1
G7 agrees on transfer of $50 billion in profits from frozen Russian assets to Ukraine
(kyivindependent.com)
this post was submitted on 13 Jun 2024
1 points (100.0% liked)
Ukraine
8068 readers
58 users here now
News and discussion related to Ukraine
*Sympathy for enemy combatants in any form is prohibited.
*No content depicting extreme violence or gore.
Donate to support Ukraine's Defense
Donate to support Humanitarian Aid
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
They probably can, but it's a further escalation in sanctions and would set a precedent that investments in another country aren't safe.
By holding them, it also gives an incentive to end the war. Stop the war and get 300 billion back!
Edit: someone else referred to it as the carrot (held money) and the stick (donated weapons). Carrot and stick is better than stick and stick. Better up to a point anyway...
I mean didn't Russia already seize foreign companies, so the precedent is set?
The precedent that that is setting, is that it is not safe to invest in Russia. If the EU does this, the precedent is that the EU is not safe to invest in.
Russia's economy is a dwarf compared to the EU or USA.