Damage to Russian Federation and Russian Central Bank Will Be Compensated at the Expense of Property of US and Related Persons
On 23 May 2024 Russian President signed the Decree № 442 “On the Special Procedure for Compensation of Damage Caused to the Russian Federation and the Central Bank of the Russian Federation in Connection with Unfriendly Actions of the United States of America” (hereinafter – the “Decree”).
The Decree introduces a special procedure for compensation of damages caused to Russian Federation or Central Bank of Russian Federation (hereinafter – “Russian rightholders”) due to unfriendly actions of the US.