Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

US approves transfer of Russian oligarch’s confiscated assets to Ukraine

Merrick Garland
Photo: EPA/BGNES

"Today I am announcing that I have authorized the first-ever transfer of confiscated Russian assets for use in Ukraine," U.S. Attorney General Merrick Garland said at a meeting with Ukraine's Prosecutor General Andriy Kostin, who paid a visit to Washington. A court in New York confiscated 5.4 million USD from Russian oligarch Konstantin Malofeev, who entered the US sanctions list in 2014, and in 2022 was accused of trying to circumvent sanctions.

The strengthening of sanctions leads to an increase in the outflow of private capital from Russia, the head of the analysis department of the Russian "BKF Bank", Maxim Osadchy, said. He quotes data from the Central Bank of Russia, according to which deposits of Russians in foreign banks as of November 2022 reached $81.7 billion. In January 2022 they were $30.6 billion. The outflow is mainly directed towards Kazakhstan, Georgia and Armenia.

Meanwhile, the situation in Eastern Ukraine is becoming increasingly difficult, Ukrainian President Volodymyr Zelensky warned in his video address last night. With a decision yesterday, the Ukrainian citizenship of 10 high-ranking government officials from the times of President Viktor Yanukovych, who also had Russian citizenship, was revoked.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sunshine, rising daytime temperatures expected on Monday

On Monday the weather will be mostly sunny, in the afternoon there will be scattered high clouds. Almost quiet weather is expected. Minimum temperatures will be mainly between minus 3°C and 2°C, slightly lower in the valleys of western Bulgaria, in..

published on 11/24/24 6:15 PM
Rumen Radev in Vietnam

President Radev meets with Vietnamese citizens who studied and worked in Bulgaria during his Vietnam visit

Rumen Radev's visit to Vietnam began with a meeting with the community of Vietnamese citizens who have studied and worked in Bulgaria - representatives of the Vietnam-Bulgaria Friendship Association. Hundreds of Vietnamese citizens are members of the..

published on 11/24/24 5:00 PM
MP Nadezhda Yordanova from PP-DB

PP-DB MP Yordanova: There is no agreement with GERB for a governing majority and posts

The deputy from "We Continue the Change - Democratic Bulgaria" Nadezhda Yordanova has denied the information that an agreement was reached with GERB - SDS for the formation of a governing majority , on the basis of which Atanas Atanasov from the..

published on 11/24/24 4:01 PM