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Post: US hands over Russian assets seized for the first time for Ukraine’s needs

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USA flag on Independence Square in Kiev. archive photo

US transfers funds confiscated from businessman Malofeev to Ukraine’s needs

WASHINGTON, February 3 – RIA Novosti. CNN reported that the United States transferred more than five million dollars from Russian businessman Konstantin Malofeev to the needs of the seized Ukraine, citing Merrick Garland, the American Minister of Justice, and his Ukrainian counterpart, Andrey Kostin.

This is the first time US authorities have confiscated the assets of Russians under sanctions and the first time funds have been sent to Ukraine for aid.

“I have approved the first transfer of seized Russian assets for use in Ukraine,” Garland told CNN.

We are talking about 5 million 379 thousand 876 dollars and 94 cents held in Malofeev’s account at Sunflower Bank. It was included in the list of US sanctions in 2014 and then reintroduced in April 2022 for actions aimed at undermining Ukraine’s sovereignty and integrity.

“Today we are witnessing a decision to transfer the seized assets of $5.4 million to the Ministry of Foreign Affairs for the restoration of war-ravaged Ukraine,” Kostin said. said.

Following the start of the Russian Federation’s special operation in Ukraine, Western countries have imposed a series of harsh sanctions on Russia, including freezing about half of the country’s foreign currency reserves – about $300 billion. In April, the head of the Central Bank of the Russian Federation, Elvira Nabiullina, said that Russian authorities are preparing lawsuits to object to the freezing of the country’s international reserves. Dmitry Peskov, the press secretary of the President of Russia, said in an interview with RIA Novosti about the possibility of transferring Russia’s frozen finances to Kiev, that the United States and Europe once seized what did not belong to them. loses the trust of its owners. He also noted that the confiscation of property, the arrests of planes, property, sanctions against Russian businessmen show the collapse of the sanctity of private property in the West and the danger of doing business there.

Russian President Vladimir Putin said that the policy of containing and weakening Russia is a long-term strategy of the West and that the sanctions have dealt a serious blow to the entire world economy. According to the President of the Russian Federation, the United States of America and the European Union declared that they did not actually fulfill their obligations to Russia and froze their foreign exchange reserves.

Source: Ria

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