The fate of frozen Russian assets: Trump's decision looms
3 weeks, 5 days ago

The fate of frozen Russian assets: Trump's decision looms

India Today  

The fate of billions of pounds in frozen Russian assets now rests in the hands of U.S. President-elect Donald Trump. Since Russia’s full-scale invasion of Ukraine, Western nations have taken action, freezing approximately $300 billion worth of Russian assets. In April of this year, President Joe Biden signed the REPO Act into law, which paved the way for the U.S. government to seize frozen Russian assets within its jurisdiction for the purpose of aiding Ukraine’s reconstruction efforts. The law mandates that Russian assets identified within U.S. borders be frozen, but it leaves open the question of whether these assets should ultimately be liquidated and used for Ukraine's recovery.

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History of this topic

Trump’s US election leaves Ukraine scrambling for EU military assistance
1 month, 1 week ago

Trump’s US election leaves Ukraine scrambling for EU military assistance

Al Jazeera  

While US President-elect Donald Trump’s intentions remain unclear, Kyiv is trying to secure as much of the aid promised by Washington as possible. “Mostly in the city, on civilian infrastructure, mainly in the evening or at night, although there are also daytime shellings.” Ukraine’s defenders continued to be under intense pressure throughout the front in the past week, with the …

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine
4 months, 3 weeks ago

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine

China Daily  

Xinhua | Updated: 2024-07-27 04:00 Ursula von der Leyen attends a press conference after her re-election for a second term as President of the European Commission, at the European Parliament in Strasbourg, France, July 18, 2024. BRUSSELS -- The European Union announced on Friday that it has transferred 1.5 billion euros worth of frozen Russian assets to support Ukraine. The …

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine
4 months, 3 weeks ago

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine

China Daily  

Ursula von der Leyen attends a press conference after her re-election for a second term as President of the European Commission, at the European Parliament in Strasbourg, France, July 18, 2024. BRUSSELS -- The European Union announced on Friday that it has transferred 1.5 billion euros worth of frozen Russian assets to support Ukraine. The 1.4 billion euros allocated to …

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine
4 months, 3 weeks ago

EU transfers 1.5 bln euros of frozen Russian assets to aid Ukraine

China Daily  

Ursula von der Leyen attends a press conference after her re-election for a second term as President of the European Commission, at the European Parliament in Strasbourg, France, July 18, 2024. BRUSSELS -- The European Union announced on Friday that it has transferred 1.5 billion euros worth of frozen Russian assets to support Ukraine. The 1.4 billion euros allocated to …

Putin calls G7 deal on frozen Russian assets for Ukraine loan ‘theft’
6 months, 1 week ago

Putin calls G7 deal on frozen Russian assets for Ukraine loan ‘theft’

Al Jazeera  

Western countries have agreed to use interest on frozen Russian assets to give Ukraine a $50bn loan. Russia’s President Vladimir Putin denounced an agreement by Western countries to provide Ukraine with a loan package using frozen Russian assets and pledged retaliation. Following the announcement at the G7 annual summit in Italy, US President Joe Biden said the frozen assets agreement …

G7 leaders agree to lend Ukraine billions backed by Russia’s frozen assets. Here’s how it will work
6 months, 1 week ago

G7 leaders agree to lend Ukraine billions backed by Russia’s frozen assets. Here’s how it will work

Associated Press  

WASHINGTON — Leaders of the Group of Seven wealthy democracies have agreed to engineer a $50 billion loan to help Ukraine in its fight for survival. President Joe Biden told reporters at a news conference Thursday that the move was part of a “historic agreement.” Ukraine’s president, Volodymyr Zelenskyy, said providing a loan through Russia’s assets “is a vital step …

US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets
6 months, 3 weeks ago

US Treasury official visits Ukraine to discuss sanctions on Moscow and seizing Russian assets

Associated Press  

WASHINGTON — A senior U.S. Treasury official has met with Ukrainian officials in Kyiv to discuss U.S. financial support, enforcing sanctions on Russia and using frozen Russian assets for Ukraine’s benefit in the war with Moscow. The visit this week by Deputy Secretary Wally Adeyemo came as Russia gains territory after a lengthy delay in U.S. military aid left Ukraine …

