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frozen assets
06/28/2024
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By Kevin Hughes
EU hastens DE-DOLLARIZATION by stealing Russian money and giving it to Ukraine
The European Union will send 1.4 billion euros ($1.5 billion) from the frozen assets of the Central Bank of Russia to the European Peace Facility (EPF) to meet Ukraine’s military requirements – a move that will accelerate de-dollarization. Josep Borrell, EU high representative for foreign affairs and security policy, declared on June 24 that the […]
06/20/2024
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By Ethan Huff
G7 planning to escalate war by using frozen Russian assets to give billions more to Ukraine
The Group of Seven (G7) gathering in Italy just ended last week, and the plan this time is to finagle a $50 billion fund for Ukraine that will be backed by frozen Russian assets. The Biden regime is pushing the European Union (EU) and other G7 nations to set up the fund quickly so the Zelensky […]
06/18/2024
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By Richard Brown
U.S., Ukraine sign 10-year bilateral security agreement backed by nothing
President Joe Biden and Ukrainian President Volodymyr Zelensky have signed a landmark 10-year bilateral security agreement, aimed at strengthening Ukraine’s defenses against Russian aggression and moving the country closer to NATO membership. The agreement was finalized on the sidelines of the G7 summit in Italy, signaling a commitment from the U.S. to support Ukraine regardless […]
05/28/2024
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By Richard Brown
G7 inching closer to final resolution on seizing frozen Russian assets to aid Ukraine
Finance officials from the Group of Seven (G7) wealthy democracies have announced progress on a proposal by the United States to generate more funds for Ukraine using Russian assets frozen in their respective countries. “We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign […]
05/14/2024
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By Cassie B.
Putin authorizes Russian company to take over German chemical company BASF subsidiary
Russian President Vladimir Putin has granted a domestic manufacturer of paints permission to acquire BASF Vostok, a subsidiary of the German chemical giant BASF, following their withdrawal from the country in response to the Ukraine conflict. The domestic enterprise, Lakra Sintez, can buy out 100 percent of BASF Vostok shares thanks to a presidential decree […]
05/02/2024
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By Richard Brown
Russian central bank governor: Western seizure of frozen assets won’t affect Russia’s financial stability
Central Bank of Russia Gov. Elvira Nabiullina in a statement assured people that Russia would remain financially stable even if the United States and its allies were to seize its frozen assets overseas. The U.S. and its allies have frozen approximately $300 billion worth of assets belonging to the Russian central bank as part of […]
04/25/2024
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By Richard Brown
Switzerland confirms it holds $14.3 billion in FROZEN Russian assets
Switzerland has disclosed that it currently holds an estimated 13 billion Swiss francs ($14.3 billion) in Russian assets, frozen within its financial institutions. These assets are divided evenly between state-owned holdings and those belonging to private individuals, as revealed by the national agency responsible for overseeing sanctions. While the value of Russia’s state assets remains […]
03/15/2024
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By Ava Grace
Switzerland approves motion transferring frozen Russian assets to Ukraine
The upper house of Switzerland’s parliament has approved a measure transferring frozen Russian assets to Ukraine. At the beginning of Russia’s special military operation in Ukraine, around 7.7 billion euros ($8.42 billion) worth of Russian Central Bank assets in Swiss banks were frozen. Now, the Swiss Council of States, by a modest majority, has allowed […]
03/04/2024
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By News Editors
Schizophrenic world order: The West is willing to destroy its financial system to punish Russia
US Treasury Secretary Janet Yellen has become the latest to add her voice to the growing chorus of Western officials calling for the seizure of Russia’s $300 billion in frozen foreign-exchange reserves for the benefit of Ukraine. This comes after UK Prime Minister Rishi Sunak penned an op-ed over the weekend in which he called […]
03/01/2024
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By Cassie B.
CONTORTIONIST ACT: G7 experts claim that seizing frozen Russian assets is legal given Russia’s “unlawful conduct” toward Ukraine
A group of lawyers for the G7 nations has released a letter in which they argue that confiscating Russian funds that the G7 froze in 2022 does not go against international law due to the scale of Russia’s “unlawful conduct” toward Ukraine. The countries froze roughly $280 billion of Russian sovereign funds shortly after the […]
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