USA und EU suchen nach rechtlichen Gründen für die Übertragung russischer Vermögenswerte in Höhe von 300 Milliarden US-Dollar an die Ukraine – Blinken
by TheMisterClo
USA und EU suchen nach rechtlichen Gründen für die Übertragung russischer Vermögenswerte in Höhe von 300 Milliarden US-Dollar an die Ukraine – Blinken
by TheMisterClo
29 comments
A win for everyone and the smooth brains on the American center and right can stop whining
That’s the best kind of foreign aid ever.
It would be one hell of a warning to China. China has between 1.8 to 1.9 trillion dollars in assets in the United States alone.
Just do it and tell Russia to fuck off if they try to talk legal action🤷
And they are never going to find any legal ground in order to confiscate those assets. This has been examined by lawyers for years; the answer is always ‘no’.
Why bother, Russia doesn’t obey international laws
Compensation for the destruction ruzzia has caused so far in Ukraine… duh
If there are no legal grounds for this, I feel the law should be changed. I mean isn’t the whole purpose of law if to provide justice and protection? Russia is a fundamental existential threat, maybe not directly to western countries today, but surely to Ukraine. How can we let something as trivial as laws get in the way?
Sure, we can tell someone to put on our graves “I may have died but at least we followed the law”. I’m not sure it’s worth it.
The reason this hasn’t been done since the start of the war is if US and EU do it without legal grounds it would plummet foreign confidence in the security of their assets and investments and set a precedent for transfer of US and EU assets and investments.
imagine how different the world would be if russia had fallen under world war I or world war II, if they had never gotten nuclear weapons. if they never helped china develop nuclear weapons. The world exists in a very strange and fragile balance. The expansion of government, creation of large governments hasn’t served the world well. It’s collectivized resources into inventing weapons of war. building more weapons of war, to the point we can easily destroy ourselves. We could wipe out huge portions humanity.
“Oh I’m sorry, you and what Army is going I stop us?”
-Dave Chapelle
——US & EU
They will do it, they know they will do it, they just can’t find a way to justify it within their own laws.
And this is a prickly problem because it will severely devalue the worthiness of investment in the West, because once they have done it 1 time, people will know they will then quickly find reasons to do it to other countries for lesser reasons.
Frankly, the Russians deserve it for being dumb enough to leave their money within the western system.
Belgium alone has frozen 58 billion euro through Euroclear alone.
“Since the start of the war in Ukraine, it has frozen €58 billion worth of Russian assets and blocked €191 billion euros of Russian financial transactions.”
Seems strange that we dont already have laws on statute for infrastructure damage and personal injury that could apply in this case, which has happened to the tune of hundreds of billions in Ukraine. Its not exactly going to be tough to prove in court, Russia has freely admitted to it.
Just take them already. Where are the rich people gonna keep their money anyway? Russia? China?
What everyone is missing is there is a big difference between seized and sold.
Also fuck Russia. Slava Ukraine.
Look harder.
just turn it into a big coin and leave it outside Zelensky’s office with a sign saying “don’t steal!”
In practical terms, how would that be done? Is it in banks that would just cooperate?
Why not call local US PD? They’ve got decades of experience seizing things “legally”. 🤣
Maybe we could convert the assets into a forced interest-free loan by Russia to Ukraine with a very long payment horizon. Or lend the same amount of money to Ukraine with the Russian assets as security.
I hope that will work
Good way to destroy foreign holding in bond market. Look at the Chinese + Hong Kong holding of usd bonds and try & see who in the world can buy it all instantly.
Just remember for them it would be getting something vs nothing and you will likely see Saudi do the same given the political rhetoric.
And if you not buying bonds.. do you need to trade in USD.. then when the USD is flowing back into the US.. yah.. Weimar Republic scenario seems likely. If anything it would destroy EU and UK first as they are e every dependent and already in problems..
They sure as hell seize Americans proceeds from crime. So what’s the problem.
Massive hot take.
Honesty the only way to do it would be when Russia and Ukraine sign a peace treaty, Russia agrees that the money will be transferred to Ukraine.
If this is not in there, the money should not be given to Ukraine. It would just be a stupid move that hurts foreign investors trust so much, the damage done would probably be bigger than $300 billion
I can imagine several countries not using SWIFT in the future, so that their transactions cannot be blocked, they cannot be disconnected from the financial system… BRICS is working on creating an alternative to SWIFT.
The options to economically hurt countries using such an alternative system would be way lower, so i can imagine most developing countries using that one vs SWIFT, where one can unilaterally be sanctioned by rich countries.
What’s the estimated value of US and EU assets in Russia?
Just do it. Who gives a shit about legal. It’s a war.
Call them ‘war reparations’ owed to Ukraine by the Russian Federation. That would stand up in front of any UN tribunal.