Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

EU, EU/Europe, Featured Article, Sanctions

NEWS: EU foreign chief Borrell demands Russian foreign exchange reserves be seized to pay for re-building of Ukraine

European Commission foreign policy chief Josep Borrell

By AML Intelligence Correspondents

EUROPE is increasingly looking at seizing frozen Russian foreign exchange reserves to help pay for the cost of rebuilding Ukraine.

Now Foreign Policy Commissioner Josep Borrell has pointed to how the US took control of billions of dollars’ worth of assets belonging to the Afghan central bank as an example of what Europe should do. The US used the money in part to potentially compensate victims of terrorism as well as for humanitarian aid for the country.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!