The US is finally moving on the issue of confiscation: the proposed bill argues Russia “bears responsibility for the financial burden of the reconstruction of Ukraine” and gives the president the ability to “confiscate” frozen Russian assets in the US, incl. central bank assets.

Follow our live blog for the latest on this story. meduza.io/en/live/2023/0…

It was a delight to be back in Finland – an incredible Ally to the United States, and an asset to NATO and the world.

Danone and Carlsberg wanted to leave Russia by the book. Instead, Putin seized their assets and put cronies in charge. Ramzan Kadyrov's nephew now runs Danone, and a Putin pal is CEO at brewer Baltika. Mad story with Anastasia Stognei and Adrienne Klasa ft.com/content/d52349…

Russia, Iran, global terrorist organisations and drug cartels are the top targets of U.S. sanctions. Delaney, clairemaevabg and I built a handy guide to understanding the U.S.'s sanctions regime since 1945. EXPLORE: ➡️crisisgroup.org/content/us-san…

Today, Treasury Department announced the largest enforcement action in our history against Binance, the world’s largest virtual currency exchange. This action is a result of Binance’s egregious violations of U.S. anti-money laundering and sanctions laws. home.treasury.gov/news/press-rel…

I know the statutory maximum penalty doesn't mean much, but nearly $600 billion is wild!

❗️The Biden admin has issued a new E.O. to target financial institutions if they facilitate significant transactions relating to Russia’s military industrial base. This is a significant step-up to counter evasion and root out Russia's procurement networks. whitehouse.gov/briefing-room/…

Russia unleashed a massive aerial assault on Ukraine, killing at least 30 people and wounding more than 140 others. The barrage comes as Ukrainian officials are urgently pleading for more air defense systems from their Western allies. to.pbs.org/4aFSsea

Treasury is continuing its effort to counter Russia's destabilizing activities in Africa by sanctioning two companies linked to the Wagner Group for enabling security operations and illicit mining endeavors in the Central African Republic. home.treasury.gov/news/press-rel…

The US Treasury is expected to roll out a big expansion of secondary sanctions on Russia this week, treating any foreign bank transacting with a sanctioned Russian entity as though it is working directly with the Kremlin’s military-industrial base. ft.com/content/1ba434…

The US has dropped a package of 300 designations on Russia. Are they weaker than a 500 sanctions package? Quite the opposite. In sanctions, quantity doesn't equate to quality. home.treasury.gov/news/press-rel…

Swiss Info, the Swiss version of VOA has done a in-depth investigation into the Swiss prosecutor’s failed investigation into the Magnitsky case and uncovered unbelievable corruption, malfeasance and incompetence of Swiss officials. This is a must read. swissinfo.ch/eng/foreign-af…

Read that again: russia cares so little for Ukrainian lives and international law that they are targeting civilians with drones, and then posting footages of their crimes online for the world to see.

In response to Russia's successful evasion of sanctions, both EU and UK adopted measures with extraterritorial effects, a drastic shift in their positions. My latest on the gradual 'Americanisation' of European sanctions for Foreign Policy. foreignpolicy.com/2024/10/07/san…

Quite something to see Trump adopt Russia’s positions on Ukraine, one by one, seemingly without extracting any concessions at all from Putin

Over three years of war, Putin has refused to stray from his stringent demands that would undo European security and turn Ukraine into a failed state. In just a week, Trump has agreed to almost all of them. Our latest, with ⁦Felicia Schwartz⁩: on.ft.com/4149vmf