An international consensus is emerging in favor of seizing frozen Russian assets as a response to the ongoing conflict in Ukraine. Legal scholars, including AlexRennieHBC, have endorsed the move, stating it is permissible under international law due to the scale of Russia's attacks. The European Union and the Group of Seven (G7) countries have been highlighted as entities considering this action. The chairman of the Bundestag Foreign Policy Committee has even suggested the creation of laws for asset confiscation, tentatively named after Alexei Navalny. Experts argue that diverting these assets to Ukraine could be done without major repercussions to global financial markets. Bloomberg reports that an international group of legal experts has formally communicated to the G7 that such confiscation would not violate international law.
The seizure of frozen Russian assets has received the approval of legal experts - Bloomberg According to legal experts, the confiscation is legal because Russia violated the fundamental foundations of international law. The experts recommended that the states where Russian… https://t.co/TSrW0lAbja
⚡️An international group of legal experts has sent a letter to the official representatives of the G7 countries stating that the confiscation of frozen Russian assets does not contradict international law, Bloomberg reported. https://t.co/j3EOSqg4Na
Seizing Frozen Russian Assets Over Ukraine War Wins Endorsement of Legal Experts https://t.co/Irb3dozHPe Do you want other nations annoyed at us to expropriate US and European assets?
⚡️Bloomberg: Seizure of frozen Russian assets legal, experts say. https://t.co/Tchy0Xjam8
The U.S. and its allies could divert frozen Russian funds to Ukraine without major repercussions to the financial and banking markets. https://t.co/y14tl9BvaS
The chairman of the Bundestag Foreign Policy Committee called for the confiscation of Russian assets, and the laws under which this could be done, called "laws named after Alexei Navalny". https://t.co/Y0QJHvoZD3
A group of legal experts is supporting the case for seizing frozen Russian central bank assets, asserting that such actions are permissible under international law due to the extensive scale of Russia's ongoing attacks in Ukraine. The European Union, the Group of Seven (G7)… https://t.co/CPA3ul47Ou
Seizing frozen Russian assets over the Ukraine war wins an endorsement from legal scholars as more nations are open to such a move https://t.co/PYpri1vTM8
"Declaring Russia a terrorist state should come alongside more concrete action to move from freezing Russian assets to seizing them" ✍️ @AlexRennieHBC https://t.co/k3d8AAtOmY