COUNTRIES OPPOSING RUSSIAN INVASION OF UKRAINE STRUGGLE TO AGREE WAY TO SPEND SANCTIONED MONEY AND PROPERTY
October 30th, 2022
The list of Russian assets seized by its European and north American opponents grows ever larger, with super yachts joining bank accounts and expensive properties being sequestered. But could they be sold? Should they be sold? And should the money be spent on rebuilding Ukraine, if it drives out the Russian invader?
There are significant legal obstacles to such efforts – legal reforms to allow countries to sell seized sanctioned assets are under consideration. NATO and G7 member state Canada has been leading the pack here. Its Budget Implementation Act, 2022 ...
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