Browsing: assets

The “weaponization” of the US dollar through the seizure of frozen Russian assets could prompt a global shift away from the greenback, Bloomberg reported on Wednesday, citing a former International Monetary Fund (IMF) official.  

Russia’s financial stability will not be affected if the US seizes its frozen assets, Bank of Russia Governor Elvira Nabiullina told journalists on Friday.

A court ruling supported the lawsuit filed by state bank VTB, which seeks to recover funds blocked under Western sanctions

RIYADH: UAE Islamic banks saw their asset values rise to 703 billion dirhams ($191.4 billion) by the end of 2023 in what was an 11 percent annual increase, official data showed. 

Hunt on Saturday unveiled the next leg of the compact aimed at partly reversing the decades-old trend of pension funds…

Moscow will respond in kind if the West goes through with threats to confiscate Russian assets blocked abroad, Finance Minister Anton Siluanov warned in an interview with RIA Novosti published on Monday. He noted that Western states themselves still have assets in Russia that could be jeopardized if the frozen funds are tapped.