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Volodin said that of the $280 billion of Russian assets frozen abroad, only $5 to $6 billion was in the United States while about 210 billion euros ($224 billion) was in the European Union.
The vast majority of Russia’s central bank assets that were frozen by the G7 and the European Union are held by the EU, with the US only holding around $5 billion worth, officials told CNN.
The EU has concluded that it "can't legally confiscate outright frozen Russian assets", [21] [h] but the annual profits from the investment of those assets is expected to be around €3 billion [73] (US$3.4 billion) [74] and a "windfall profits tax" on those profits is being investigated. [75]
The Russian central bank has not given a detailed breakdown of what was frozen but a rough outline can be gained from documents detailing Russian holdings at the beginning of 2022.
G7 negotiators have been discussing for weeks how to best exploit some $300 billion worth of Russian financial assets, such as major currencies and government bonds, which were frozen shortly ...
On June 17, 2015, Belgian court bailiffs notified 47 Belgian and Russian companies and nongovernmental organizations registered in the region of Brussels [citation needed] that the government was freezing any Russian state assets in their possession – mostly bank accounts and real estate [83] –, as well as any debts they may owe to the ...
Volodin said that of the $280 billion of Russian assets frozen abroad, only $5 to $6 billion was in the United States while about 210 billion euros ($224 billion) was in the European Union ...
"The provision by the U.S. Treasury Department...of $20 billion using income from operations of 'frozen' Russian sovereign assets essentially stolen by the G7 countries is simply robbery," a ...