New Presidential Decree No. 442 On compensation of damage from US confiscation of Russian assets
23 May 2024Dear Ladies and Gentlemen,
Please be informed that, today, as of May 23, 2024, by Decree No. 442 (“Decree No. 442”) the Russian President instructed the Russian Government to take measures aimed at establishing a special procedure for compensation of damage caused to the Russian Federation and the Central Bank of Russia (“Russian rightholders”) from unjustified confiscation of Russian sovereign assets in the United States in connection with decisions of state bodies and/or judicial authorities of the United States (“damage”).
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