24.07.2024, 08:43
The US Treasury has ordered holders of Russian assets to notify them of their availability
Source: OREANDA-NEWS
OREANDA-NEWS Holders of Russian assets around the world should notify Washington of their availability, the US Treasury Department said.
"All financial institutions in which Russia's sovereign assets are located and which know or should know about such assets are required to provide notification of them to the Office of Foreign Assets (US Treasury. — Ed. note) within ten days from the moment of their identification or no later than August 2, 2024," the message says.
This can be done through a special form indicating the country and persons who hold these assets, their total value and other information.
The day before, the head of EU diplomacy, Josep Borrel, said that in early August Ukraine would receive the first tranche of 1.4 billion euros received from the proceeds from frozen Russian assets. According to him, the EU member states plan to finance the purchase of priority weapons for Kiev — air defense systems and ammunition for artillery.
According to the decision of Brussels, 90% of the revenues that depositories will receive from blocked Russian reserves will go to the EU budget to provide military assistance to Kiev, the remaining ten percent to programs for the reconstruction of Ukraine.
At the same time, the G7 countries promised Kiev that they would provide loans worth about $ 50 billion by the end of the year, which would also be repaid from income from Russian assets.
In total, reserves of about 300 billion euros were frozen in the West after the start of the special operation, more than 200 billion are in the EU. In Moscow, this was called outright theft. As Foreign Minister Sergei Lavrov noted, Russia also has the opportunity not to return money from Western countries.
"All financial institutions in which Russia's sovereign assets are located and which know or should know about such assets are required to provide notification of them to the Office of Foreign Assets (US Treasury. — Ed. note) within ten days from the moment of their identification or no later than August 2, 2024," the message says.
This can be done through a special form indicating the country and persons who hold these assets, their total value and other information.
The day before, the head of EU diplomacy, Josep Borrel, said that in early August Ukraine would receive the first tranche of 1.4 billion euros received from the proceeds from frozen Russian assets. According to him, the EU member states plan to finance the purchase of priority weapons for Kiev — air defense systems and ammunition for artillery.
According to the decision of Brussels, 90% of the revenues that depositories will receive from blocked Russian reserves will go to the EU budget to provide military assistance to Kiev, the remaining ten percent to programs for the reconstruction of Ukraine.
At the same time, the G7 countries promised Kiev that they would provide loans worth about $ 50 billion by the end of the year, which would also be repaid from income from Russian assets.
In total, reserves of about 300 billion euros were frozen in the West after the start of the special operation, more than 200 billion are in the EU. In Moscow, this was called outright theft. As Foreign Minister Sergei Lavrov noted, Russia also has the opportunity not to return money from Western countries.
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