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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 ...
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 ...
At the time the assets were frozen, Russia's central bank said it held around $207 billion in euro assets, $67 billion in U.S. dollar assets and $37 billion in British pound assets.
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 ...
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]
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 ...
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.
It added that cash on its balance sheet soared €38 billion ($41 billion) year-on-year to €162 billion ($175 billion), boosted by payments associated with frozen Russian assets, including bonds.