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Within days of the Russian invasion of Ukraine in February 2022 western countries moved to freeze Russian central bank funds in these countries. [1] [a] In March 2023 (prior to the destruction of the Kakhovka Dam) a joint assessment was released by the Government of Ukraine, the World Bank, the European Commission, and the United Nations, estimating the total cost of reconstruction and ...
Some Russian officials have suggested that if Russian assets are confiscated then foreign investors' assets stuck in special so-called type "C" accounts in Russia could face the same fate.
Around $300 billion of Russian financial assets, such as major currencies and government bonds, were frozen overseas shortly after Moscow despatched troops to Ukraine in February 2022, and Western ...
Russian assets frozen in European accounts are generating billions of dollars in interest payments that could be diverted to help repair Ukraine’s war-torn economy — and the European Union ...
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]
Still, the frozen assets are only a fraction of the total wealth held by Russians in Switzerland, with the country's banks holding 150 billion francs, according to estimates by the Swiss Bankers ...
Switzerland has frozen Russian assets worth 5.8 billion Swiss francs ($6.36 billion), the government said on Tuesday, a big drop that could intensify international pressure on the neutral country ...
A U.S. proposal for using the interest derived from $300 billion in frozen Russian assets to aid Ukraine could win broad support from countries worried about outright seizure of the underlying ...