EU Announces Ability to Steal Russian Central Bank Assets

Europe will be seen as a thief and as unreliable thief in major parts of the world.

— Mark Jaspers (@MarxhasgotheUSD) January 27, 2023

It’s important to remember that throughout World War II, they never did this stuff to the Nazis.

RT:

The European Union has told member states that it has legal authority to temporarily leverage a hefty amount of Russian Central Bank assets to pay for the rebuilding of Ukraine, Bloomberg reported on Thursday, citing people familiar with the matter.

The mechanism could reportedly involve as much as €33.8 billion ($36.8 billion) of the funds frozen by the bloc as part of the Ukraine-related sanctions imposed on Moscow.

According to the EU’s Council Legal Service, the plan is legally feasible if the assets aren’t expropriated and certain conditions are met. These include a termination date, a focus on liquid assets, and clarity that the principal and interest would be returned to Russia at some point, according to people close to the discussions.

The Group of Seven (G7) and the EU reportedly failed to find a clear legal basis for simply confiscating Russian assets.

Instead, Brussels is considering the idea of pooling the frozen assets together at EU or international level to generate returns that could be used to finance the rebuilding of Ukraine.

According to a number of estimates, the Russian Central Bank’s frozen assets amount to some $300 billion worldwide. EU officials had previously said almost €34 billion ($37 billion) of the funds are sitting in EU-based deposits. The figure is, however, still under assessment.

They’re going to steal from individuals.

They’ve already been doing that. If you have a Russian name, they say you’re guilty. People didn’t pay that much attention to it when it started, some people were like “I don’t care about that guy’s yacht.” But you either have private property or you don’t. The West has abolished private property in their quest to bring democracy to the Donbass.

Or I guess now to Crimea? Russian Crimea? The Black Sea fleet? They’re going to take this anal freedom there? I guess? Is this crazy to anyone else?

Seriously, Crimea? That’s what we’re doing now?