The U.S. Treasury Department has ordered institutions that own Russian state assets to report them by August 2.
This was reported by Yevropeiska Pravda with reference to Voice of America.
On July 23, the Ministry of Finance announced that all financial institutions that hold Russian sovereign assets and know or should know about such assets must report such assets to the Office of Foreign Assets Control (OFAC) no later than August 2, 2024.
The order is related to the implementation of the Restoring Economic Prosperity and Opportunity for Ukrainians Act (REPO), better known as the Russian Asset Forfeiture Act.
Author - Dmitriy Levchenko, 24/07/2024