Putin’s Aim To Hobble Western Banks? Massive €700 Million Seizure Days After EU’s Russian Asset Move
A Russian court ordered the seizure of assets of Commerzbank, Unicredit, and Deutsche bank. A St. Petersburg court has seized over €700mn of assets belonging to three western banks — UniCredit, Deutsche Bank and Commerzbank. The seizure is one of the biggest moves against western lenders since Moscow’s invasion of Ukraine. The Russian war on Ukraine prompted most international lenders to withdraw or wind down their businesses in Russia. Watch this to know more.
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33 comments
give back our 300 billion in gold and you can have your paper shit back
Is there something he has not declared war on.?
The assets "seized" are mostly loans to Russian institutions. This is very different to the assets frozen by the West which are real investment assets that can be realised. The west has been procrastinating about seizing these russian assets. It Putin really does seize these western bank assets ( ie mostly loans to Russian institutions) then you can be sure the doors will open to the West seizing Russia's investments.
If Russia goes ahead it will suffer far more than the West. Russia needs western investments and funding far more than the other way round. Without western investment Russia would still be a post soviet basket case.
No one in their right mind will put any money into Russia given sovereign risk unless there is a commensurate risk premium. ie, far higher interest rates for loans and bond etc. That is if you can persuade western investors at all.
All you get from the pro-russian trolls though are banalities like "Great job Russia". Yea. LOL.
now wouldn't you think the EU would have learnt by now?
EU is very good at destroying itself. They have pressed the wrong button. Well done EU for being so stupid.
It’s just the beginning. Russian companies owe 600 billions to the western banks. Soon to be nationalized.
its US fascist zionist oligarchclans, not the west !!!!
The West to seize 300 billion dollars of russian assets. 😂😊😂
Who cares
There is a big gap between 1 billion and 300 billion. Russia is going to have to do better than that.
Firstly, labour and time of the people feed the money system.
Putin will find his one side of his body will be frozen soon, unfortunately time will catch up.
£700m is very little to the whole of the West
Support Russia from Czech republic 🇨🇿🇨🇿🇨🇿🇨🇿🇨🇿
People see now EU banks can steal our money, so better to pull it all out
Russian response is pathetic. Whether they win war in Ukraine is immaterial, there economy will collapse, just like USSR. They now have an economist head of defence, who is known proponent of the planned economy. Putin has learned nothing from history.
MR PUTIN WE SALUTE YOU.
Heavy karma…the Western Banks openly took peoples money in Cyprus…somehow that has never been news. Thank you Russia
Glory be to Russia 🇷🇺
❤❤❤
Can someone with sense of reality replace Ursula and Charles Michel with people that have a sense of reality? These people live in a bubble, far away from where they should be to understand what is going on…
The west siezed 3 billion russian assets while russia oniy 700 mlillion thats not right…..
The last man standing would emerge victorious. It must be, will be and shall be Russian President Vladimir Putin.
The US and EU countries are not learning their own mistakes. The Day will come that they will not have time to turn back but to directly falling down.
Russia!
$700 million in Western assets vs the $300 billion in Russian assets held by Western banks … I’m kinda guessing that the EU will make that trade any day of the week???
I wonder if Russia seized all American and allied forces assets if they recoup there 350 billion!!
alla fine i russi si sono rotti i maroni ……
Assss buttt wipes. America does not invade countries. We , in America, have had a long line of criminals in high office . Even the presidency. This is in response to criminal governments around the world.
It is high time to put Putin out of commission. Shut him down. N.O.W.
The west is so silly
It's funny almost to the point of being hilarious that Putin is sufficiently deluded that he thinks he can actually 'win' this war in any meaningful sense.
OK ……shut the plants down and walk away. Let the unemployment rate skyrocket. Anyone wonder how long Russia can survive on it's own? While Putin is at it, ALL remaining companies in RUSSIA should pull the plug as well. Let them all convert to MILITARY SUPPLIES ….like what happened all over the world during WWI & WWII.
.