Tag Archives: assets

The White House fears that the confiscation of Russian assets could damage its reputation, the New York Times reported on Tuesday. According to the newspaper’s sources, top officials in President Joe Biden’s administration believe the seizure of assets would be illegal and could discourage other countries from relying on the United States …

Kiev has started proceedings to seize the assets of Russian oil giant Rosneft, the Security Service of Ukraine (SBU) said on its Telegram channel on Saturday. “The SBU initiated the seizure of Rosneft’s assets in Ukraine… According to the materials of the SBU, the activities of the energy company, which …

Ukrainian President Volodymyr Zelensky has signed a law, on Monday, allowing the confiscation of assets from citizens accused of supporting Russia in the ongoing conflict. The legislation, which parliament passed in mid-May, states that the seizure of assets is an extraordinary measure which can be only used during martial law …

The Chinese Communist Party (CCP), seeking to insulate the country’s top brass from Western sanctions like those imposed on Russia over the Ukraine conflict, has allegedly issued a directive discouraging senior officials from buying assets abroad. The new policy will block promotions for CCP elites who have significant overseas holdings, the …

India’s Oil and Natural Gas Corporation (ONGC) is considering purchasing additional stakes in Russian oil and gas fields from Western firms that plan to leave the country, the Economic Times (ET) reported on Thursday, citing people familiar with the matter. The move comes even as the Indian company’s first bid …

US Treasury Secretary Janet Yellen said on Wednesday that it would not be legal for the United States to seize frozen Russian central bank assets to help rebuild Ukraine. Yellen was referring to an estimated $300 billion in assets from Russia’s central bank that have been blocked by the United …

The Swiss government on Thursday reported that 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets have been frozen under the country’s sanctions. The report said the figure indicates a decrease from the roughly 7.5 billion Swiss francs (over $7 billion) in funds the government reported frozen on April …

Seizing Russia’s foreign-exchange reserves would be nothing short of “theft,” Russian Foreign Minister Sergey Lavrov said on Tuesday. Such an idea was recently floated by the EU’s top diplomat, Josep Borrell. “It seems fair to say that this is a theft they [the Western nations] do not even try to …

EU foreign policy chief Josep Borrell, citing the precedent with the Afghan central bank’s assets worth billions, suggested seizing frozen Russian foreign exchange reserves and using them to cover the costs of rebuilding Ukraine once the military conflict is over. In an interview with FT published on Monday, Borrell said …

Russian assets that have been frozen in the EU as part of sanctions against Moscow over the conflict with Kiev should be seized and allocated for the reconstruction of Ukraine, European Council President Charles Michel said on Thursday. “I’m absolutely convinced that this is extremely important not only to freeze …