Use profits from frozen Russian assets to arm Ukraine, says Ursula von der Leyen

by marketrent

11 comments
  1. Henry Foy and Alice Hancock in Brussels with Paola Tamma in London:

    *Ursula von der Leyen said windfall profits from Russian frozen assets should be used to buy weapons for Ukraine as discussions intensified between European allies about how to continue supporting the war-torn country.*

    *“It is time to start a conversation about using the windfall profits of frozen Russian assets to jointly purchase military equipment for Ukraine,” the European Commission president said in a speech to EU lawmakers on Wednesday. “There could be no greater use for that money than to make Ukraine and all of Europe a safer place to live.”*

    *Her statement is the first time the EU has linked the use of frozen Russian sovereign assets to potential weapons procurement as friction grows between western allies about how to provide financial and military support for Ukraine.*

    *Christian Lindner, Germany’s finance minister, told reporters in São Paulo that von der Leyen’s proposal was a “realistic step that is legally secure and which can be implemented quickly”, according to Reuters.*

    *The commission will present a formal proposal in two weeks, a person familiar with the discussion said.*

  2. LeMarie says that he doesn’t want to create divisions in the G20 of which russia is a part of but I have a feeling that those member states will want to use it on themselves in some way and be selfish with it. That would be a worse use case for those assets and so why should we let THEM have it?

    The security of Europe hinges on Russia being defeated, would it not make more economical sense to aid Ukraine to victory? Russia has continously threatened nearby NATO countries DURING this war so who’s to say they won’t do that I’d they win the war?

  3. …. And they are only suggesting this now… Better late than never

  4. Don’t just use the profits, use the capital – all $250bn of it. Time to get serious with Russia.

  5. They’ve been talking about this since last summer. Do it!

  6. Invest all Russian assets in AI and bitcoin. Let’s go!!

  7. Just do it already. We’ve heard this for the past two years.

  8. Just count all the lost revenue from Ukrainian land Russians occupied for past 10 years. It should line up nicely with a good chunk if not all that money.

  9. It’s not like we’re gonna give russia their assets back. Give it all to ukraine!

  10. this should have been planned long in advance of the anticipated need. isnt it governments job to plan and organise things and they cant even do that right :/ Ukraine might be fighting this war, but it is the worlds war.

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