Task Force Ukraine

Official interagency group of Ukrainian authorities seizing & confiscating assets of sanctioned individuals for Ukraine's benefit #TaskForceUA

[Task Force Ukraine @TaskForce_UA]

🇪🇺 EU nations deliberate on Spain's proposal to employ frozen Russian assets for Ukraine's reconstruction, emphasizing the need for precise timing and strategic priorities. Though Spain envisions €15-17 billion for Kyiv by 2027, diplomats prioritize urgency and explore alternative funding routes. In ongoing talks, the EU aims for unanimity on crucial decisions, underscoring the importance of long-term funding for Ukraine's reparations and holding Russia accountable. The debate continues as EU leaders unite to tackle vital issues at the upcoming December summit.

https://t.co/7Oc91ZcWdg

[Task Force Ukraine @TaskForce_UA]

🇺🇦🇬🇧 UK Foreign Secretary @David_Cameron urges seizing $350 billion in frozen #RussianAssets to rebuild Ukraine, emphasizing reparations during his meeting with President @ZelenskyyUa. Cameron's call means ensuring funds for war victims, making it a collective effort to hold Russia accountable.
#SupportUkraine

https://t.co/PmxPduhEa1

[Task Force Ukraine @TaskForce_UA]

Ukrainian grain, disguised as Russian produce, might be benefiting Putin's circle through forged documents and looting. Advisor to the President of Ukraine, deputy head of @TaskForce_UA @vladvlas comments that existing sanctions against Russia are not enough. Urging robust measures against this illicit grain trade, Vlasyuk emphasizes the need to punish those involved. Time for the world to unite, expose, and put an end to this exploitative russian lies.
#UkraineGrain #TaskForceUA

https://t.co/9oHBDRzJnu

[Task Force Ukraine @TaskForce_UA]

🇺🇦 PM Denys Shmyhal and EU's Věra Jourová strategize on seizing frozen Russian assets. Despite war, Ukraine stays committed to EU integration, gearing up for legislative steps. Shmyhal emphasizes making 'Russia will pay' a reality in 2024 through effective collaboration.

The discussion includes plans for a special tribunal to hold Russian leadership accountable.

https://t.co/oUrMCbokEp

[Task Force Ukraine @TaskForce_UA]

Switzerland tightens its grip on Russian assets, freezing a staggering $8.8 billion in response to Moscow's Ukraine invasion. The State Secretariat for Economic Affairs reports an increase from last year, citing 300 individuals and 100 entities added to the sanctions list. This includes profits from various sources like cash deposits, bonds, shares, properties, and luxury cars.

A robust move by Switzerland echoing global efforts to hold Russia accountable.

https://t.co/XGSMMkIGMR

[Task Force Ukraine @TaskForce_UA]

"Putin's regime must pay for the destructions they've caused,” @SenatorBennet asserts. Joining hands with bipartisan colleagues, Bennet introduces legislation to seize #RussianAssets for Ukraine's aid.

The Asset Seizure for Ukraine Reconstruction Act enables the DOJ to quickly seize sanctioned Russian oligarchs' high-value assets, transferring the proceeds to Ukraine. The REPO Act provides extra aid to Ukraine from assets confiscated from the Russian Central Bank and other Russian sovereign assets.

https://t.co/cyyEjuMT49

[Task Force Ukraine @TaskForce_UA]

@business reports that the US aims to persuade Turkey to impose sanctions against Russia and Hamas. @UnderSecTFI, Under Secretary for Terrorism and Financial Intelligence at @USTreasury, plans to visit Ankara to convince Turkey to support the sanctions. Hope these negotiations will be successful as Turkey has not yet joined the unilateral restrictions against Russia announced by the US and the EU.

https://t.co/JOxhr2DpQt

[Task Force Ukraine @TaskForce_UA]

