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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 ...
Russian officials have repeatedly warned that the state confiscation of assets goes against all the principles of free markets. "Let's see what they decide," one senior Russian official told ...
Russia now has grounds to confiscate Western assets after the U.S. House of Representatives passed legislation that would allow the potential transfer of seized Russian assets to Ukraine, a top ...
On Saturday, Medvedev proposed the confiscation of private individuals' Russian assets as one response to any U.S. seizure of its reserves, adding such a move was justified by the "hybrid war ...
MOSCOW (Reuters) -The Kremlin on Friday warned of "catastrophic consequences" should the EU proceed with plans to confiscate Russian assets held in Western banks. Some Western banks are lobbying ...
Ukraine and many of its supporters have called for the confiscation of $260 billion in Russian assets frozen outside the country after Russia's Feb. 24, 2022, invasion. But European officials have resisted, citing legal and financial stability concerns.
With respect to confiscation of frozen Russian state assets, the difficult problem is how to do it without violating international treaties concerning the protection of cross-border investments, [127] and without violating the principle that laws and regulations cannot be retroactive. [128]
Russia has said it will challenge any confiscation of its assets in the courts. Some Russian officials have suggested that if Russian assets are confiscated then foreign investors' assets stuck in ...