Posted on 12/01/2025 7:43:17 AM PST by marshmallow
Kaja Kallas said that Belgium has legitimate concerns about the risks, but the other member-states have said that they are willing to share those risks
BRUSSELS, December 1. /TASS/. The European Commission intends to make the decision on the expropriation of Russian assets at the European Council’s meeting on December 18-19, High Representative of the EU for Foreign Affairs and Security Policy Kaja Kallas told reporters.
"We are not going to leave the Council in December without the result for the financing of Ukraine," Kallas said. "Belgium has legitimate concerns about the risks, but the other member-states have said that they are willing to share those risks. So we are discussing those things, as it was said," she added.
The European Commission announced earlier that it is going to provide Ukraine with military and financial aid in 2026-2027 on account of expropriation of Russian sovereign assets under the guise of the so-called "reparation loan." The greater portion of such assets is blocked on the Euroclear platform in Belgium.
OK. But I hope the EU has the military power to back this up when Russia declares this an act of war and starts appropriating EU assets in Russia.
“Stunning and Brave” Kaja Kallas is full of gas.
Russia already has.
The Europeans hold the bulk of these funds, especially Euroclear in Belgium. To the Europeans (and Russia) this scheme looks like a bribe to Trump to get him to take Russia's side.
The Europeans may therefore preempt that part of the deal by confiscating the money themselves and using it to arm the Ukrainians.
The EU:
Looking to start a war
Looking to kill our men
Looking to disrupt the world
I think our peace president needs to focus on the US
I surprised they haven’t taken over Kaliningrad yet.
Minutes of the Moscow Committee for the Compensation of Seized Asset Victims
The following Russian Federation patents of the EU1 drug company are placed in the EU1 Compensation Trust:
....
Claimant 32 has suffered the loss of 30,000 Euros. His claim for 300 shares of the EU1 Compensation Trust has been granted.
....
A Government’s old “it’s Tuesday, let’s seize somebody’s assets!” plan…..
How to destroy the world financial system in 1 easy step.
Everyone has just learned that their nation’s foreign currency assets aren’t assets at all, but political IOUs
“I surprised they haven’t taken over Kaliningrad yet.”
With what, their good looks? They’ve already sent every weapon they had to Ukraine.
“How to destroy the world financial system in 1 easy step.”
Not really, there’s already a new one taking its place, due to these stunts. The difference is that the Globalists are being SHUT OUT of it.
But that doesn't imply we have no foreign enemies, and the foreign policy problems can come back with threat of a big war, so they can't simply be ignored.
If Trump isn't careful, he'll leave the US looking like a faithless ally and a coward, and we'll wind up in exactly the same position as we were in 1940, waiting for a sucker punch.
You are correct. We DO have enemies. They are in Brussels and London.
One they don’t have the capability, two, if they did, that’s a NATO attack on Russia proper and the participants get nuked.
The money is at Euroclear.
Euroclear is a privately owned bank. It is not an EU government entity. It operates under the supervision of the Bank of Belgium. It also has an ownership structure that includes “users” meaning depositors.
It is the owners who will be liable for any lawsuits that declare illegal action, and the suit will obviously not be filed in European courts. It will be anywhere Euroclear has a branch — that is all over Asia.
Confiscation of the Russian assets from Euroclear (btw mechanism for this is not defined, it is very possible Euroclear could move the assets to its Asia branches) by the EU will obviously trigger lawsuits. But somehow the EU thinks it is they who will be sued and thus if they can get member states to agree to share the liability, they can proceed.
It is not the EU that Russia would be forced to sue. It is Euroclear. Which contains other assets belonging to the other users (countries) who maintain deposits there — which would be most countries. For example, perhaps the remaining Chinese US treasury holdings.
It is not clear why Euroclear has not explicitly and publicly protected itself by loudly moving the assets to its Asian branches.
EC just can’t resist grabbing that Ukrainian tar baby.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.