{"id":112753,"date":"2024-05-24T05:23:12","date_gmt":"2024-05-24T09:23:12","guid":{"rendered":"https:\/\/africatodaynewsnewyork.com\/?p=112753"},"modified":"2024-05-24T05:23:12","modified_gmt":"2024-05-24T09:23:12","slug":"putin-moves-to-seize-us-assets-passes-new-decree","status":"publish","type":"post","link":"https:\/\/africatodaynewsnewyork.com\/2024\/05\/24\/putin-moves-to-seize-us-assets-passes-new-decree\/","title":{"rendered":"Putin Moves To Seize US Assets, Passes New Decree"},"content":{"rendered":"

The President of Russia, Vladimir Putin<\/a> has signed a decree that will ensure that assets belonging to the United States, its citizens and companies inside Russia are compensated to compensate those hit by Western sanctions against Moscow.<\/strong><\/p>\n

Africa Today News, New York reports that the West froze around $300 billion of Russian financial assets, mostly its central bank reserves after Moscow ordered troops into Ukraine in February 2022.<\/p>\n

And the US Congress last month passed a bill that would allow President Joe Biden to use frozen Russian assets in the United States for a special fund to support Ukraine.<\/p>\n

The Russian decree will give Russian companies, organizations and individuals that have been hit by sanctions the right to apply for compensation from the Russian government.<\/p>\n

Read Also: <\/strong>Putin Arrives China For State Visit, Summit With Xi Jinping<\/a><\/em><\/p><\/blockquote>\n

The compensation would come in the form of US-owned assets \u2014 such as real estate, companies, bank accounts or shares \u2014 based in Russia.<\/p>\n

Many Western companies have left Russia since it launched its offensive on Ukraine.<\/p>\n

Those that remain \u2014 or have yet to finalise sales of their Russian businesses \u2014 could now be at risk of having their assets seized.<\/p>\n

Both Moscow and Western capitals have traded accusations of stealing each other\u2019s property over the asset freezes.<\/p>\n

Africa Today News, New York reports that Russia has over the last few months taken a number of Western-owned businesses under \u201ctemporary\u201d state control in the past two years \u2014 acts decried by Western leaders and companies as \u201cnationalisation\u201d.<\/p>\n

In Europe, where the vast majority of the frozen Russian assets are located, pressure is ramping up over how to use them to support Ukraine.<\/p>\n

On Thursday, US Treasury Secretary Janet Yellen called for the G7 to be more \u201cambitious\u201d in how it can use the funds to help Kyiv.<\/p>\n

Africa Today News, New York<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The President of Russia, Vladimir Putin has signed a decree that will ensure that assets belonging to the United States, its citizens and companies inside Russia are compensated to compensate those hit by Western sanctions against Moscow. Africa Today News, New York reports that the West froze around $300 billion of Russian financial assets, mostly […]<\/p>\n","protected":false},"author":9,"featured_media":112754,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[6928],"tags":[8745,21075],"class_list":["post-112753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature","tag-russia","tag-vladimir-putin","pmpro-has-access"],"yoast_head":"\nPutin Moves To Seize US Assets, Passes New Decree<\/title>\n<meta name=\"description\" content=\"The President of Russia, Vladimir Putin has signed a decree that will ensure that assets belonging to the United States, its citizens\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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