Finally! someone gets to the key point in the difficulty of seizing private individual's Russian assets. Ben Cowdock, senior investigations lead at Transparency International tells TSC that only the proceeds of crime act allows for this sort of seizure, and that would require…
Keatinge is very adamant we should seize the Russian Euroclear assets, and there are ways to financially engineer this so that it wouldn't be in breach of international law. And that if banks and cbanks guarantee to take action to fend off any volatility that might emerge it…
Treasury Committee hearing from Rusi's Tom Keatinge about why Russian sanctions aren't working. Keatinge says "we need to help the banks achieve the objective we have set them which is to police the corporate sector on our behalf".
Although Biden now has the authority to seize Russian funds, only about $5 billion of the assets are in the United States. The bulk are in European Union countries, which have legal qualms about confiscating them. #Russia #Europe #Ukraine https://t.co/jhUBZOLGa7
NEW: Treasury committee chair warns western sanctions against Russia are failing to hamper its economy, as campaigners urge enforcement officials to take a tougher stance on blacklisted entities Harriett Baldwin talks to @FT about improving sanctions 👇 https://t.co/NtXAZwhyAk
Confiscating Russian assets would Be a 'Nail in the Coffin': Moscow fumes at U.S. and West over asset seizure https://t.co/bFDuCRsClP
Russian presidential spokesman Dmitry Peskov: seizure of Russian assets will put a nail in the coffin of the European economy #AwakeningOfRussia #EconomicalWar https://t.co/lO593ZnPKx https://t.co/HQOpxkFYO8
😵💫 New statements by Peskov: ▪️The possible seizure of Russian assets will be a "solid nail" in the coffin of Western economic system; ▪️ Russia, in the event of the seizure of its assets, will endlessly defend its interests, including in the courts. https://t.co/f3tsAeOYFT
NEW: 🇷🇺🇺🇸 Russia's Medvedev confirms that American assets will be seized in Russia, including personal, corporate, and state assets. The US has frozen and confiscated billions of dollars in Russian state assets held in Western banks, with the intention of giving them to Ukraine. https://t.co/VhrFUEv3lY
Russia has confirmed the seizure of American assets within its borders, including personal, corporate, and state assets, in response to the US freezing and confiscating billions of dollars in Russian state assets intended for Ukraine. Dmitry Peskov, a Russian presidential spokesman, warned that any potential seizure of Russian assets would be a 'solid nail in the coffin' of the Western economic system and vowed that Russia would 'endlessly defend its interests', including through legal means. In the US, President Biden now has the authority to seize Russian funds, but only about $5 billion of these assets are located in the US, with the majority in the European Union, where there are legal concerns about such actions.