frozen Russian assets
The European Council's recent decision opens up the possibility of using profits from more than $250 billion in frozen assets of the Russian Central Bank to fund Ukraine’s post-war reconstruction.
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The G7 and the European Union are exploring a plan to leverage over $250 billion in frozen Russian central bank assets to finance Ukraine's post-war reconstruction, sources tell Bloomberg. The strategy includes issuing debt against these assets, with discussions still at a technical level.
After Russia's full-scale invasion of Ukraine, the West froze about $300 billion in Russian state assets.
The new legislation would pave the way for Washington to confiscate Russian central bank assets amounting to $300 billion and direct them to Ukraine's reconstruction.
Russia is ready to challenge any attempts to confiscate its central bank reserves as compensation for Ukraine.
The US has proposed G7 working groups study ways to confiscate $300 billion in frozen Russian assets and use them to support Ukraine before the February 24 invasion anniversary.
The asset freeze now includes an additional 300 Russian individuals and 100 companies sanctioned by Switzerland over the past year.
The House Committee on Foreign Affairs of the US Congress has approved a bill on using confiscated Russian…
US President may use the 1977 Act to transfer frozen Russian reserves worth billions of dollars to Ukraine, according to the New York Times.
Ukraine’s Finance Minister stressed the need to accelerate the confiscation of Russian assets at the G7 meeting
Marchenko noted that tax revenues in the first half of 2023 had exceeded forecasts, with customs payments up…