As previously reported, in 2013 the D.C. federal district court held the Russian government and three of its agencies in civil contempt for not complying with a 2010 default judgement ordering it to return two expropriated collections of valuable Jewish religious books and manuscripts to Chasidei Chabad of United States. Despite objections by the United States government, the court imposed civil sanctions of $50,000 per day until defendants comply with the court's order. Chabad ever since has been seeking Russian assets to satisfy the continually accruing civil sanctions.
This week, JTA published an interesting analysis suggesting that Ukraine-related U.S. sanctions on Russia may set the stage for Chabad to recover assets:
By late 2021, two entities had emerged as Chabad’s primary targets: Russia’s main development bank, VEB, and Tenex, a subsidiary of a Russian state-run company called Rosatom that sells uranium to nuclear power plants in the United States.
The United States announced sanctions on VEB on Feb. 22 in the lead-up to Russia’s invasion of Ukraine, freezing the bank’s U.S. assets. Its determination that VEB is effectively state wealth has given [Steven] Lieberman [Chabad's attorney] confidence that Chabad can eventually convince the U.S. Treasury Department to turn over VEB assets....
If VEB’s U.S. assets are all tied up in sanctions, Tenex remains entirely unrestricted. That’s because when the Biden administration imposed sanctions on Russia’s energy industry on March 8, it exempted nuclear power, allowing the continued import of Russian uranium.
“If we’re allowed to seize the assets of Tenex, Chabad will be the only religious organization in the world that has its own nuclear power supply,” Lieberman said, half-jokingly.
