Ukraine Seeks $300 Billion - drygt 3000 miljarder kr - of Russian Assets to Buy US Weapons
The Russian central bank assets were frozen as part of measures taken by the Group of Seven and European Union after Moscow launched its full-scale invasion of Ukraine in 2022.
They are held mainly at the clearing house Euroclear in Europe. Until now, the G-7 has only used the profits generated by the sanctioned assets to provide Ukraine with $50 billion in loans.
Germany, Luxembourg and Belgium, where most assets are held through Euroclear, remain very concerned about the idea of confiscation,
fearing its impact on financial stability as well as legal and other risks.
The European Central Bank has warned that seizing the Russian assets could destabilize the Euro system.
Using the assets could provide a solution which also benefits the US and its defense companies, one of its proponents said.
Bloomberg 12 February 2025
The specter of World War II is haunting Western attempts to seize Russian assets
Berlin has emerged as an opponent of plans to seize frozen Kremlin funds for reconstruction and military support of Ukraine
U.S.-led push to commandeer some of the nearly $300 billion of Russian central-bank assets that were frozen at the start of Russia’s war on Ukraine.
Germany fears that seizing, rather than freezing,
the funds could create a precedent and inspire new claims against them for WWII-era crimes.
https://englundmacro.blogspot.com/2024/04/the-specter-of-world-war-ii-is-haunting.html
Tillbaka till Rolfs länktips 13 Februari 2025
https://englundmacro.blogspot.com/2025/02/rolfs-lanktips-13-februari-2025.html
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