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  • EU to use profits from frozen Russian bank assets to help Ukraine

    From www3.nhk.or.jp

    European Union countries have agreed to use profits from Russian central bank assets frozen within the EU to provide Ukraine with military support and reconstruction aid. The EU member nations reached the deal on Tuesday. The EU is holding about 210 billion euros, or about 225 billion dollars, worth of Russian central bank assets in the region. The funds were frozen when Russia was sanctioned in response to its military invasion of Ukraine. The interest on the money is expected to provide around 3 billion euros, or around 3.3 billion dollars, per year. The EU reports it plans to use 90 percent of those profits to ... (full story)

Of course Russia will do nothing, will they?
Quoting readme
Of course Russia will do nothing, will they?
They will undoubtedly cry about how unfair it all is that you can't even illegally invade a neighboring country without facing consequences.
Student of the Markets
Soft language to hide hard facts: EU will use this money to buy weapons from corrupt deals and ship them to who ever wants them. Without concern for where those bullets, missiles and drones fly.

To hear this from the EU, when Russia is posturing their nuke capabilities is a serious cause for concern.
Break the cake
I like it, BUT also the frozen US assets should have been used to help Iraq, after the wrongful invasion. Or are we playing hypocrites here?

Spoiler: US assets were never frozen in the EU.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 2,988.0%
Quoting dchristi
{quote} They will undoubtedly cry about how unfair it all is that you can't even illegally invade a neighboring country without facing consequences.
We are not kids, things are more complicated than that, aren't they?
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  • Posted: May 22, 2024 5:05am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 3,064

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