Posted on 10/25/2022 2:17:16 PM PDT by dennisw
Can Brussels raid the tens of billions of euros in Russian assets frozen by the European Union to pay for Ukraine’s recovery?
This thorny legal question is currently under examination by the EU Commission as the cash-strapped bloc looks for potentially €18 billion ($18 billion) next year to keep Ukraine afloat as it fends off Moscow’s invasion.
Ursula von der Leyen, the EU Commission's president, told reporters on Tuesday in Berlin that she had set up a task force to both map what assets exist as well as the preconditions that must be met to seize them.
“The will is there, but legally it is not trivial. There is a lot of work still in it to reach that goal,” she said during a press briefing on the sidelines of an international conference of experts for the reconstruction of Ukraine.
“Always to keep in mind we insist on the rule of law, and therefore we abide by the rule of law, and therefore this process has to be legally sound.”
Importantly, it's unclear whether this may eventually include the wealth of the Russian state or just illicit funds from Russian oligarchs, which is potentially easier to seize if illicitly gained.
Ukraine believes there is anywhere between $300 billion to $500 billion in Russian assets for the taking, which would go far in helping it rebuild, Ukraine Prime Minister Denys Shmyhal said on Tuesday. He said critical economic infrastructure equivalent to 45% of its annual output has been destroyed since the war started and it expects its budget deficit next year to therefor amount to €38 billion.
“We must make sure the offender pays,” he said. “Too many times over the course of history we saw that the aggressors avoided the consequences.”
(Excerpt) Read more at msn.com ...
The story goes that Meghan Markle was a yacht girl, and that 1-2 of Harry’s old chums encountered her at the yachting scene. Instagram is where aspiring yacht girls display their wares.
Yep, ho bags gotta ho...
“… Ukraine believes there is anywhere between $300 billion to $500 billion in Russian assets for the taking…”
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GIBS-ME-DAT $300 billion to $500 billion!
if the yachts ever hit open water, they are a legitimate target to Russian submarines. The owner has the right to destroy his own property if stolen.
“ Be a real shame if Russia lost all that. Just a damn shame.
Heh.”
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Yep. Just as it would be a shame if YOU lost your retirement savings and your house for SLAVERY REPARATIONS. Hey, this could be fun!
First, that's not going to happen, whereas Russia may well end up losing hundreds of billions to repair the damage they're doing to Ukraine and it's people, and;,
Second...why do you care if Russia forfeits those funds or not? It's not a Versailles-style unpayable indemnity because the money is already there.
You think like a moron. You’re are cheering on the death of the petrodollar.
Sounds like this war is all about money. Big grab bag that everybody is taking from. Good thing our politicians have family members that have been consulting in the Ukraine, they already know what the real problems are.
He isn’t the only one on this thread. Too many are cheering on their own leaders corruption. This thread is an example of how far this site has fallen. Western corruption GODLY eastern corruption EVIL. That’s FR now.
Oh God No. Please. No.
What is your position on getting Crimea back for Ukraine?
We signed an agreement with Ukraine that said we will ‘Never’ accept a Russian Crimea.
Are you in for the long haul of getting disputed land back?
“Second...why do you care if Russia forfeits those funds or not? It’s not a Versailles-style unpayable indemnity because the money is already there.”
If we go down this road of economic thievery it’ll destroy confidence in the global economy.
Hey...wait a minute......carry on sir.....faster please.
President Trump is calling for a negotiated settlement to the Ukraine War - do you agree?
Chin, you never fail to disappoint. You have nothing better to do than log into FR and spout leftist Democrat talking points all day.
The U.S. is part of "The West", and so are most of our allies. But using the second person means that doesn't include you, so where exactly are you from?
Get the oligarch yachts first and auction them off to the Arabians. With high oil prices they are very flush these days. Tie up the mega yachts in Dubai for inspection. Then hold the auctions.
My bid for a prime yacht starts at $100,000,000. But the yacht must include the yachting girls
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So, you are not only into theft, but human sex trafficking as well?
Chin is a Forever War demon.
In case you haven't noticed, we're not at war except in the fevered rhetorical dreams of the resident Moscow lobby.
Amusing.
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