Current location:International Iterations news portal > opinions
The US is now allowed to seize Russian state assets. How would that work?
International Iterations news portal2024-04-25 10:17:21【opinions】4People have gathered around
IntroductionWASHINGTON (AP) — The big U.S. aid package for Ukraine and other allies that President Joe Biden sig
WASHINGTON (AP) — The big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also allows the administration to seize Russian state assets located in the U.S. and use them for the benefit of Kyiv.
That could mean another $5 billion in assistance for Ukraine, coming from Russian Central Bank holdings that have already been frozen in the United States. The seizures would be carried out under provisions of the REPO Act, short for the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act, that were incorporated into the aid bill.
But it’s not likely the U.S. will seize the assets without agreement from other members of the Group of Seven nations and the European Union.
WHAT IS THE DIFFERENCE BETWEEN FREEZING AND SEIZING?
The U.S. and its allies immediately froze $300 billion in Russian foreign holdings at the start of Moscow’s invasion of Ukraine. That money has been sitting untapped — most of it in European Union nations — as the war grinds on. But roughly $5 billion of it is located in the U.S.
Address of this article:http://www.videocameralive.com/new-sony-hdr-as200vrw-action-cam-live-view-remote-kit/
Very good!(8)
Related articles
- Wednesday casts Thandiwe Newton in highly
- Antique beauty of architecture of the Ma Family Courtyard on Huimin street
- Rugao boosts local textile enterprises to enhance quality and increase production
- A family of forest rangers makes a difference
- Trump factor loomed large as GOP leaders pushed through Ukraine aid
- Explainer: How Is China's Vision of Building a Community with a Shared Future for Mankind Viewed?
- Climate meet witnesses milestone declarations
- Xi Focus: China Pursues Development for People's Well
- Kourtney Kardashian, 45, shows off her incredible post
- Asian regional cooperation highlighted at security meeting
Popular articles
Recommended
What it's REALLY like to win the Lottery... by a couple who banked £2.2m
World's first hydrogen
Processing trade focus to give lift to exporters
Ding, O'Sullivan among first inductees to inaugural World Billiards Hall of Fame
Queen Maxima of the Netherlands braves the wind in a very eye
In pics: French Open Badminton tournament
Lin Xiaojun wins 500m gold at short track speed skating worlds
Ding, O'Sullivan among first inductees to inaugural World Billiards Hall of Fame
Links
- John Sterling honored by Yankees for 36 seasons and 5,631 games as radio voice
- The monkey gangs turning this Thai city into a real
- Former Auburn point guard Aden Holloway plans transfer to rival Alabama
- Biden to announce U.S. military to build temporary port in Gaza for humanitarian aid
- Man who set himself on fire outside Trump hush money trial dies
- Chelsea beats Barcelona 1
- Longtime AP journalist, newspaper publisher John Brewer dies at age 76
- Marlins lefty A.J. Puk lands on injured list with shoulder fatigue
- Felix Rosenqvist career turnaround continues as Swede gives Meyer Shank Racing 1st IndyCar pole
- Trump picks up more national delegates as the only choice for Wyoming Republicans