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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.
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," [4] [7] and this was reaffirmed after the G7 meeting in December, 2023. [8]
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 ...
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.
In March 2023, Russia announced that people from unfriendly countries will be subject to a "voluntary" exit tax of up to 10 percent to be paid into the Russian federal budget, on the sale of shares in Russian companies. [24] This was expanded in July 2023 so that companies leaving Russia must sell their assets to Russian buyers at a 50% discount.
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.
More than $6 billion of the $300 billion in frozen Russian assets are sitting in U.S. banks. Most of the $300 billion in assets are in Germany, France and Belgium.