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Confiscating Russia’s Frozen Central Bank Assets: A Permissible Third-Party Countermeasure?

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Main Author: Kamminga, Menno T.
Format: Book
Language:English
Published: Springer 2023
Subjects:
Permissible Third-Party Countermeasure
Online Access:https://link.springer.com/article/10.1007/s40802-023-00231-7
https://dlib.phenikaa-uni.edu.vn/handle/PNK/9245
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spelling oai:localhost:PNK-92452023-09-26T07:23:55Z Confiscating Russia’s Frozen Central Bank Assets: A Permissible Third-Party Countermeasure? Kamminga, Menno T. Permissible Third-Party Countermeasure CC-BY The war of aggression by a permanent member of the Security Council, combined with the availability of its assets on the territory of other states, creates an opportunity to solve one of international law’s enigmas: the legality of third-party countermeasures in the general interest. Would confiscating Russia’s frozen Central Bank assets and making the proceeds available to repair the war damage in Ukraine be permissible as such a countermeasure? This paper argues that state immunity cannot be relied upon to prevent the freezing or confiscation of foreign central bank assets by direct executive action; that freezing foreign state assets is permissible as a third-party countermeasure to stop a serious case of aggression; and that confiscation would not qualify as a countermeasure but may be permissible as a ‘lawful measure’ to repair the damage. 2023-09-26T07:23:54Z 2023-09-26T07:23:54Z 2023 Book https://link.springer.com/article/10.1007/s40802-023-00231-7 https://dlib.phenikaa-uni.edu.vn/handle/PNK/9245 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic Permissible Third-Party Countermeasure
spellingShingle Permissible Third-Party Countermeasure
Kamminga, Menno T.
Confiscating Russia’s Frozen Central Bank Assets: A Permissible Third-Party Countermeasure?
description CC-BY
format Book
author Kamminga, Menno T.
author_facet Kamminga, Menno T.
author_sort Kamminga, Menno T.
title Confiscating Russia’s Frozen Central Bank Assets: A Permissible Third-Party Countermeasure?
title_short Confiscating Russia’s Frozen Central Bank Assets: A Permissible Third-Party Countermeasure?
title_full Confiscating Russia’s Frozen Central Bank Assets: A Permissible Third-Party Countermeasure?
title_fullStr Confiscating Russia’s Frozen Central Bank Assets: A Permissible Third-Party Countermeasure?
title_full_unstemmed Confiscating Russia’s Frozen Central Bank Assets: A Permissible Third-Party Countermeasure?
title_sort confiscating russia’s frozen central bank assets: a permissible third-party countermeasure?
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s40802-023-00231-7
https://dlib.phenikaa-uni.edu.vn/handle/PNK/9245
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score 8.887836

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