Tag

Asset Confiscation

All articles tagged with #asset confiscation

international-relations1 year ago•1 min saved

"EU Considers Seizing Frozen Russian Assets to Arm Ukraine"

The Kremlin has issued a warning of "catastrophic consequences" if the EU proceeds with plans to confiscate Russian assets held in Western banks, as some banks fear potential costly litigation and liability. EU leaders have agreed to work on a plan to use up to 3 billion euros a year to supply arms to Ukraine from the interest earned on frozen Russian assets, prompting Russia to assert that the assets belong to their holders. The Central Bank Governor also stated that corresponding measures will be taken to defend Russia's interests in response to EU actions on frozen assets.

via Yahoo! Voices|

#asset-confiscation #european-union #international-relations

international-relations1 year ago•1 min saved

"EU Faces Consequences Over Frozen Russian Assets for Ukraine"

The Kremlin has warned of "catastrophic consequences" if the EU proceeds with plans to confiscate Russian assets held in Western banks, following EU leaders' agreement to use up to 3 billion euros a year to supply arms to Ukraine from the interest earned on frozen Russian assets. Russian officials have stated that the assets belong to their owners and have hinted at potential repercussions for banks involved in transferring money to Ukraine, while the Central Bank Governor has pledged corresponding measures to defend Russian interests in response to EU actions on frozen assets.

via Reuters|

#asset-confiscation #eu #international-relations

international-relations-economics2 years ago•1 min saved

"Russia Threatens Retaliation Over Frozen Assets Amid Supply Chain Concerns"

Russia has warned of retaliation if the West seizes its frozen assets to aid Ukraine, with reports suggesting that G7 leaders are discussing the legal confiscation of $300 billion in Russian central bank assets. The European Union, G7 countries, Australia, and Switzerland collectively hold $288 billion in direct investments in Russia, potentially making them vulnerable to Russian retaliation. This move could have significant implications for the international financial system and foreign companies operating in Russia.

via Business Insider|

#asset-confiscation #g7 #international-relations

international-relations2 years ago•2 min saved

"Utilizing Frozen Russian Assets to Aid Ukraine: Caution and Opportunities"

Western officials at Davos are open to the idea of confiscating $300 billion of Russian assets to aid Ukraine, but caution that legal complexities and potential repercussions must be carefully considered. The G7 is discussing the possibility of seizing frozen Russian assets, but concerns about the impact on the global financial system and the need for a clear mechanism remain. Some officials suggest using the assets as collateral for raising funds for Ukraine, while others emphasize the need for a clear legal basis for any transfers.

via Yahoo News|

#asset-confiscation #davos #international-relations

finance2 years ago•3 min saved

"Utilizing Seized Russian Assets to Rebuild Ukraine: Expert Insights"

Moody's and S&P Global stated that countries whose sovereign bonds were purchased by Russia would not be considered in default if Western governments decide to confiscate frozen Russian reserves worth $300 billion. The rating agencies' interpretation may allay concerns around default risk, as they do not typically reflect holder-specific considerations and believe that interest payments would continue to be disbursed to other creditors. Russian authorities are privately leaning towards the view that the reserves are all but lost, but are determined to mount a legal challenge and retaliate strongly, while also threatening retaliation such as confiscating Western assets trapped in Russia and breaking off diplomatic relations with foreign powers deemed unfriendly.

via Reuters|

#asset-confiscation #credit-rating-agencies #default-risk

international-relations2 years ago•2 min saved

"Russia Braces for Legal Battle Over U.S. Seizure of Assets"

The Russian Foreign Ministry has condemned the U.S. plan to confiscate up to $300 billion in frozen Russian assets to aid Ukraine's reconstruction as "21st century piracy," warning of harsh retaliation if implemented. Moscow accuses the U.S. of attempting to legitimize the theft of sovereign assets, while also alleging pressure on the European Union to adopt a similar plan. The U.S. and its allies have frozen around $300 billion of Russian assets in response to the conflict in Ukraine, prompting Russia to threaten reciprocal measures.

via Reuters|

#asset-confiscation #international-law #international-relations