The EU can’t find most of Russia’s $300bn of frozen reserves

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EU member states have the legal authority to temporarily use the assets of the Russian Central Bank in the amount of at least €33.8 billion

22 Feb 2023

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EU Aims to Boost Russia Sanctions Enforcement With New Project

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The Netherlands, supported by several other member states, has called for an EU-level mechanism to ensure that governments and companies are not evading the bloc’s 10 rounds of …

30 Mar 2023

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Reconstruction of Ukraine at the expense of Russia. The EU is facing the problem of finding money for the Central Bank

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The EU wants to use the money from sanctions against Russia to finance Ukraine's recovery. However, it is not yet known where exactly the Russian Central Bank's money is located

13 Apr 2023

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Confiscating frozen Russian bank assets in EU ‘against law but possible’

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The amount of private Russian assets frozen by the EU had exceeded €24.1 billion ($26.4 billion).

12 May 2023

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Heads of State and Government agree to strengthen Council of Europe, ensure accountability for Russia’s war of aggression against Ukraine, and support victims

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The leaders agreed to strengthen the Council of Europe and its work in the field of human rights, democracy and the rule of law by adopting a declaration on democracy principles…

18 May 2023

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EU discusses plan to send profits from €196.6bn of frozen Russian assets to Ukraine

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It is noted that this step will not lead to the expropriation of the assets themselves, but will mean an increase in the West's financial pressure on Russia.

25 May 2023

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Parliament calls on NATO to invite Ukraine to join the alliance

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MEPs stress that they expect that the “accession process will start after the war is over and be finalised as soon as possible”.

16 Jun 2023

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The EU wants to give Ukraine the proceeds of frozen Russian assets

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President of the European Commission Ursula von der Leyen promised to present a plan before the "summer break"

22 Jun 2023

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Director of the Register of Damage Caused by the Aggression of the Russian Federation has been appointed

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Markiyan Kliuchkovskyi, founder and partner of Asters, member of the Advisory Board of the Ukrainian Catholic University School of Law, has been appointed to this position

30 Jun 2023

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EU leaders support the plan to use frozen Russian assets for the benefit of Ukraine

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The Russian central bank assets immobilized in the EU are expected to generate some €3 billion in windfall profits

30 Jun 2023

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Russian asset manager files $2 billion Euroclear lawsuit in Moscow

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First AM, formerly known as Sber Asset Management, had 1.44 trillion roubles in assets under management as of September 2022

17 Jul 2023

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Russian oligarch Roman Abramovich is suing the EU and the USA to challenge the imposition of sanctions on him

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He claims that the restrictions were imposed simply because he is a well-known russian

17 Jul 2023

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EU proposal on using frozen russian funds delayed to September

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A proposal was initially expected before August

24 Jul 2023

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The international depository Euroclear earned 1.7 billion euros on russian assets in the first half of the year

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Income from the investment of sanctioned russian assets accounts for 70% of the total net profit of the depository for the first half of 2023

24 Jul 2023

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EU announces when debate on the use of russian assets will take place

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MEP Viola von Cramon said that the first debate would take place in late August

07 Aug 2023

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The European Commission is ready to create a legislative mechanism for the use of Russian assets

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The European Commission continues to work on developing a solution to assist Ukraine in the effective use of Russian assets

30 Aug 2023

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European Court of Justice dismisses sanctions appeal by russian oligarch Timchenko and others

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The EU's list of individual sanctions covers nearly 1,800 individuals and organizations whose assets are estimated at €21.5 billion

06 Sep 2023

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EU Supreme Court rejects appeal of russian businessman Timchenko against sanctions

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Timchenko resigned from the management of russia's largest private natural gas producer Novatek after 27 countries imposed sanctions on him

07 Sep 2023

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The Russian Ministry of Finance has recently announced the development of a mechanism to release frozen foreign investments

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The Russian Federation and the Central Bank have developed a mechanism that allows releasing blocked foreign investments and exchanging them for blocked assets abroad on the acc…

14 Sep 2023

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Russian billionaires continue to withdraw their assets from Europe under pressure from sanctions

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About 50 billion of Russian assets have been moved to Russia and "friendly" countries

15 Sep 2023

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The G7 freeze russia's assets worth $280 billion

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The Russian Elites, Proxies, and Oligarchs (REPO) Task Force is stepping up its work

12 Oct 2023

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The EU has not yet decided how to transfer frozen russian assets to Ukraine

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During the summit, the EU countries have not yet agreed on how to transfer frozen russian sovereign and oligarchic assets to Ukraine

27 Oct 2023

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The European Commission is ready to submit proposals for the use of blocked russian assets: deadlines announced

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The European Commission will publish legal proposals in early December

27 Oct 2023

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russia threatens to confiscate EU assets if frozen russian funds are transferred to Ukraine

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russia threatens symmetrical response to confiscation of russian assets

31 Oct 2023

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Big EU states cautious about making decisions on the use of russian assets

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France, Germany, Italy and Belgium are still cautious during closed meetings

09 Nov 2023

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The Renew Europe Group in the European Parliament proclaimed a resolution on strengthening monitoring the circumvention of EU sanctions against russia

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Renew Europe made it clear that EU-level oversight of sanctions implementation must be reinforced

09 Nov 2023

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The Board of the Register of Damages caused by the russia has been formed

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Seven members from four different continents were elected

16 Nov 2023

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EU lawmakers agree on rules for confiscation of criminal money

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The future law will also apply to the violation of sanctions

12 Dec 2023

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The European Commission intends to transfer 15 billion euros to Ukraine

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These funds are planned to be collected by 2027 in the form of income from reinvestment of frozen assets of russia

12 Dec 2023

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European Commission approves plan to use frozen russian assets for Ukraine

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This was reported to journalists by a senior EU official at a closed briefing

12 Dec 2023

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