Putin signs decree allowing seizure of Americans’ assets if US confiscates Russian holdings
7 months ago

Putin signs decree allowing seizure of Americans’ assets if US confiscates Russian holdings

Associated Press  

President Vladimir Putin has signed a decree allowing Russia to confiscate assets of U.S. companies and individuals to compensate for any Russian assets confiscated in the United States. The decree was published on the Russian government’s legal portal on Thursday as top finance officials from the Group of Seven industrialized nations began a meeting at which the question of what …

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets
7 months ago

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets

Associated Press  

FRANKFURT, Germany — Ukraine’s allies are wrestling with how to squeeze money out of frozen Russian assets to support Kyiv’s war effort, a debate getting more urgent as Russia gains territory on the battlefield and as the outlook for Ukraine’s state finances looks shakier. “Securing Ukraine’s position in the medium-to-long term requires unlocking the value of immobilized Russian sovereign assets,” …

‘New ground is being broken’: EU seizes Russian profits for Ukraine
7 months ago

‘New ground is being broken’: EU seizes Russian profits for Ukraine

Al Jazeera  

Ukraine wants to use $300bn in Russian central bank money held abroad to defeat it; Europe isn’t enthusiastic. Ukraine wants to use the estimated 210 billion euros of Russian central bank money held in European institutions to defeat Russia on the battlefield. “In this sense, new ground is being broken.” The EU decision is to tap the interest twice a …

European Union pushes ahead with a plan to buy weapons for Ukraine with frozen Russian asset profits
9 months ago

European Union pushes ahead with a plan to buy weapons for Ukraine with frozen Russian asset profits

Associated Press  

BRUSSELS — The European Union is pressing ahead with a plan to use the profits generated from billions of euros of Russian assets frozen in Europe to help provide weapons and other funds for Ukraine, a senior official said Tuesday. The 27-nation EU is holding around 200 billion euros in Russian central bank assets, most of it frozen in Belgium, …

European Union pushes ahead with a plan to buy weapons for Ukraine with frozen Russian asset profits
9 months ago

European Union pushes ahead with a plan to buy weapons for Ukraine with frozen Russian asset profits

LA Times  

The European Union is pressing ahead with a plan to use the profits generated from billions of euros of Russian assets frozen in Europe to help provide weapons and other funds for Ukraine, a senior official said Tuesday. The 27-nation EU is holding around 200 billion euros in Russian central bank assets, most of it frozen in Belgium, in retaliation …

Ukrainian ministers ‘optimistic’ about securing US aid, call for repossession of Russian assets
9 months, 1 week ago

Ukrainian ministers ‘optimistic’ about securing US aid, call for repossession of Russian assets

Associated Press  

WASHINGTON — A pair of Ukrainian justice ministers in Washington this week urged U.S. lawmakers to put aside domestic political disputes and find a way to continue supporting Ukraine in its defense against Russia. “We really hope the U.S. is going to be a champion in terms of confiscation of Russia’s sovereign assets and leading other countries,” Maliuska said, adding …

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine
9 months, 3 weeks ago

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine

LA Times  

Treasury Secretary Janet L. Yellen has offered her strongest public support yet for unfreezing about $300 billion in Russian Central Bank assets to help rebuild Ukraine. Treasury Secretary Janet L. Yellen has offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine‘s long-term reconstruction. “It …

Yellen urges world leaders to ’unlock’ frozen Russian Central Bank assets and send them to Ukraine
9 months, 3 weeks ago

Yellen urges world leaders to ’unlock’ frozen Russian Central Bank assets and send them to Ukraine

Live Mint  

WASHINGTON — Treasury Secretary Janet Yellen on Tuesday offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine's long-term reconstruction. “It is necessary and urgent for our coalition to find a way to unlock the value of these immobilized assets to support Ukraine’s continued resistance …

