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The Euroclear depository, in Belgium, holds frozen Russian assets variously estimated at €125 billion ($137 billion), [24] €180 billion ($197 billion), [25] and €190 billion ($208 billion). [26] [27] Euroclear generated €3 billion ($3.28 billion) in profits from these assets in the first nine months of 2023.
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.
Top Biden administration officials have spent the last year quietly trying to figure out how to divert billions of dollars in frozen Russian money to cash-starved Ukraine.. The proposal the US has ...
Last week, Russian President Vladimir Putin signed a decree that would allow Russia to claim U.S. assets in retaliation for any Russian assets confiscated in the U.S. This move comes as Group of ...
The G7 countries plus the European Union announced in May 2023 that the approximately $300 billion (€275 billion) in Russian central bank assets that had been frozen in these countries would remain frozen "until Russia pays for the damage it has caused to Ukraine," [116] [119] and this was reaffirmed after the G7 meeting in December, 2023. [120]
On 11 August 2022, the REPOTF announced it had seized $30bn in assets. [3] By 24 February 2023, the anniversary date of the 2022 Russian invasion of Ukraine, the REPOTF had "Blocked or frozen more than $58 billion worth of sanctioned Russians’ assets in financial accounts and economic resources." [4] [5] [6] [7]
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 ...
Executive Order 14071, officially titled Prohibiting New Investment in and Certain Services to the Russian Federation in Response to Continued Russian Federation Aggression, was signed on April 6, 2022, and is the 87th executive order signed by U.S. President Joe Biden.