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 The potential confiscation of funds would violate international law and ultimately weaken Europe, the French president has warned French President Emmanuel Macron has warned against the expropriation of frozen Russian assets, claiming that such a move would infringe upon international law and weaken Europe. The US and UK have been pushing for action […]
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 The move could undermine the European financial system, chief executive Lieve Mostrey has claimed A plan by the G7 to use Russia’s frozen assets as a backstop to issue loans for the reconstruction of Ukraine would pose risks to the financial stability of Europe, Lieve Mostrey, CEO of the Brussels-based clearinghouse Euroclear, has […]
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 St. Nikolas was transporting crude from Iraq to Turkey when it was boarded An oil tanker has been boarded and seized by Iranian forces in Gulf of Oman, Tehran’s Navy confirmed on Thursday. The St Nikolas – a Greek-owned vessel bearing the Marshall Islands flag – was taken in retaliation for last […]
Source link The Biden administration sees the move as a way of making Moscow pay for damage done to Ukraine The White House supports the idea of confiscating Russian assets that have been frozen since the outbreak of the conflict in Ukraine, Bloomberg has reported, citing a US National Security Council (NSC) memo. The NSC […]
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 […]