🇨🇭🤝🇺🇦 Swiss President @alain_berset strengthens ties with Ukraine during his Kyiv visit, underscoring Switzerland's steadfast support amid Russia's aggression. President Berset commits to a lasting partnership, pledging solidarity even in the face of multiple crises. Talks with President Zelenskyy cover critical issues: mine clearing efforts, peace proposals, and the strategic use of profits from frozen Russian assets to empower Ukraine's recovery.

https://t.co/tuTJLUGd3u

[Task Force Ukraine @TaskForce_UA]

🇮🇱 Israel's major banks — Discount Bank, Bank Hapoalim, and Bank Leumi — take action to block Russian assets linked to Euroclear, aligning with EU sanctions amid the Ukraine war. The move, specific to Euroclear-related assets, aims to monitor compliance. Additionally, the EU and Switzerland imposed restrictions last year, limiting Russian citizens' EU-based accounts to €100,000 ($108,000). A similar cap applies to investment portfolios, with excess funds placed in a segregated account, reinforcing Euroclear's ability to block assets in sanction violations.
#Israel #EU

https://t.co/wRbct3W0os

[Task Force Ukraine @TaskForce_UA]

🇨🇦 In a pivotal meeting, @AndriyKostinUa expressed gratitude to Chair @SenBoehm, Vice Chair Peter Harder, and the Standing Committee of Foreign Affairs for their steadfast support. Kostin commended Canada's efforts in enforcing sanctions and seizing Russian assets, emphasizing the crucial role of bill S-278 in redirecting these frozen assets from international crimes to aid those affected by the war.

The adoption of such a bill holds the promise of seizing assets tied to international crimes and directing them to rebuild lives shattered by the war. Kostin stated, “I believe that together, we will stop Russia and ensure accountability for its crimes, a solid building block for our shared peaceful future.”

[Andriy Kostin @AndriyKostinUa]

Pleased to meet Chair @SenBoehm, Vice Chair Peter Harder, and the distinguished members of the Standing Committee of Foreign Affairs and International Trade and express my gratitude to @SenateCA and the people of Canada for their unwavering support and solidarity with Ukraine.

We greatly appreciate the strong pro-Ukrainian stance of the 🇨🇦 Parliament, which recognized Russia's military actions in Ukraine as genocide, condemned the pseudo-referendums in the temporarily occupied territories, and adopted the resolution urging the Canadian government to classify the Wagner Group as a terrorist organization.

Canada is also pioneering efforts in enforcing sanctions and confiscating Russian assets related to funding the aggression. We hope that the adoption of bill S-278, amending the Special Economic Measures Act (SEMA), will help to seize the assets of those involved in international crimes and redirect them to those whose lives have been shattered by the war.

We are also continuing and expanding our cooperation to ensure the return of Ukrainian children forcibly deported by Russia and civilians illegally detained by the aggressor.

I believe that together, we will #StopRussia and ensure accountability for its crimes, which will be a solid building block for our shared peaceful future.

[Task Force Ukraine @TaskForce_UA]

🇱🇹 Lithuania takes a bold step towards solidarity. Fines for sanctions non-compliance will fund Ukraine's reconstruction. Unanimously voted by 99 members, this amendment channels support exclusively for Ukraine's recovery from post-Russian aggression.

https://t.co/u6TvLeBEG0

[Task Force Ukraine @TaskForce_UA]

🇺🇦 @ZelenskyyUa asserts a firm stance on Russia's aggression: seize assets linked to the aggressor to ensure accountability. He, alongside Latvia, advocates for utilizing seized funds to rebuild Ukraine post-hostilities.

Gratitude to Latvia for their constant support in imposing sanctions and asset freezes. Zelenskyy emphasizes the necessity of international cooperation to ensure the fair use of frozen Russian assets, facilitating the reconstruction of Ukraine and delivering justice to its people.

https://t.co/ZnIJAaTQBD

[Task Force Ukraine @TaskForce_UA]

🇺🇦🤝🇺🇸 In a significant meeting at Halifax International Security Forum, Ukraine's Prosecutor General @AndriyKostinUa, and U.S. Special Rep Penny Pritzker delve into the critical matter of confiscating Russian assets. The urgency for swift action on justice is emphasized, as Kostin underlines the need to expedite the process. Progress against corruption and oligarchic influence is highlighted, and the determination to hold Russia accountable for its actions remains strong. Together, with the leadership of the U.S. and allies, Ukraine aims to bring the aggressor to justice.

