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EU Policy. MEPs call to seize Russia’s hundreds of billions in frozen assets
Euronews ^ | 23 April 2024 | Jack Schickler

Posted on 04/23/2024 10:34:48 AM PDT by MeganC

(European Union) Lawmakers want to see more support for Ukraine as US and UK counterparts advance.

EU lawmakers have called for Russian state assets to be seized to support Ukraine, saying existing plans worth billions of euros don’t go far enough.

EU countries are already discussing plans to deliver an aid package worth around €3bn a year to Ukraine by using the interest from capital held within the bloc by the Russian central bank.

But EU lawmakers want to go further, as US counterparts finalise a €57 billion aid package for the war-torn country.

“Europe needs to seize all of Russia's underlying assets and it needs to do so now,” Włodzimierz Cimoszewicz (Poland/Socialists and Democrats) said at the final European Parliament session ahead of June elections, warning that otherwise Ukraine “may run simply out of money”.

He’s joined from across the political divide by lawmakers who think existing measures, proposed by the European Commission in March and currently being mulled by EU members, don’t go far enough.

“Every day brings new damages to Ukraine,” said Andrius Kubilius (Lithuania/European People’s Party), adding: “Russia needs to pay.”

After significant political wrangling, the US House of Representatives on Saturday agreed a significant support package for Ukraine, winning plaudits from Ukrainian President Volodymyr Zelenskyy.

But the lion’s share of Russian extraterritorial assets, some €210bn, are held within the EU, chiefly at the Euroclear depositary in Belgium.

EU foreign policy chief Josep Borrell has argued the bloc should be able to profit from Russia’s holdings so Ukraine can defend itself, rather than using expropriated assets only to fund reconstruction.

(Excerpt) Read more at euronews.com ...


TOPICS: Foreign Affairs; News/Current Events; Russia; Ukraine
KEYWORDS: assets; eu; psychomaximus; russia; ukraine
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It makes sense for the EU to use Russian assets to pay for fighting Russian aggression.
1 posted on 04/23/2024 10:34:48 AM PDT by MeganC
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To: MeganC

yep


2 posted on 04/23/2024 10:36:12 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
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To: MeganC

Some people are itching to start a wider war. There is money to be made.


3 posted on 04/23/2024 10:36:45 AM PDT by ClearCase_guy (It's not "Quiet Quitting" -- it's "Going Galt".)
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To: MeganC

They just want to wash it through Ukraine. These crooks don’t give a crap a Ukraine, except as a chop shop for their illegalities.


4 posted on 04/23/2024 10:37:37 AM PDT by HYPOCRACY (Brandon's pronouns: Xi/Hur)
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To: MeganC

Thus the petrodollar dies and the American empire falls. This is by far the stupidest thing America can do.


5 posted on 04/23/2024 10:38:42 AM PDT by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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To: wildcard_redneck

Read the title and article. This is happening in the EU, not the USA.


6 posted on 04/23/2024 10:39:53 AM PDT by MeganC ("Russians are subhuman" - posted by Kazan 8 March 2024)
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To: Allegra; AndyJackson; ANKE69; bimboeruption; Candor7; Carriage Hill; Cold_Red_Steel; dforest; ...
Buttcrack Zeepers-2

ZEEPER FOLLIES PINGLIST!
(((PING!)))

7 posted on 04/23/2024 10:44:44 AM PDT by aMorePerfectUnion
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To: MeganC
"Read the title and article. This is happening in the EU, not the USA"

Like the EU has any independence from the United States. Every member of NATO or the EU are proxy states of the U.S.

8 posted on 04/23/2024 10:46:47 AM PDT by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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To: wildcard_redneck

“Like the EU has any independence from the United States. Every member of NATO or the EU are proxy states of the U.S.”

You sound very Russian with this Russian point of view.


9 posted on 04/23/2024 10:54:27 AM PDT by MeganC ("Russians are subhuman" - posted by Kazan 8 March 2024)
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To: MeganC

“It makes sense for the EU to use Russian assets to pay for fighting Russian aggression.”

