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US fears consequences of seizing Russian assets – NYT

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 …

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Kiev seizes assets of Russian oil major

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 …

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Ukraine to seize assets of alleged Russia sympathizers

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 …

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Сhinese elites given directive on foreign assets – WSJ

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 …

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Seizing Russian assets to rebuild Ukraine illegal – US

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 …

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Switzerland releases some frozen Russian assets

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 …

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Top EU diplomat wants to see frozen Russian assets seized

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 …

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EU calls for confiscation of frozen Russian assets

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 …

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