Property
EU exploring options to confiscate frozen Russian funds - media
15 days ago | By RT
There are reportedly legal issues that prohibit asset seizures
The European Union has yet to come up with a legal way to confiscate frozen Russian assets to rebuild Ukraine, a high-ranking EU source told reporters in Brussels on Friday, according to RIA Novosti.
The unnamed source reportedly said that legal issues are being negotiated at the moment.
“There is a discussion of legal possibilities on the topic of confiscation of frozen assets. We have many questions here, this is a complex process,” the source was quoted as saying.
The European Parliament on Thursday adopted a non-binding...
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Switzerland threatens to seize Russian assets
15 days ago | By RT
The billions of dollars in funds could be used for rebuilding Ukraine, the Swiss foreign minister has suggested
Frozen Russian assets in Switzerland could be confiscated to finance the reconstruction of Ukraine, the country's Foreign Minister Ignazio Cassis stated on Friday.
Switzerland has frozen 7.5 billion Swiss francs worth of assets from sanctioned Russian citizens, which is only a fraction of the 150 billion francs of total Russian holdings estimated to be in the country.
According to Cassis, those frozen assets can't be confiscated under current law, which would likely require a...
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