Yes, it absolutely does!

May it be so!


10 posted on 04/23/2024 10:56:36 AM PDT by Sunsong
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To: MeganC

It does make sense. The globalists see assets they can steal so they will do it. There will of course be consequences but those likely won’t be paid by the globalists or their families, at least not in the short term.

Now the little people on the other hand, including the FR war pigs, will see their saving and quality of life diminish through inflation as the petro dollar dies and other countries reuse to buy western debt or put money in western markets. But I suppose it’s totally worth it to stick it to the ruzzzians.


11 posted on 04/23/2024 11:01:41 AM PDT by RightOnTheBorder
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To: MeganC

When Biden started his craptastic alternative to MAGA called “Build Back Better” it was taken up by the majority of the EU nations. Same with the lockdowns.


12 posted on 04/23/2024 11:10:14 AM PDT by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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To: RightOnTheBorder

Russia is at war. Their oft-stated reason for this war in Ukraine is that they attacked Ukraine as an indirect way of attacking NATO.

In December 2021 the Russians demanded that NATO eject the former Warsaw Pact members from NATO membership and to allow Russia to re-establish their control of Eastern Europe.

Russia made themselves an enemy of NATO and of Europe.

The measure by the EU to use Russian assets to fund the destruction of Russia is then called for because in truth it is a defensive measure against overt Russian imperialism.

“But I suppose it’s totally worth it to stick it to the ruzzzians.”

Yes, it is. It is totally worth it to stop Russia in Ukraine rather than wait for them to move on a NATO member.


13 posted on 04/23/2024 11:10:31 AM PDT by MeganC ("Russians are subhuman" - posted by Kazan 8 March 2024)
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To: RightOnTheBorder
Having any sort of discussion with a zeeper is pointless.

But, on this topic, its one thing to freeze assets, its quite another to seize them and then use them as if they always belonged to you.

For historical parallels, treatment of Germany via the Treaty of Versailles, more recently what Go Fund Me attempted to do to donations made in support of the Canadian Trucker's Freedom Convoy.

14 posted on 04/23/2024 11:13:27 AM PDT by Tench_Coxe (The woke were surprised by the reaction to the Bud Light fiasco. May there be many more surprises)
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To: Sunsong
"May it be so!"

Using a catchphrase over and over again makes you look very stupid and unimaginative.

15 posted on 04/23/2024 11:15:03 AM PDT by wildcard_redneck (He who sacrifices freedom for security deserves neither.)
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To: MeganC

Absolutely sieze all you can, make them really pay in lives, equipment and assets.


16 posted on 04/23/2024 11:47:43 AM PDT by Midwesterner53
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To: MeganC
EU lawmakers have called for Russian state assets to be seized to support Ukraine, saying existing plans worth billions of euros don’t go far enough.

That will necessitate a move away from the dollar as the international reserve currency, and a strengthening of BRICS+.

When the USD is subject to thievery and inflation, it becomes undesirable as a reserve currency. Its reliability and stability will be subject to how the political winds blow.

Inflating the dollar helps to finance wars and stuff by devaluing the petrodollars abroad — it devalues our international debt. It also devalues the dollar in the United States. When other nations move out of petrodollars, a greater share of the inflation damage will be borne in the United States.

17 posted on 04/23/2024 3:30:09 PM PDT by woodpusher
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To: woodpusher

Read the title and article. This is happening in the EU, not the USA.


18 posted on 04/23/2024 3:33:40 PM PDT by MeganC ("Russians are subhuman" - posted by Kazan 8 March 2024)
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To: MeganC
No problem. Zelensky has his...


19 posted on 04/23/2024 3:39:32 PM PDT by moovova ("The NEXT ELECTION is the most important election of our lifetimes!“ LOL...)
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To: MeganC
“Zelensky Buys Luxury Villa in Egypt While His Soldiers Die on Frontlines">
20 posted on 04/23/2024 3:42:42 PM PDT by moovova ("The NEXT ELECTION is the most important election of our lifetimes!“ LOL...)
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