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EU Says It Can't Seize Frozen Russian Central Bank Assets For Ukraine - Foreign Affairs - Nairaland

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EU Says It Can't Seize Frozen Russian Central Bank Assets For Ukraine by Vl3ly: 1:44pm On Dec 01, 2022
��EU officials said the bloc can’t confiscate tens of billions of euros worth of frozen Russian central-bank funds to pay for Ukraine’s reconstruction.

European Commission officials said that because of the international principle of state immunity, they were unable to confiscate central-bank assets, but were now proposing that member states and their international partners establish a fund to manage the liquid assets and set aside profits from those investments for Ukraine’s rebuilding plans.

The U.S. is facing its own challenges in trying to reappropriate frozen Russian funds to finance Ukraine’s war effort and eventual rebuilding

With the war dragging on and the costs of war damage to Ukraine reaching $600 billion, Western officials have been exploring ways to raise funding for Ukraine

Re: EU Says It Can't Seize Frozen Russian Central Bank Assets For Ukraine by Nobody: 2:02pm On Dec 01, 2022
Lame excuse to backtrack after bragging to seize them for Ukraine rebuild. Russia already threatened to also use their frozen in Russia which is more than triple in reciprocal measures. Did they not know of immunity of sovereign assets before they started the bravado?

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Re: EU Says It Can't Seize Frozen Russian Central Bank Assets For Ukraine by Otobong3374(m): 2:41pm On Dec 01, 2022
Useless Propaganda Useless Poster
Re: EU Says It Can't Seize Frozen Russian Central Bank Assets For Ukraine by Vl3ly: 4:56pm On Dec 01, 2022
Otobong3374:
Useless Propaganda Useless Poster
slave indeed

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Re: EU Says It Can't Seize Frozen Russian Central Bank Assets For Ukraine by StoicAdvisor: 12:59am On Dec 02, 2022
Anything to end western hegemony, count me in. The west has lost its trust forever just by its actions of seizing Russia's sovereign funds/properties. Russia should in kind, seize western properties in its territories as well, it's only fair.

It is either we all treat each other in a civil manner, or the law of the jungle applies. Ultimately, the last grip of western hegemony is over, and all Africans and people under imperialism can do is jubilate, the end is near.

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