Posted on 10/02/2025 11:41:27 AM PDT by dennisw
During an EU summit Wednesday, leaders discussed the plan, with the idea winning support from bloc heavyweights France and Germany, according to officials involved in the discussion. However Belgium, whose approval is critical because it hosts Euroclear, reiterated concerns about the plan and sought assurances that its financial interests would be protected.
Earlier, Danish Prime Minister Mette Frederiksen, who hosted the summit, told reporters that the bloc sees financial support to Ukraine as critical. “And I think that the idea from the Commission is actually quite a good way forward,” she said.
The European plan seeks to resolve several problems simultaneously.
The EU and its allies have demanded that Russia pay reparations to Ukraine for war’s damage, though they acknowledge that the Kremlin is unlikely to agree to do so. The notion of confiscating the assets created fears that foreign investors would reduce investments in eurozone assets and worries about setting precedents.
The ECB, which oversees the euro, has a direct stake because Euroclear has moved Russian cash reserves to the central bank once the underlying Russian investments it held have come due.
Russia, meanwhile, has warned that it would retaliate if its funds were confiscated.
The EU couldn’t issue debt to fund Ukraine as it has in the past because it likely wouldn’t have won backing from Hungary and Slovakia who have grown hostile to assisting Ukraine.
With the Trump administration largely cutting off its spending on military aid for Ukraine, EU and its European partners must foot the bill for Ukraine and military assistance to it. That could easily exceed EUR70 billion—or $82 billion—based on spending over recent years. By then, support the EU has already approved for Kyiv will be running out and fiscal constraints in many European capitals make leaders wary about asking taxpayers for more.
(Excerpt) Read more at msn.com ...
That old quiz show called “Win Ben Stein’s Money” ........ This slick EU maneuver is called “Win Vlad Putin’s Money”
How much money would you deposit in a bank if you heard it stole your friend’s money?
Suicide. The Brussels guys at Euroclear are freaking out about idiots like von der Leyen and Kaja Kallas thinking about doing this.
That old quiz show called “Win Ben Stein’s Money” ........ This slick EU maneuver is called “Win Vlad Putin’s Money”
*****************************************************
Neocons and globalists absolutely revel in SEIZING OTHER-PEOPLE’S-MONEY. Historical actions similar to such “slick EU maneuvers” have let to very bad outcomes. Wars have been triggered in the past by thefts much smaller than your celebrated theft of hundreds of billions of dollars from a country.
So feel free to revel along with the EU bureaucrat parasites, neocons and globalists. I’m just hoping the seeds that are being planted by the foolish EU overlords don’t result in any bad outcomes that will affect America directly or indirectly.
Also called "Cut Euroclear's Throat"...
The EU is playing a dangerous game in their desperate bid to keep the war in Ukraine rolling
One would hope that it is just more pressure on Russia to gain negotiating leverage but this is the EU we are talking about
Who is going to pay for these Russian assets?
Their life insurance costs are going to skyrocket
Go Fund Me tried to do something similar to donations people made to the Canadian Trucker's convoy, until the threat of real lawsuits and potential criminal prosecutions came up.
$200 billion in Russian money?
I guess we’ll see how well the BRICS trade system works.
Exodus 20:15 Thou shalt not steal.
As opposed to their citizens or subjects will, most EU RULERS are determined to continue the UK/US/EU/NATO war v. Russia at any cost and beyond rationality.
So, I guess that the repeated refrain from pro-Russian posters that they didn’t care who won as long as we didn’t provide any American dollars...
...guess that isn’t so.
I don’t support this idea. Keep it locked up but don’t give it to Zelensky. And stop buying oil from Russia.
Foreign countries might think twice, but only if they consider confrontation with Europe or the US a serious possibility.
The biggest threat of "confiscation" facing ordinary investors are local tax authorities.
Plus, where else will they put the money if they are so worried about its safety? Russia? China? Brazil? LOL
If this such a great idea, why stop with Russia? Why not seize the assets of all countries who continue to do business with Russia.
Hong Kong targets creation of rival to Euroclear
Authorities explore new Asian settlement house to boost global use of renminbi
So how is China, which has confiscated the assets of its own investors, arrested some of its tycoons for obvious political reasons and intervened repeatedly in its own stock markets, suddenly a trustworthy place of investment? Even the Chinese try to bank as many assets as they can in the West, outside the reach of the CCP.
I posted an article to you - I didn't opine to you.
Are you suddenly a gifted mind-reader, and KNEW what I was thinking when I posted that news item?
I was just showing a stirring in alternates to Euroclear.
Brussels Boyz doan like dat.
If I were THESE Chinese, I would looking for a place safe from the rumblings of war coming from Washington.
The devil is always in the details.
"The EU and its allies have demanded that Russia pay reparations to Ukraine for the war's damage, though they acknowledge that the Kremlin is unlikely to agree to do so. The notion of confiscating the assets created fears that foreign investors would reduce investments in eurozone assets and worries about setting precedents." MO< But, "...EU leaders agreed to keep working on a plan to put hundreds of billions of dollars in Russian cash to use—without Kyiv ever needing to repay a cent."
So, 1) Russia has to lose the war and lose it decisively enough to back it into paying reparations to Ukraine. 2) Ukraine has to win decisively enough, to make this obvious.
Oddly though, in this time Europe is still buying Russia energy and other products, as President Trump mentioned openly.
Trump tells European leaders that buying Russian oil is helping Moscow fund war against Ukraine Independent UK, 5 September 2025How quickly the news cycle "forgets."E.U. delays new Russia sanctions as Trump demands end to oil purchases Washington Post, 17 September 2025
Trump demands NATO allies halt Russian oil purchases before new US sanctions FOX, 15 September 2025
Moreover, Europe and the US continue to buy Russian products, in spite of all the very public sanctions"
"Last year, the U.S. imported about $1.27 billion in Russian fertilizers, slightly more than the $1.14 billion in 2021. The U.S. also imported enriched uranium and plutonium from Russia worth about $624 million in 2024, compared to $646 million in 2021. Russia also exported palladium to the U.S. worth about $878 million in 2024, compared to $1.59 billion in 2021."The whole looks far more complex than the headlines and media and public pronouncements would have us believe.What Russian goods the U.S. and EU continue to import despite war in Ukraine New Voice of Ukraine, via MSN, 15 September 2025
"Mainly, nitrogen fertilizer supplies increased – by a quarter, to $66.4 million. Purchases of potash fertilizers also increased – by almost 5%, to $18.5 million in January. The US almost did not buy mixed fertilizers – it is about $613 thousand tons against 568 thousand tons previously.
"The main buyers of Russian fertilizers were China, Brazil and India."
US companies increased fertilizer purchases from Russia by 20% Ukrainian Shipping Magazine, 12 March 2025
"This result allowed exporters from Russia to take second place in Top of the leading suppliers. Canada came in first place with $325.1 million, and Saudi Arabia came in third. Compared to February 2025, shipments to the United States doubled, and compared to March 2024 - by 25%. We are talking about shipments of urea and potassium chloride."
The states are buying up massively produced in Russian fertilizers EAD, 7 May 2025
Bank robber?
Robber bank?
Never thought there was much difference.
Of course I got no sympathy for the Ruskis as I doubt if there is much ethical difference from Russian banker and banker from the west.
Kinda like lawyers in that regard.
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