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The EU has concluded that it "can't legally confiscate outright frozen Russian assets", [21] [h] but the annual profits from the investment of those assets is expected to be around €3 billion [73] (US$3.4 billion) [74] and a "windfall profits tax" on those profits is being investigated. [75]
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.
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 ...
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.
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."
The United States wants to seize immobilised Russian reserves - around $300 billion globally - and hand them to Ukraine, while EU leaders favour ringfencing profits from the assets, estimating ...
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.
"The provision by the U.S. Treasury Department...of $20 billion using income from operations of 'frozen' Russian sovereign assets essentially stolen by the G7 countries is simply robbery," a ...