The US House of Representatives passed a non-binding bill on Wednesday, calling on President Joe Biden to impound the assets of wealthy Russian individuals believed to have ties to the Kremlin. Under the plan, confiscated capital would go toward supporting Ukraine. Named the Asset Seizure for Ukraine Reconstruction Act, the …
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Washington is not planning to return the assets confiscated from Russian businessmen as part of the latest sanctions imposed on Moscow over the military operation in Ukraine, US National Security Advisor Jake Sullivan said on Thursday. “Our goal is not to give them back,” Sullivan said at the Economic Club …
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The nationalization of assets belonging to foreign companies that quit Russia is not on the table, the country’s top senator said on Wednesday. Speaking before Parliament, Valentina Matvienko commented on reported plans in Germany to nationalize energy companies. “We don’t want to turn into raiders, like our opponents do. Nationalizing …
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Europol and other EU agencies have teamed up with the bloc’s members to facilitate criminal investigations into the assets of individuals and entities sanctioned over Russia’s ongoing military offensive in Ukraine. “Operation Oscar” will also support probes by EU nations into alleged violations of economic and trade restrictions placed on Moscow, Europol …
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A bill that would allow the use of Russian assets seized by Washington to fund aid to Ukrainian refugees and the post-war reconstruction of Ukraine is being introduced in the US Senate. The RELIEF (Repurposing Elite Luxuries Into Emergency Funds) for Ukraine Act is being proposed by Colorado’s Democratic senator, …
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The Russian Central Bank (Bank of Russia) on Friday imposed restrictions on the movement of funds to countries that introduced economic sanctions against Russia in connection with its military operation in Ukraine. “In response to the partial freezing of Russian reserves, Russia also introduced restrictions on the movement of funds …
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BlackRock has become the first public asset manager with assets reaching the $10 trillion milestone, reinforcing the company’s position at the top of the entire sector. Assets under management stood at $10.01 trillion at the end of the quarter, up from $8.68 trillion recorded a year earlier. The surge is …
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Ukraine’s former president, Petro Poroshenko, has had his assets frozen by a court amid a high treason case over financial dealings with separatists. Poroshenko says he’ll fight to clear his name on his return home from Poland. Poroshenko’s assets were arrested by a Kiev court on Thursday. They reportedly include …
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The UN Special Representative for Afghanistan, Deborah Lyons, issued the dire warning during a briefing to the Security Council in New York on Thursday, arguing that ordinary Afghans will suffer dearly if the international community halts the flow of aid dollars into the country in order to “deny” the Taliban resources. …
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Roughly a day after it fell prey to the largest heist in crypto history by the volume of assets stolen, Poly Network announced that the alleged perpetrator, or perpetrators, of the hack returned some $260 million in bitcoin, ethereum and polygon tokens flushed out in the attack. About $353 million …
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