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US urged to release frozen Afghan funds

Washington should release the assets of the Afghan Central Bank it froze last year after the Taliban takeover and return them to the Afghan people, a group of more than 70 renowned economists said in an open letter on Wednesday.  The economists and academics from the US, the UK, India, …

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Value of Russian securities frozen by EU is revealed

Euroclear, one of the world’s largest financial securities transactions companies, has blocked about $27 billion worth of securities belonging to Russians, according to strategists at ITI Capital. Frozen assets held by foreign investors reportedly exceed $85 billion. The Belgium-based settlement and clearing organization announced the suspension of transactions with Russian …

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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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Taiwan frozen out by US weapon’s contractors

Taiwanese defense officials have been forced to regroup on plans for artillery forces after being told that the US has pushed back the estimated delivery date for 40 howitzer systems by at least three years as Washington races to supply more weapons to war-torn Ukraine. Taipei’s $750 million order was …

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Moscow outlines when ‘frozen’ dialogue with US may restart

The dialogue on strategic stability between Russia and the US may only resume after all the goals of Moscow’s military operation in Ukraine are achieved, a high-ranking Russian diplomat has said. “As of today, there’s no use talking about any prospects for negotiations on strategic stability with the US,” Vladimir …

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