The European Union on Monday took a step towards confiscating the interest earned by Russian sovereign funds the bloc has frozen in response to the conflict in Ukraine. The EU and the US moved to freeze an estimated $300 billion in assets belonging to the Russian Central Bank, most of which...
"Indiana will not be a safe haven for ill-gotten Russian funds, nor for its oligarchs trying to find financial shelter in the wake of Putin's unconscionable invasion of Ukraine," Democratic state Representative Ryan Dvorak said while proposing the amendment last week. New York Governor Kathy Hoc...
Despite its ties to Russian state businesses and officials, the Russian Direct Investment Fund has managed to operate unaffected by the sanctions imposed by the U.S. and EU in response to Russian President Vladimir Putin's military actions in Ukraine. The Ukrainian government said Russian troops i...
“There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live,” European Commission President Ursula von der Leyen proudly stated. She forgot to add that 90% of these funds will go right back to Europe to reimburse them for ...
In April, Shmyhal said Kiev sought to seize Russian assets to finance Ukraine's post-conflict recovery. "The funds of the Russian government and oligarchs will be one of the main sources for filling the Fund for the Reconstruction of our country," Shmyhal said on Telegram. ■News...
Earlier in the day, Russian Prime Minister Dmitry Medvedev signed a decree to impose sanctions on Ukraine, which include a freezing of assets controlled by the blacklisted individuals and 68 entities in Russia and a ban on the transfer of their funds from Russia. ...
Ukraine says Russia lost 9,166 military personnel in war General Staff of the Armed Forces of Ukraine has claimed on Friday that the total combat losses of Russia from 24.02 to 04.03 included 9,166 military personnel. Australia freezes $33 million of Russian funds ...
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Russian Oligarch Ordered to Forfeit $5.4 Million to U.S., Ukraine May Get Funds More Reuters FILE PHOTO: U.S. President Joe Biden speaks about continued U.S. support for Ukraine in the Roosevelt Room at the White House in Washington, U.S., January 25, 2023. REUTER...
Yellen welcomed what she called a "very constructive step" taken by the European Union to segregate the proceeds from assets held by Brussels-based Euroclear and transfer them to Ukraine, noting future interest could also be pulled forward to expand funds available for Ukrai...