Expropriating frozen funds would have long-ranging legal ramifications, experts warn The UK might not actually confiscate Russia’s immobilized assets despite political pledges to do so because such a step would violate the rule of law and lead to a litany of legal quandaries, according to sanctions experts cited by Politico in an article on Monday.
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The penalty follows Deutsche Bank’s failure to address its money laundering control issues The US Federal Reserve said on Wednesday it has fined Germany’s Deutsche Bank and its US affiliates $186 million for failing to properly address money laundering control problems, previously flagged by the US regulator.
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According to the country’s settlement depository, Moscow fulfilled its obligations on Friday Russia’s Finance Ministry announced on Friday it has settled two issues of dollar-denominated Eurobonds “in full” by sending 17 billion rubles ($221.1 million) in coupon payments to the National Settlement Depository (NSD).
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