Podcast in English
Text size
Bulgarian National Radio © 2025 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10 high-ranking government officials from the times of President Viktor Yanukovych, who also had Russian citizenship, was revoked.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

Burgas Airport to be closed for renovation, flights to resume on May 1

A 6-month reconstruction of the runway and renovation of the aprons start at Burgas Airport. November 10 marks 19 years since the start of the Burgas Airport concession. The investment in one of the largest infrastructure projects by..

published on 11/10/25 9:26 AM

Bulgaria boosts security of Lukoil's properties and offices in the country

Bulgaria is strengthening land, water and air security (including with a drone protection system) at Lukoil's sites on its territory, the government press service announced. The State Agency for National Security (SANS) entered the..

published on 11/10/25 8:50 AM

It will be cloudy over the weekend, temperatures rise

On Saturday , the lowest temperatures will be between 7 and 12°C; in Sofia - around 8°. In the morning hours visibility will be reduced in the plains. Before noon, precipitation will temporarily stop. In the second half of the day,..

published on 11/7/25 7:50 PM