#Ukraine #Canada

https://t.co/9uAjhkvHCR

[Task Force Ukraine @TaskForce_UA]

🇪🇺 @EU_Commission proposes sanctions targeting Russians who profited from the seizure of European companies post-Putin's Ukraine invasion. Companies like Carlsberg, Danone, and Adidas faced takeovers by the Kremlin over national security concerns.

The 12th sanctions package about banning Russian diamond imports, aims to hold accountable those benefiting from compulsory ownership transfers. A right step towards accountability for war profiteers.

#EU #Sanctions

https://t.co/vkA5t1GzkJ

[Task Force Ukraine @TaskForce_UA]

Experts and policymakers at the Hudson Institute discussed the REPO Act, a bipartisan bill addressing Russia's aggression in Ukraine. It allows the US to confiscate and redirect over $300 billion in frozen Russian assets for additional aid to Ukraine, and prohibits lifting sanctions until Russian forces withdraw.

@SenatorRisch stressed the importance of US leadership for accountability, emphasizing the bill's critical role in deterring future aggressions. If Russia refuses compensation, other countries should confiscate and redirect its assets to Ukraine.
#Ukraine #REPOAct

https://t.co/vkA5t1GzkJ

[Task Force Ukraine @TaskForce_UA]

The assets belonging to both Russian oligarchs and the state are currently overseen by various governments. The ongoing discourse revolves around the method of transferring Russian state assets to Ukraine, considering three potential options:

📍Transfer all frozen Russian state assets to Ukraine in their current state.
📍Transfer solely the profits generated from the frozen assets.
📍Transfer only the taxes that Russia would be obligated to pay in Europe on the profits derived from the frozen assets.
https://t.co/bWRgE6Dyfh

[Task Force Ukraine @TaskForce_UA]

🇺🇦🤝🇬🇧 Prime Minister @Denys_Shmyhal welcomes UK Foreign Secretary @David_Cameron to Kyiv, emphasizing the strong support from the British government. Discussions ranged from military and financial aid to sanctions support. A key focus: utilizing frozen Russian assets for Ukraine's recovery.

https://t.co/55Kss3BEYV

[Task Force Ukraine @TaskForce_UA]

⚖️ Ukraine takes another stand against Russian aggression. The Ministry of Justice filed a lawsuit to recover assets of the sanctioned Russian PJSC "Ilyushin Aviation Complex," a key player in the Russian aviation industry.

The lawsuit targets assets additionally identified by the Security Service of Ukraine, underscoring efforts to hold entities accountable for their involvement in the full-scale invasion. A bold move towards justice and financial accountabilit.

#UkraineJustice #SanctionsEnforcement

https://t.co/WNg2zSBeUu

[Task Force Ukraine @TaskForce_UA]

🇺🇦💪 Ukraine demonstrates a proactive approach to asset recovery as the Cabinet of Ministers greenlights the sale of seized assets abroad. Notable among them is Viktor Medvedchuk's €200 million yacht, Royal Romance, currently in Croatia.

The initiative, executed through a transparent process on the Prozorro platform, aligns with European legislation. This historic move enables Ukraine to generate funds from foreign sales, bolstering defense capabilities during the ongoing war.

https://t.co/2eeg89v6wQ

[Task Force Ukraine @TaskForce_UA]

@McFaul suggests utilizing confiscated Russian assets. Amid skepticism from some Congressional Republicans on U.S. aid, McFaul argues that tapping into the $300 billion frozen by the West, especially in European accounts, could offer substantial relief. Cutting aid risks compromising core U.S. national security, given Ukraine's pivotal role in weakening the Russian military threat.

McFaul contends that deploying these funds legally can serve as a deterrent to further aggression.

#USsanctions

https://t.co/IVQlLWIRd6