the […]
Source link The confiscated vehicles will be handed over to Ukraine, Latvia’s Transport Ministry said Legislation in Latvia banning the use of cars with Russian license plates has come into force, the EU country’s Transport Ministry has announced. The deadline set by the government in Riga for the owners of such vehicles to register them […]
Source link Confiscating Moscow’s frozen central-bank reserves must be “legally watertight,” Dominic Johnson has urged Any step towards confiscating frozen Russian assets must be done in strict accordance with international law, Britain’s investment minister, Dominic Johnson, said on Tuesday in an interview with Reuters. Earlier this week, the EU Council reported that the bloc’s envoys […]
Source link The confiscation of Russia’s frozen assets could lead to massive financial losses on part of the US and its allies, the news agency RIA Novosti reported over the weekend. A number of Western nations, including the US, UK, France, and Germany, still have significant investments in Russia that could be lost. Total foreign […]
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 Dozens of real estate objects belonging to the Russian government have been sealed off in the Czech Republic, the Czech News Agency (CTK) reported on Friday, citing the country’s cadastral register. Foreign Minister Jan Lipavsky said the measure targets roughly 70 properties, located mainly in Prague, Central Bohemia and Karlovy Vary. The step […]