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10 high-ranking government officials from the times of President Viktor Yanukovych, who also had Russian citizenship, was revoked.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

Toshko Yordanov

ITN would engage in talks with PP-DB if they decide to fulfill the second cabinet-forming mandate

"There Is Such a People"party (ITN) will engage in talks with "We Continue the Change - Democratic Bulgaria" (PP-DB) if the coalition decides to fulfill the second government-forming mandate'' , the chairman of the parliamentary group of ITN, Toshko..

published on 7/14/24 2:08 PM

The assassination attempt on Donald Trump sparks reactions among Bulgarian politicians

Bulgarian politicians and institutions have condemned the assassination attempt on Donald Trump. "We are deeply shocked by the horrific attack on former President Donald Trump during a campaign event. We express condolences to the victim and..

updated on 7/14/24 1:24 PM
Commissioner for Innovation, Research, Culture, Education and Youth Iliana Ivanova

Commissioner Iliana Ivanova: Bulgaria may lose funds under the Recovery and Resilience Plan

Our country is at real risk of losing funds under the Recovery and Resilience Plan, European Commissioner for Innovation, Research, Culture, Education and Youth Iliana Ivanova said for bTV. In her words, the political situation in the country..

published on 7/14/24 11:35 AM