broader worry is that using the frozen assets could discourage foreign investment in Europe. A country like China, aware that it could face European sanctions if it invaded Taiwan, might be reluctant to place funds in the region, the argument goes.
What is the US position on Russia’s frozen assets? The US-backed, 28-point plan for ending the war that was leaked last month called for investing $100 billion of the Russian assets frozen around the world “in US-led efforts to rebuild and invest in Ukraine,” and for the United States to receive profits from those investments. The assets frozen in Europe account for the majority of Moscow’s immobilized assets globally.
After multiple rounds of negotiations, the latest iteration of the peace plan is unknown, but the European proposal to use the bulk of the global assets for the reparations loan is at odds with those US
broader worry is that using the frozen assets could discourage foreign investment in Europe. A country like China, aware that it could face European sanctions if it invaded Taiwan, might be reluctant to place funds in the region, the argument goes.
What is the US position on Russia’s frozen assets? The US-backed, 28-point plan for ending the war that was leaked last month called for investing $100 billion of the Russian assets frozen around the world “in US-led efforts to rebuild and invest in Ukraine,” and for the United States to receive profits from those investments. The assets frozen in Europe account for the majority of Moscow’s immobilized assets globally.
After multiple rounds of negotiations, the latest iteration of the peace plan is unknown, but the European proposal to use the bulk of the global assets for the reparations loan is at odds with those US
2m ago (19:30 GMT) Russian court orders Austrian bank to pay compensation The largest Western bank still operating in Russia has been ordered to pay nearly $400m in compensation for losses incurred by Russian company Rasperia due to European sanctions.
Raiffeisen Bank International (RBI) said in a statement that the sum – 339 million euros – reflected the amount frozen in Vienna and that it would appeal the ruling.
In March, RBI had already confirmed that it had to pay more than two billion euros ($2.34bn) in damages to Rasperia, an investment company.
According to Washington and Brussels, Rasperia is linked to the Russian businessman Oleg Deripaska, who has been under Western sanctions since Russia invaded Ukraine in 2022.
Zelenskyy has condemned Raiffeisen’s continued operations in Russia.
Source alJazeera.
It seems negotiations have strengthening for release of funds to Ukraine....
2m ago (19:30 GMT) Russian court orders Austrian bank to pay compensation The largest Western bank still operating in Russia has been ordered to pay nearly $400m in compensation for losses incurred by Russian company Rasperia due to European sanctions.
Raiffeisen Bank International (RBI) said in a statement that the sum – 339 million euros – reflected the amount frozen in Vienna and that it would appeal the ruling.
In March, RBI had already confirmed that it had to pay more than two billion euros ($2.34bn) in damages to Rasperia, an investment company.
According to Washington and Brussels, Rasperia is linked to the Russian businessman Oleg Deripaska, who has been under Western sanctions since Russia invaded Ukraine in 2022.
Zelenskyy has condemned Raiffeisen’s continued operations in Russia.
Source alJazeera.
It seems negotiations have strengthening for release of funds to Ukraine....
Yeah we borrowed the money which were the worst of the options we had - but it is ok - if Belgium says “no” about something regarding Euroclear - then it is a no - and Scandinavia like the fucking G’s we are can’t change that - think we have to use our excessive funds on something else
Don't mention the frogs - we don't want to scare the toddler - we want him to sleep
Yeah we borrowed the money which were the worst of the options we had - but it is ok - if Belgium says “no” about something regarding Euroclear - then it is a no - and Scandinavia like the fucking G’s we are can’t change that - think we have to use our excessive funds on something else
WASHINGTON, Dec 17 (Reuters) - U.S. and Russian officials are expected to hold talks in Miami, Florida, this weekend about a possible deal to end the war in Ukraine, Politico reported on Wednesday, citing two people familiar with the matter. U.S. envoy Steve Witkoff and President Donald Trump's son-in-law Jared Kushner are expected to be part of the U.S. delegation, according to Politico, which also reported that Kirill Dmitriev, the head of Russia's sovereign wealth fund, will be part of the Russian delegation....
WASHINGTON, Dec 17 (Reuters) - U.S. and Russian officials are expected to hold talks in Miami, Florida, this weekend about a possible deal to end the war in Ukraine, Politico reported on Wednesday, citing two people familiar with the matter. U.S. envoy Steve Witkoff and President Donald Trump's son-in-law Jared Kushner are expected to be part of the U.S. delegation, according to Politico, which also reported that Kirill Dmitriev, the head of Russia's sovereign wealth fund, will be part of the Russian delegation....
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