🇺🇸⛔️ In the United States, both houses of Congress approved the bill H.R. 8038, titled “21st Century Peace through Strength Act”.
In Russia, the bill received resonance in connection with the legal mechanism for the confiscation of Russia’s sovereign assets. Previously, there were no such mechanisms in the arsenal of US sanctions policy towards Russia.
The new federal legislation gives the president a mechanism that was previously absent from the executive branch. The head of state, by his decrees, may freeze, but not confiscate, the property of a foreign state.
In the future, this legal mechanism can be expanded, writes Valdai Club Programme Director Ivan Timofeev.
https://valdaiclub.com/a/highlights/on-a-new-mechanism-for-the-confiscation-of-russian/
#Multipolarity_and_Connectivity #confiscation #sanctions #UnitedStates
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In Russia, the bill received resonance in connection with the legal mechanism for the confiscation of Russia’s sovereign assets. Previously, there were no such mechanisms in the arsenal of US sanctions policy towards Russia.
The new federal legislation gives the president a mechanism that was previously absent from the executive branch. The head of state, by his decrees, may freeze, but not confiscate, the property of a foreign state.
In the future, this legal mechanism can be expanded, writes Valdai Club Programme Director Ivan Timofeev.
https://valdaiclub.com/a/highlights/on-a-new-mechanism-for-the-confiscation-of-russian/
#Multipolarity_and_Connectivity #confiscation #sanctions #UnitedStates
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Valdai Club
On a New Mechanism for the Confiscation of Russian Sovereign Assets: Consensus Between the US Administration and Congress
The new federal legislation gives the president a mechanism that was previously absent from the executive branch. The head of state, by his decrees, may freeze, but not confiscate, the property of a foreign state. In the future, this legal mechanism can be…