Ukrainian President Volodymyr Zelenskyy signed a new law on May 23 enabling the country to seize and sell assets of people who support Russian President Vladimir Putin’s military invasion. The law focuses primarily on Russian-owned assets and property in Ukraine, particularly those belonging to Russian citizens who have already had their assets blocked by Ukraine’s government, and will help…
Ukraine’s Zelenskyy Signs Law to Seize and Sell Russian Assets, Bolstering War Efforts
Yellen: Not Legal for US to Seize Russian Official Assets
May 20, 2022
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Business & Economyeconomic policieseconomyEuropeJanet YellenMarketsRussia-Ukraine WarRussianUSUS NewsWorld
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BONN, Germany—The United States does not have legal authority to seize Russian central bank assets frozen due to its invasion of Ukraine, Treasury Secretary Janet Yellen said on Wednesday, but talks with U.S. partners over ways to make Russia foot the bill for Ukraine’s post-war reconstruction are starting. Yellen also said it is likely that…
Liberals Move to Bar Sanctioned Russians From Canada Through Immigration Amendments
The Liberal government is moving to ban Russians sanctioned over Moscow’s invasion of Ukraine from entering Canada. The government tabled proposed amendments to federal immigration law in the Senate today to ensure foreign nationals subject to sanctions under the Special Economic Measures Act are inadmissible to Canada. The changes would allow the Canada Border Services…
Russian Minister Imprisoned for Oil-Related Bribery Released
The highest ranking Russian official to go to prison in nearly two decades was released Thursday after serving more than half of an eight-year sentence for a bribery conviction. Former Economic Development Minister Alexei Ulyukayev filed a petition for early release after serving more than five years. A court in the Tver region, some 140…
Russian Climber Dies at Camp on Mount Everest, Nepali Official Says
KATHMANDU—Russian climber Pavel Kostrikin died at Camp I of Mount Everest, the first reported death of a foreigner on the world’s highest peak in the current climbing season that began in March, a Nepali official said on Sunday. Kostrikin, 55, died at the camp, which is located at an altitude of around 5,360 metres (17,585…
Oil Prices Jump Amid Persistent Supply Concerns, EU Proposal to Ban Russian Imports
Oil prices continued to rise on Friday amid concerns about tightened supplies ahead of the European Commission’s (EC) proposal to ban Russian oil by the end of the year. Brent futures rose 84 cents, or 0.8 percent, to $111.74 a barrel by 0306 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 80 cents, or 0.7…
White House Denies US Shared Intelligence to Kill Russian Generals
Pentagon spokesman John Kirby denied reports saying the United States shared intelligence to target Russian generals earlier this week. “The United States provides battlefield intelligence to help Ukraine defend their country,” Pentagon press secretary John Kirby told reporters Thursday. “We do not provide intelligence on the location of senior military leaders on the battlefield or…
Russian Retailers in Talks to Import Goods via Kazakhstan: Report
May 4, 2022
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Business & Economycommoditieseconomic policieseconomyEuropeKazakhstanMarketsPresident Vladimir PutinRussia-Ukraine WarRussianWorld
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ALMATY—Russian retailers Magnit and Lenta are in talks with their suppliers and other parties about importing goods via Kazakhstan, Russia’s southern neighbor and close partner, a Kazakh official was quoted as saying on Tuesday. Rouble volatility and supply chain disruptions have hit the Russian market since President Vladimir Putin sent troops into Ukraine on Feb….
UK Analyst Says Nuclear Tsunami Threat Could Be ‘Propaganda Weapon’
A British defence analyst says an “underwater robot drone” showcased on Russian state television on May 1 could just be a “propaganda weapon” and could even be a red herring. Russian television presenter Dmitry Kiselyov, who is known to be close to President Vladimir Putin, showed a video of the Poseidon nuclear weapon and said…
Germany Can Cut Reliance on Russian Crude Oil by Summer: Officials
Germany’s Economy and Climate Minister Robert Habeck said Sunday that the nation is making progress in cutting its reliance on Russian fossil fuels and expects to be fully independent of Russian crude oil imports by the end of summer. The Economy and Climate Ministry said on Twitter that the goal was “realistic” while noting that the nation…
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