Podcast in English
Text size
Bulgarian National Radio © 2026 All Rights Reserved

US approves transfer of Russian oligarch’s confiscated assets to Ukraine

Merrick Garland
Photo: EPA/BGNES

"Today I am announcing that I have authorized the first-ever transfer of confiscated Russian assets for use in Ukraine," U.S. Attorney General Merrick Garland said at a meeting with Ukraine's Prosecutor General Andriy Kostin, who paid a visit to Washington. A court in New York confiscated 5.4 million USD from Russian oligarch Konstantin Malofeev, who entered the US sanctions list in 2014, and in 2022 was accused of trying to circumvent sanctions.

The strengthening of sanctions leads to an increase in the outflow of private capital from Russia, the head of the analysis department of the Russian "BKF Bank", Maxim Osadchy, said. He quotes data from the Central Bank of Russia, according to which deposits of Russians in foreign banks as of November 2022 reached $81.7 billion. In January 2022 they were $30.6 billion. The outflow is mainly directed towards Kazakhstan, Georgia and Armenia.

Meanwhile, the situation in Eastern Ukraine is becoming increasingly difficult, Ukrainian President Volodymyr Zelensky warned in his video address last night. With a decision yesterday, the Ukrainian citizenship of 10 high-ranking government officials from the times of President Viktor Yanukovych, who also had Russian citizenship, was revoked.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

A warning for dangerous rainfall has been issued for 12 regions in Southern Bulgaria

On Friday, the lowest temperatures will be between 4°C and 9°C, reaching up to 12°C in the southeast, around 6°C in Sofia . During the next 24 hours, the weather will remain cloudy. It will rain in almost the entire country. During the day, rainfall..

published on 11/27/25 6:45 PM

Varna mayor Blagomir Kotsev released pending trial on €102,258 bond

The Varna District Court has released the city’s mayor, Blagomir Kotsev, on a financial bond of €102,258. Before the court’s decision was announced, supporters of the mayor and members of the We Continue the Change party gathered outside the..

published on 11/27/25 5:37 PM

Three detained and five police officers injured at last night's protest in Sofia

Three people, including an Italian citizen, were arrested during last night's protest against the adoption of the 2026 budget in front of the National Assembly, the director of the Sofia Directorate of Internal Affairs, Chief Commissioner Lyubomir..

published on 11/27/25 3:50 PM