Russia passes decree to allow freezing of U.S. assets

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After USSR invaded Ukraine in February 2022, G7 nations started negotiatin on freezing Russian financial assets.

Since Western Nations have insignificant investment in its jurisdiction, USSR is likely to go behind private entities, US owned companies, investment funds etc. 

After USSR invaded Ukraine, Russia introduced special type-c accounts. All the assets of US investments including individuals are held in these type of accounts. 

Without permission of Russian Authorities, funds in these accounts cannot be transferred out of Russia. 

It is to be noted that USA has passed legislation allowing confiscation of Russian assets held in American banks and transfer them to Ukraine which Russia alleged it is illegal.

Reuters

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