White House: The United States and its allies froze the assets of Russian businessmen for $ 30 billion

21:51 06.12.2022 Politics

The United States, together with its allies in the international REPO task force, which is engaged in the search and seizure of property associated with the Russian Federation on the basis of sanctions, froze the assets of Russians for $ 30 billion. Such data was provided by US National Security Assistant Jake Sullivan, TASS reports.

“To date, REPO has frozen more than $30 billion in assets, from superyachts to luxury apartments,” Sullivan said at the International Anti-Corruption Conference in New York.

According to him, after the start of the Russian special operation in Ukraine, the United States teamed up with partners in the G7 in order to “exclude” Moscow and those who help it from the global financial system. The REPO group includes US Treasury and Justice Ministers, representatives from Australia, Great Britain, Germany, Italy, Canada, France, Japan, and the European Commission.

The Wall Street Journal previously wrote that the European Union does not have the ability to confiscate the frozen funds of the Russian Central Bank due to the international principle of state immunity. Instead, they propose to create a fund to manage liquid assets and subsequently transfer the profits from these investments to payments to Ukraine. In Kyiv, they proposed to do without complex legal delays and create an international document that would deprive the Central Bank of the Russian Federation of the corresponding immunity. It also became known that the bank of frozen assets was replenished - Switzerland blocked Russian funds in the amount of $ 8 billion.

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