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine
9 months, 3 weeks ago

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen on Tuesday offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine’s long-term reconstruction. “It is necessary and urgent for our coalition to find a way to unlock the value of these immobilized assets to support Ukraine’s continued resistance …

West should be bolder about seizing Russian assets: UK PM Rishi Sunak
9 months, 4 weeks ago

West should be bolder about seizing Russian assets: UK PM Rishi Sunak

Hindustan Times  

Western nations should be bolder about confiscating Russian assets which they froze after the country's full-scale invasion of Ukraine in 2022, British Prime Minister Rishi Sunak said. Britain's Prime Minister Rishi Sunak Sunak, in an article in an early edition of the Sunday Times to mark two years since the start of the conflict, said Ukraine continued to need more …

EU moves slowly to use profits from frozen Russian assets to help Ukraine
10 months, 3 weeks ago

EU moves slowly to use profits from frozen Russian assets to help Ukraine

Firstpost  

European Union nations have reached a tentative agreement to approve an outline deal that would retain the profits from the frozen assets of the Russian central bank, amounting to hundreds of billions of dollars. However, it is considered a significant initial move toward utilizing a portion of the 200 billion euros in Russian central bank assets held in the EU …

EU moves toward using profits from frozen Russian assets to help Ukraine, but slowly
10 months, 3 weeks ago

EU moves toward using profits from frozen Russian assets to help Ukraine, but slowly

Associated Press  

BRUSSELS — European Union nations have decided to approve an outline deal that would keep in reserve the profits from hundreds of billions of dollars in Russian central bank assets that have been frozen in retaliation for Moscow’s war in Ukraine, an EU official said. The tentative agreement, reached late Monday, still needs formal approval but is seen as a …

Nearly two years after invasion, West still seeking a way to steer frozen Russian assets to Ukraine
11 months ago

Nearly two years after invasion, West still seeking a way to steer frozen Russian assets to Ukraine

Associated Press  

WASHINGTON — It’s been nearly two years since the United States and its allies froze hundreds of billions of dollars in Russian foreign holdings in retaliation for Moscow’s invasion of Ukraine. At this week’s World Economic Forum meetings in Davos, Switzerland, Ukrainian President Volodymyr Zelenskyy called for a “strong” decision this year for the frozen assets in Western banks to …

It is time to use Russia’s frozen assets to help Ukraine
11 months, 1 week ago

It is time to use Russia’s frozen assets to help Ukraine

Al Jazeera  

An estimated $350bn in Russian government assets have been frozen in Western accounts since Russian President Vladimir Putin ordered a full-scale invasion of Ukraine on February 24, 2022. British Foreign Secretary David Cameron publicly opened the doors to the idea last December by stating: “Instead of just freezing that money, let’s take that money, spend it on rebuilding Ukraine.” Meanwhile, …

Russia blasts US on frozen assets, missiles as Ukraine bombardment persists
1 year ago

Russia blasts US on frozen assets, missiles as Ukraine bombardment persists

Al Jazeera  

Moscow warns of retaliation as war in Ukraine causes relations with the West to deteriorate. Moscow could sever diplomatic relations with the United States should it confiscate Russian assets frozen under sanctions, Deputy Foreign Minister Sergey Ryabkov said on Friday. Officials also said the Kremlin would respond to the deployment of missiles in Europe or Asia, even as Ukraine reported …

The West has sanctioned Russia’s rich. But is that really punishing Putin and helping Ukraine?
1 year ago

The West has sanctioned Russia’s rich. But is that really punishing Putin and helping Ukraine?

