N01773H t1_iyckb0p wrote
Reply to comment by [deleted] in The EU is looking at seizing $330 billion in frozen Russian assets and investing them — with any profits going to Ukraine by KeenlyFirst
Sure. But this way Ukraine gets money and the EU still has a carrot to hold over Russia to encourage them to come to the table. Without the potential to recover the frozen assets there is less pressure from the owners of said assets on the Russian government.
On the other hand, the Russian government just introduces a few oligarchs to their favourite windows if they step out of line, so the political pressure isn't that great.
PsychYYZ t1_iyevzyf wrote
> there is less pressure from the owners of said assets on the Russian government
Oh, I'd think if I lost a billion dollars in assets (much less 330 of them) I'd be hiring an army of thugs to be crawling up the ass of my local government officials until some changes were made.
N01773H t1_iyezws7 wrote
If the assets are in Ukraine though, wouldn't you send said army to go retrieve your assets from Ukraine instead?
kirlandwater t1_iyf2ve0 wrote
Ukraine is not a part of the EU so the EU would have no authority to freeze/seize assets there. This appears to just be funds that are owned by the Russian Central bank, housed within EU borders.
They’ve also seized/frozen ~$15b of Russian oligarch money but this money isn’t currently being reinvested.
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