Decree of the President of Russia No. 442 was published on the official website of the Kremlin. As we read, it is a “special procedures” document. Compensation for damages caused to the Russian Federation and the Central Bank of the Russian Federation In connection with hostilities of the United States of America.”
According to the regulations entering into force, Russian authorities will soon identify all American property located in the country, including securities. They will then be formally seized and Used as compensation for losses resulting from the seizure of Russian assets.
As indicated, this process will be handled by the government’s Committee for the Sale of Foreign Assets. The acquisition will include, among other things, real estate owned by US citizens or companies registered in the US.
“The decision of the court is to establish the fact of unjustified deprivation of the Russian owner of copyright, property rights and compensation, and to provide for the extinction of the property rights of the United States or listed Americans, and thereafter Transfer these rights to the Russian rights holder for compensation” – written.
Freezing Russian assets. Millions of euros may go to Kyiv
The decision was published on Wednesday in the Official Journal of the European Union Using proceeds from frozen Russian assets. Earlier, Czech Foreign Minister Jan Lebowski announced that European Union structures agreed to use proceeds from frozen Russian assets to meet Ukraine’s needs, in particular financial and military aid.
According to initial reports Three billion euros may arrive in Kiev this year, 90 percent of which will be transferred to the Ukrainian Armed Forces.
The Estonian authorities have already taken the decision to provide financial assistance from frozen Russian assets. According to the head of the local parliament’s Foreign Affairs Committee, Marko Mikkelson, the government in Kiev can count on a transfer of 40 million euros in the near future.
Aid to Ukraine is of Russian origin. Anger in the Kremlin
The decision to use proceeds from frozen Russian assets sparked an immediate reaction from the Kremlin and Russian authorities. Presidential spokesman Dmitry Peskov In a statement to the press, he described the European Union’s decision as a “confiscation of Russian property.”
We have previously said that such decisions, although we see them as cautious, constitute a potential danger (…) and this entails potential consequences, which are inevitable. They chose a truncated version, but the truncated version is nothing more than confiscation“- He said.
She also commented on the matter Russian Foreign Ministry spokeswoman Maria Zakharova.
– She said that attempts to confiscate Russian property directly contradict the legislation of those countries and associations that intend to use these funds.
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