Associated Press  

VERONA, Italy — Sitting on a terrace in Verona as the bells toll at a nearby medieval church, Igor Makarov sips coffee as he describes his life as a billionaire under Western sanctions. While sanctions have made life difficult for the tycoons, “it’s not in the short term benefiting Ukraine,” said Nigel Gould-Davies, a former British ambassador to Belarus and …

Vladimir Putin may be increasing pressure on rich Russians. Latest example is…
1 year, 4 months ago

Vladimir Putin may be increasing pressure on rich Russians. Latest example is…

Hindustan Times  

A lawsuit was filed against sanctioned Russian billionaire Andrey Melnichenko as the country's president Vladimir Putin continued to increase pressure on wealthy citizens to repatriate their assets from abroad amid Ukraine war. Andrey Melnichenko is the founder of Russia’s biggest steam coal miner Suek JSK and fertilizer maker EuroChem Group AG. According to Vladimir Putin, Russian businessmen who have moved …

Donald Trump claims he can resolve Russia-Ukraine conflict in just 24 hours, here's how
1 year, 5 months ago

Donald Trump claims he can resolve Russia-Ukraine conflict in just 24 hours, here's how

Firstpost  

Former US President Donald Trump has outlined his strategy to achieve peace in Ukraine within 24 hours of returning to the White House. During an interview with Fox News, Trump emphasised his positive relationship with Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin. https://t.co/Z3sH5EbNzF — Max July 16, 2023 He suggested that he would communicate to Zelenskyy that he …

US accuses Russia of trying to ‘freeze’ Ukraine into submission
2 years, 1 month ago

US accuses Russia of trying to ‘freeze’ Ukraine into submission

Al Jazeera  

US Secretary of State Antony Blinken says if Russian President Vladimir Putin is unable to take Ukraine by force he will try to ‘freeze it into submission’. “President Putin seems to have decided that if he can’t seize Ukraine by force, he will try to freeze it into submission,” US Secretary of State Antony Blinken said on Friday after G7 …

Biden seeks powers to use Russian oligarchs’ assets for Ukraine
2 years, 7 months ago

Biden seeks powers to use Russian oligarchs’ assets for Ukraine

Al Jazeera  

The proposal to Congress accompanies a request for billions more in funding to aid Ukraine’s military. United States President Joe Biden is requesting from Congress new powers to seize and repurpose Russian oligarchs’ assets. In a statement, the White House described the proposal as a “comprehensive legislative package” saying it will “enhance the United States Government’s authority to hold the …

Yellen weighs costs of war on Russia’s frozen assets
2 years, 8 months ago

Yellen weighs costs of war on Russia’s frozen assets

Associated Press  

WASHINGTON — The mounting economic damage to Ukraine from Russia’s ongoing bombardment has the U.S. and its allies speeding billions in aid to the beleaguered country — and looking for other sources of cash as well, including Russia itself. After the U.S. announced $1.3 billion in new economic assistance and military aid to Ukraine on Thursday, Treasury Secretary Janet Yellen …

War in Ukraine: EU Nations Have Frozen 30 Billion Euros in Russian, Belarusian Assets
2 years, 8 months ago

War in Ukraine: EU Nations Have Frozen 30 Billion Euros in Russian, Belarusian Assets

News 18  

The EU has so far frozen nearly 30 billion euros in assets from blacklisted Russian and Belarusian individuals and companies under sanctions imposed for Moscow’s war in Ukraine, it said Friday. The EU’s figures were partial, based on data from around half of the EU’s 27 member states given to the bloc’s “Freeze and Seize” task force operating in coordination …

EU freezes Putin, Russian minister's assets in bid to stop brutal war
2 years, 9 months ago

EU freezes Putin, Russian minister's assets in bid to stop brutal war

Hindustan Times  

The European Union will freeze financial and other assets linked to Russia President Vladimir Putin, minister Sergei Lavrov, and other high-ranking officials, including three EU officials, news agency AFP reported Friday evening. British Prime Minister Boris Johnson said: "British and NATO troops should not and must not play an active role in Ukraine" and US President Joe Biden, who must …

EU to freeze Putin, foreign minister assets over Ukraine attack
2 years, 9 months ago

EU to freeze Putin, foreign minister assets over Ukraine attack

Al Jazeera  

EU foreign ministers approve sanctions described as the harshest ever imposed by the bloc. That is why “we now list also the president, Mr Putin, and Foreign Minister Lavrov” to a packet of new sanctions agreed by EU leaders overnight, she said. Latvian Foreign Minister Edgars Rinkevics tweeted the 27-nation bloc’s foreign ministers adopted the sanctions package and “the asset …

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