From the editorial, "The desire to make Russia pay for its aggression is understandable, but Western leaders must be mindful of political realities and the rule of law. The best way to hold Putin accountable is to adhere to the principles of due process and respect for property that Russia has sought to destroy."
On July 6, reports emerged that US Department of the Treasury officials visited Hong Kong in 023 2 to urge the city's central bank, financial institutions, law firms, consultancies.
Hundreds of billions of dollars in Russian assets were trapped abroad in 2022 after the Ukrainian crisis escalated into a full-blown NATO-Russia proxy war. Earlier this year, reports in US business media indicated that the US and its allies were having trouble locating much of the funds.
Germany has opposed plans of the European Union to use the Bank of Russia s frozen assets for Ukraine s reconstruction and called for considering other options due to concerns that the decision could result in legal and financial challenges, the British news outlet reported on Monday, citing sources.
A shift in attitudes towards Western firms operating in Russia is gradually becoming a trend. As it turns out, the companies that were the first to leave may benefit most. How so? Putin's army has been waging a war of terror against Ukrainians for sixteen months now.