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EU to Surrender Russian Assets to Ukraine
Armstrong Economics ^ | 13 Jun24 | Martin Armstrong

Posted on 06/13/2024 8:51:06 AM PDT by delta7

The United States discussed plans to provide Ukraine with a loan paid out with Russian assets that have been frozen since the start of the war. The bulk of frozen Russian assets lie in Europe, and the European Union has announced its plans to “make Russia pay” by allocating those assets to Ukraine to fund its war against Russia directly.

Ukraine will receive $1.6 billion in frozen Russian assets this July, according to European Commission President Ursula von der Leyen who spoke at the Ukraine Recovery Conference 2024 on June 11. She stated that 90% of stolen Russian funds will go directly to defense, while the other 10% will be put toward the reconstruction effort. “My friends we have always said that Russia must be held accountable for its crimes and now we make Russia pay,” von der Leyen said.

I already noted that President Joe Biden said Ukraine will receive a loan of up to $3.7 billion through 2025. The elites claim these funds amount to money that the Russian oligarchs stole from the Russian people, but that is simply not the case. The West has confiscated assets from a foreign nation during a time of peace as Ukraine is not in the NATO alliance. Now the West is using those illegally confiscated assets to attack its adversary. This is complete and total economic warfare.

No one knows where the money that is packaged as Ukrainian aid actually goes. Portions are funneled back into the military-industrial complex and paid out to the very nations supplying aid. Everyone acts on the invisible hand in their own best interest. None of these aid packages were meant to be a handout, and Ukraine would suffer the repercussions.

Russia was patient as the West held their citizen’s wealth hostage. Putin has said numerous times that he is fighting a war with the West and not Ukraine at this point in time. Russia would have easily defeated Ukraine had there been no interference, and Russia would have never invaded in the first place had their been no interference (see: Minsk Agreement). Boris Johnson took it upon himself to go to Ukraine the moment peace was on the table to foil that plan.

Economic warfare is now on the table. China has been watching. Europe and the US are not at war in China, Taiwan is not in NATO, but nothing is preventing them from seizing Chinese assets over Taiwan and claiming that they are merely fighting for freedom. There is no longer respect for international law; the rules no longer apply.


TOPICS: Crime/Corruption; Foreign Affairs
KEYWORDS: assets; economicwarfare; russia; ukraine; war
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….more on Martin’s website…explains our current $10 Trillion in debt roll over due this year- it appears there will be few ( none?) buyers.

https://www.armstrongeconomics.com/armstrongeconomics101/economics/fed-holds-rate-what-tools-are-left/

1 posted on 06/13/2024 8:51:06 AM PDT by delta7
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To: delta7

This is the kind of extralegal garbage FDR pulled to get Japan to attack us.


2 posted on 06/13/2024 8:52:13 AM PDT by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
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To: delta7

European Union citizens will end up paying it since Russia will raise the price of oil.


3 posted on 06/13/2024 8:53:02 AM PDT by T.B. Yoits
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To: delta7

Its all going back to EU anyway via mercenaries getting paid.


4 posted on 06/13/2024 8:54:10 AM PDT by Bayard
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To: delta7

I understand BRICS had a very successful meeting in St. Petersburg.


5 posted on 06/13/2024 9:08:53 AM PDT by who_would_fardels_bear (Kafka was an optimist.)
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To: T.B. Yoits

...and demand hard money up front, before the oil is pumped. No credit given.


6 posted on 06/13/2024 9:18:19 AM PDT by farmguy ( )
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To: T.B. Yoits

Huge European-owned gas storage facilities in western Ukraine have been targeted by Russia. They have about 4 months to figure out from where gas supplies for winter will come and what it will cost


7 posted on 06/13/2024 9:18:58 AM PDT by silverleaf (“Inside Every Progressive Is A Totalitarian Screaming To Get Out” —David Horowitz)
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To: T.B. Yoits

European Union citizens will end up paying it since Russia will raise the price of oil.
———
Already happening, Vlad just increased his oil revenues by $70 billion when the Ukies started bombing Russian refineries. Even vegetable head Joe asked St Z to not bomb the refineries…why is the West shooting themselves in the foot? Time and Time again.

