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Posted on 12/08/2025 4:12:48 PM PST by Mariner
France has refused to reveal the whereabouts of €18bn in frozen Russian assets in discussions over the European Union’s future funding for Ukraine.
The majority of the cash is being held by commercial banks, which Paris has argued should be protected from the €140bn “reparations loan” for Kyiv.
Despite publicly backing a scheme which envisages using frozen Russian assets in Europe to guarantee a loan to Kyiv, France has emerged as a potential blocker by refusing to allow private, commercial banks from being plundered to aid Ukraine, according to reporting by The Financial Times.
EU member states are caught up in fractious talks over the plan to provide Ukraine with much-needed funds for the next two years.
The scheme aims to use some of the €210bn in Russian assets frozen in banks and clearing houses across the continent to guarantee the loan to Kyiv.
(Excerpt) Read more at yahoo.com ...
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Macron seems to have forgotten that Russia took massive loans from France before and during the first world war. Then the Bolsheviks repudiated the loans and they have never been repaid. Lenin said “for all the money you loaned us, we forgive you”.
And here comes the EU cutting The Zelensky loose, just as we said they would. It’s over Zeepers!
Without the US leading the charge, Europe is feckless and helpless.
Meaning Ukraine will be lucky to get 10% of what was promised.
Ukraine will crumble from within.
We need that usa france fella to comment on this one
I’m surprised the nations who seized Russia’s assets aren’t losing business and financial agreements, etc. How could they ever be trusted?
It’s because the Russian STATE assets have not been messed with.
That’s what the current debate is about.
Don’t hold your breath.
Being frozen does not qualify?
Yeah that qualifies, but they haven’t been seized.
The implication being Russia could get them back.
Seizing foreign reserve assets and coercive economic sanctions will be the downfall of western financial hegemony and ultimately the $USD as the world's reserve currency.
I’m surprised the nations who froze Russia’s assets aren’t losing business and financial agreements, etc. How could they ever be trusted?
“How could they ever be trusted?”
If you have a bank account of any kind, you trust one of them every day.
The flaw in your logic is: I'm not a country.
“The flaw in your logic is: I’m not a country. “
The rest of the nations of the world trust the US with their money above all others,
Which is baffling to me too.
This is a big deal.
The bulk of the Russian assets in Belgium are at Euroclear bank, which is a private bank. It’s not a government entity.
The way it works is the account would have to be stolen from that private bank. Many countries have assets stored there.
When the lawsuit arrives, Euroclear would not have the assets to pay the lawsuit and would have to sue the government of Belgium for extracting the Russian money. And they would be suing for more than just the Russian money. They would also sue for the withdraws by other countries that would destroy their assets under management.
Belgium is looking for an ECB backstop for these inevitable lawsuits and the ECB has said no.
Dang, I need a scorecard.
“Meaning Ukraine will be lucky to get 10% of what was promised.”
When this is all over, Ukraine will be lucky if they are allowed to keep 10% of their country.
“Ukraine will crumble from within.”
When ?
“When ?”
When the EU fails to deliver the promised financial aid.
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