Current location:Global Grid news portal > sport
The US is now allowed to seize Russian state assets. How would that work?
Global Grid news portal2024-05-21 14:51:51【sport】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://zambia.arnoldview.org/news-17b199876.html
Very good!(546)
Related articles
- Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
- Hong Kong holds digital economy summit, eyes sustainable future
- China urges U.S. to cease sending wrong signals to "Taiwan independence" forces
- Youths called on to make contributions
- Verona confirms Serie A status for another year after beating Salernitana
- Scholars of South Sudan, China pledge collaboration for mutual development
- Xi Stresses High
- Number of flights gradually increasing
- The unstoppable duo of Emma Stone and Yorgos Lanthimos
- TikTok affirms commitment to upholding online safety
Popular articles
Recommended
Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
China Focus: China strives for vitality after COVID management downgrade
Tourism market makes robust recovery over holiday
Shenzhou XVI crew looks forward to challenge
Jon Wysocki dead at 53: Staind drummer passes away
Xi Congratulates Tamas Sulyok on Election as Hungarian President
King Charles diagnosed with cancer, halts duties
Feature: Remote Ugandan villages visualize better future with Chinese oil works in backyard
Links
- Pesce's injury could mean a larger role for DeAngelo in the playoffs for the Hurricanes
- Aaron Judge homers 1 pitch after Joe Boyle is called for a balk as Yanks top A's 7
- Trump will be in NY for the hush money trial while the Supreme Court hears his immunity case in DC
- Dean Phillips gains his first delegates. Here’s why they’ll likely vote for Biden at the convention
- What WAS wrong with the Household Cavalry's horses yesterday? New video shows animals spooked
- Culture, history and golden beaches to rival those in the Caribbean
- Common prosperity goals catalyze regional cooperation in China's Yangtze River Delta
- The Latest
- I flew from Scotland to Denmark for 24 hours for a family trip to Legoland
- DPRK top leader guides simulated nuclear counterattack drill