The US is now allowed to seize Russian state assets. How would that work?

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 theBut 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 .The U.S.

The legislation states that “any effort by the United States to confiscate and repurpose Russian sovereign assets” should be done alongside international allies, including the G7, the 27-member European Union and other nations as part of a coordinated effort. Still, some European leaders have expressed hesitation about moving forward with a plan to formally seize Russia's assets in Europe.earlier this month that confiscating Russian assets "is something that needs to be looked at very carefully" and could “start breaking the international legal order.”Critics of the REPO Act say the weaponization of global finance against Russia could harm the U.S. dollar’s standing as the world’s dominant currency.

Donald Trump’s hush money trial resumed today with testimony from a former White House aide who was fired for talking with reporters about what she saw around the Oval Office. But Madeleine Westerhout has made clear there are no hard feelings toward her former boss.

European Union President Joe Biden Ukraine Russian State Frozen Assets Group Of Seven Rebuilding Economic Prosperity

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