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Mainpage > News > Compensation for damages from the aggressive war of the Russian Federation: a digest of the main news of April

Here is our selection of the most significant events in April:

Ukraine

  • The HACC confiscated the Moscow Exchange's stake in a Ukrainian company, including 2,978 shares worth UAH 2.978 million, which is 1.44% of all shares in the company. "Moscow Exchange is one of the largest stock exchanges in Eastern Europe.
  • The Ministry of Justice of Ukraine filed a lawsuit with the High Anti-Corruption Court to confiscate the assets of the so-called ‘head of Kherson Regional State Administration’ Volodymyr Saldo.

The USA.

  • A businessman was arrested in the United States for trading with Kurchenko. The US Department of Justice has arrested businessman John Unsalan for violating sanctions imposed in 2015 against Ukrainian oligarch Serhiy Kurchenko and two of his companies. Unsalan is charged with conspiracy to circumvent US sanctions, violation of the sanctions regime, and conspiracy to commit money laundering.
  • The US Department of Justice is looking for new ways to stop the evasion of Russian sanctions, focusing on foreign investment advisers, hedge funds, law firms, and private equity managers that have not previously come under scrutiny.
  • The US is also looking for new opportunities to transfer seized Russian assets to Ukraine.

Canada.

  • Canada has imposed another set of restrictions on Russian legal entities and individuals. In particular, the sanctions include Volga-Dnepr, whose An-124 aircraft was blocked in Canada.

EU.

  • European Commission President Ursula von der Leyen said that all Russian assets seized by the European authorities - oligarchs' yachts, their villas in the Mediterranean, and the Central Bank's reserves - should be used to rebuild Ukraine. However, the EU's project to confiscate the assets of the Central Bank of Russia may fail due to the complexity of the process of finding these funds.
  • Finland has frozen the assets of the Russian Centre for Science and Culture.
  • Cyprus is closing the bank accounts of Russians. Clients from Russia have started receiving mass notifications about the closure of their accounts by the largest bank in Cyprus, the Bank of Cyprus.
  • Norway joined the 10th package of EU sanctions against Russia. The adopted sanctions mirror the tenth EU sanctions package of 25 February 2023 with some changes.

United Kingdom

  • The UK imposed sanctions against Abramovich and Usmanov's financial intermediaries as part of the fight against oligarchs' accomplices.
  • Chelsea's sales aid to Ukraine was delayed due to delays in the approval process. The fund to help Ukraine, which contains £2.34bn ($2.9bn) from Roman Abramovich's sale of Chelsea football club, is almost ready to launch and has already selected a chairman, but UK government approval is taking longer than expected.

Switzerland.

  • Swiss banks have tightened control over their Russian clients. These are UBS and Credit Suisse banks.

Turkey.

  • Turkish Foreign Minister Mevlut Cavusoglu explained that Ankara will only consider national interests when imposing sanctions against Russia.

Montenegro.

  • Montenegro-refuses to transfer frozen Russian assets to Ukraine

For more information on the situation with compensation for damages from the Russian invasion, please visit our confiscation tracker, an interactive website that displays up-to-date information on amounts, legislation, court decisions, and political positions on confiscation.