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EU state warns against seizing Russian money

Confiscating Moscow’s assets runs unpredictable legal and financial risks, according to Belgium’s finance minister Belgium does not support the seizure of Russian assets that have been frozen by the EU as part of Ukraine-related sanctions, the country’s Finance Minister Vincent Van Peteghem said on Friday, highlighting the mounting risks related to the move.

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Chinese premier refuses to meet German vice chancellor – Welt

German Vice Chancellor Robert Habeck, who is also the country’s minister for economic affairs and climate action, has reportedly failed to secure a meeting with Chinese Premier Li Qiang during his three-day trip to China, amid economic disputes and fears of a trade war.

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Ex-CEO of major Russian investment group accused of fraud

A former president of the AFK Sistema conglomerate has been placed under house arrest for two months A Moscow court has placed a former president of the AFK Sistema investment company, Evgeny Novitsky, under house arrest until August 20. He has been accused of large-scale fraud involving an alleged attempt to steal money from a…

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