I marvel at the Western zeal in committing suicide….Vlad outsmarts them at every turn.


8 posted on 06/13/2024 9:19:04 AM PDT by delta7
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To: delta7

Who wants to invest in U.S. and the rest of the West where they can just steal it all from you? There will be no more investment from BRICS countries in the US unless it’s absolutely necessary to do business.


9 posted on 06/13/2024 9:32:38 AM PDT by BidenRegimeDissident
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To: delta7

Rollover (1981)
https://www.youtube.com/watch?v=q9d30RBJkf0


10 posted on 06/13/2024 9:39:06 AM PDT by Bobalu (I can’t even feign surprise anymore... And I am tired of the 🐂 💩!)
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To: delta7

Here we go. End of the dollar empire. Buckle up.


11 posted on 06/13/2024 9:52:01 AM PDT by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: delta7

“Surrender” is an odd choice of word in the headline.


12 posted on 06/13/2024 9:57:32 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: delta7

Welcome to Ukrainian Republic of Russian Federation

Customs Payment Office 50 meters ahead

Russia will get its money back.

Customs officials will get a percentage of EU cars exported to the Republic.

This French perfume will make fine gift to lady friend.


13 posted on 06/13/2024 10:02:40 AM PDT by Brian Griffin
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To: delta7
EU to Surrender Russian Assets to Ukraine


14 posted on 06/13/2024 10:33:06 AM PDT by Navy Patriot (Celebrate Decivilization)
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To: delta7

Martin doesn’t have a clue. He must be a putin asset...


15 posted on 06/13/2024 10:37:56 AM PDT by Sunsong
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To: delta7

““My friends we have always said that Russia must be held accountable for its crimes and now we make Russia pay,” von der Leyen said”

Her grandpa was an actual Nazi.

And this will really encourage nations around the world to park their money in EU and American banks./s


16 posted on 06/13/2024 10:39:51 AM PDT by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2024... RETURN OF THE JEDI. )
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To: who_would_fardels_bear

I understand BRICS had a very successful meeting in St. Petersburg.
———-

https://www.bignewsnetwork.com/news/274395601/delegates-from-over-130-countries-to-attend-st-petersburg-economic-forum-—kremlin-aide

…. Delegates from over 130 countries to attend St Petersburg Economic Forum
—————-

It wasn’t Brics- that sledgehammer happens in October. This was the International Russian St Petersburg Economic Forum…..140 countries actually…..crickets from our corrupted MSM…..to get a “ glimpse” of the “ future”, read Vlad’s transcripts from the event….if you can find it on Western sources.

The upcoming Brics Summit will be historic.


17 posted on 06/13/2024 11:12:12 AM PDT by delta7
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To: silverleaf

They have about 4 months to figure out from where gas supplies for winter will come and what it will cost
————-
Vlad finally took a glove off. 80 percent plus power stations are now Kaput. The Ukie Minister stated PUBLICLY 86 percent is destroyed.

All the parts are/ have been manufactured in Russia….I am sure Vlad will give them the fellow “ Slav” discount when the war is over. As large transformers ( 750K plus) are difficult to manufacture, some video out there shows Russian manufacturers cranking up production in anticipation of quickly getting the Ukie grid back up to speed post war.

This article covers the Ukie “ unplugging”.

https://johnhelmer.net/buzzer-beater-russian-general-staff-aims-at-ending-the-ukraine-by-electric-war/


18 posted on 06/13/2024 11:26:28 AM PDT by delta7
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To: delta7

Be sure to view this google video of all the cute little generators ( hundreds) power up Kiev’s shopping district, paid for with US taxpayers money no doubt.

https://drive.google.com/file/d/1U8Ulv19MckSK38r9YfToDQGoLzGdPLfH/view


19 posted on 06/13/2024 11:32:12 AM PDT by delta7
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To: E. Pluribus Unum

Good grief. In one sentence not only are Putin and Russia being depicted as innocent victims of “extralegal garbage” so as to incite attack, but so is imperial Japan in retrospect. I suggest that enthusiasm to make a point of sorts has taken your views to where you would not otherwise go.


20 posted on 06/13/2024 11:54:30 AM PDT by Rockingham
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