ARTICLE
Bloomberg: G7, EU discuss using $250 billion frozen Russian assets for Ukraine rebuild
04/02/2024
https://euromaidanpress.com/2024/02/04/bloomberg-g7-eu-discuss-using-250-billion-frozen-russian-assets-for-ukraine-rebuild/
The G7 and the European Union are exploring a plan to leverage over $250 billion in frozen Russian central bank assets to finance Ukraine’s post-war reconstruction, sources tell Bloomberg. The strategy includes issuing debt against these assets, with discussions still at a technical level.
The G7 and the European Union are in discussions about a proposal to utilize over $250 billion in frozen Russian central bank assets as SECURITY for financing Ukraine’s reconstruction efforts, according to sources knowledgeable about the situation, Bloomberg says.
The proposal suggests that Ukraine’s allies might issue debt, secured by the frozen Russian assets, to finance the rebuilding of the war-damaged country. Advocates argue that, according to international law, Russia would likely be held responsible for reparations due to the destruction caused.
If Russia were to refuse payment, the frozen assets could then be targeted to cover the claims, according to sources.
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“utilize over $250 billion in frozen Russian central bank assets”
Kiss the intellectual property rights of Western nations goodbye.
EU company:
The Russians made us ignore your patents and copyrights.
The Russians made us buy/make knockoffs of your stuff.
They are violent brutes.
non-Western company