New Presidential Decree No. 442 On compensation of damage from US confiscation of Russian assets

New Presidential Decree No. 442 On compensation of damage from US confiscation of Russian assets

23 May 2024

Dear 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”).

More details here:
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Note: Please be aware that all information provided in this letter was taken from open sources. Neither ALRUD Law Firm, nor the author of this letter bear any liability for consequences of any decisions made in reliance upon this information.

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ALRUD Law Firm

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