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EU reaches tentative deal on Ukraine aid coming from profits of frozen Russian assets

23 Comments

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The deal should free up to 3 billion euros ($3.2 billion) a year for Kyiv, of which 90% could be spent on ammunition and other military equipment.

This make perfect sense.

3 ( +9 / -6 )

This will hurt Belgium more than anything. EU is making their financial sector walk the plank for a lost cause.

-4 ( +5 / -9 )

Good!

300 billion USD frozen in the Federal Reserve will go a long way towards rebuilding the infrastructure and funding the Army.

3 ( +7 / -4 )

Using profits from frozen Russian assets for aid to Ukraine is a wonderful idea!

1 ( +6 / -5 )

None of, these measures appear to have worked. And the adverse consequences for many of the EU countries have been real. My guess is that this will further damage the integrity of the global financial system. And do little to improve the prospects for Ukraine in the war.

-3 ( +5 / -8 )

It sends a powerful message. Why should Russia be paid interest on frozen funds?

None of, these measures appear to have worked. And the adverse consequences for many of the EU countries have been real. My guess is that this will further damage the integrity of the global financial system. And do little to improve the prospects for Ukraine in the war.

-1 ( +6 / -7 )

Sending messages will be of limited help to Ukraine. And sending this kind of message to other countries that hold assets in the EU or US will have a deleterious impact on the attractiveness of doing so.

-2 ( +4 / -6 )

Robert NToday 08:53 am JST

None of, these measures appear to have worked. And the adverse consequences for many of the EU countries have been real. My guess is that this will further damage the integrity of the global financial system. And do little to improve the prospects for Ukraine in the war.

Weapons objectively help Ukraine in the war.

1 ( +4 / -3 )

The world should realize if the EU and Federal Reserve can arbitrarily take money from any sovereign country, no one is financially safe. This is the very reason the BRICS financial system is growing. The current global financial system should not be allowed to ruin any sovereign countries economy for any reason. It is their own money just to survive. They have been doing this with impunity.

-4 ( +3 / -7 )

None of, these measures appear to have worked. And the adverse consequences for many of the EU countries have been real.

If that were true the Russians would be welcoming these measures rather than the current attempt at trying to convince the rest of the world that the measures haven't worked.

3 ( +6 / -3 )

NealWRToday  10:29 am JST

The world should realize if the EU and Federal Reserve can arbitrarily take money from any sovereign country, no one is financially safe. 

Indeed! The world should realize that if you’re going to store your wealth in a reserve currency, you can’t behave like a jackal and murder and rape just because you want to.

Dont like it? Put your wealth in Rubles, lol. Because everyone just loves a valueless currency, right?

0 ( +3 / -3 )

arbitrarily take money from any sovereign country,

Arbitrarily? Are you kidding?

1 ( +3 / -2 )

That won't change nothing..

kyiv regime has its days numbered..

-5 ( +2 / -7 )

Arbitrarily, yes. it is.

Someone may do something you don't like to someone else but it doesn't give you the right to commit theft.

And that's what this is.

Forget for a second that most are grossly misinformed about the true circumstances of why the former took action against the latter, which actually makes this act of thievery even worse in many respects.

-3 ( +2 / -5 )

Good news! Let's get Ukraine the help she needs. What better way to do it from Russian assets.

Russia needs to understand that there are consequences for invading their neighbors.

-2 ( +2 / -4 )

Forget for a second that most are grossly misinformed about the true circumstances of why the former took action against the latter

Russia invaded Ukraine. We aren't going to just suddenly forget that fact. Say, have you changed a lot of Western minds through your efforts?

-1 ( +3 / -4 )

The current global financial system should not be allowed to ruin any sovereign countries economy for any reason. 

Russia's economy is getting ruined?

Also, there is a very good reason for this. Russia invaded Ukraine. Let's not forget that.

-1 ( +3 / -4 )

The current global financial system should not be allowed to ruin any sovereign countries economy for any reason. 

I'm ok with Russia's economy being ruined - they destabilized the global economy with their invasion of Ukraine. That requires accountability. It's the only way to re-stabilize the economy that Russia has disrupted in pursuit of Putin's legacy.

-1 ( +3 / -4 )

kyiv regime has its days numbered..

What's the over/under on that number being three days?

-3 ( +1 / -4 )

Forget for a second that most are grossly misinformed about the true circumstances of why the former took action against the latter, which actually makes this act of thievery even worse in many respects.

If your cause were just, you wouldn't need to be vague on your specifics.

Notice how we call out Putin and Russia explicitly? It's because we don't need to be vague in order to hide behind questions we don't like the answers to.

-1 ( +3 / -4 )

The frozen Russian funds are $225b but they're drip feeding a meagre $3b to help Ukraine.

Ukraine is on a defensive footing and need all they can get to hold the Russian advances.

From body cam footage I've seen, it looks like a modern WW1 trench grinder of mud and shell-shock.

The Korean War ended up the same in 1953, and no progress has been made since.

-2 ( +0 / -2 )

If that were true the Russians would be welcoming these measures rather than the current attempt at trying to convince the rest of the world that the measures haven't worked

Are they? I think we can objectively see that they havent worked and that many EU countries have suffered adverse consequences. Of course Russia doesnt want to see its assets confiscated and especially not used to fund Ukraine. But that doesnt mean they are achieving their initially intended purpose.

-1 ( +1 / -2 )

The Korean War ended up the same in 1953, and no progress has been made since.

And look how North Korea's economy has fared under their dictator...

0 ( +2 / -2 )

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