Thatsaclevername t1_iyeurmi wrote on November 30, 2022 at 9:36 PM

Reply to comment by CodeNCats in The EU is looking at seizing $330 billion in frozen Russian assets and investing them — with any profits going to Ukraine by KeenlyFirst

That was the thing that jumped out at me too, like wtf? It would be one thing if Ukraine was in the EU and this was seed money for some form of reconstruction post-war. But it sounds like the EU is just going to take the money. I'm not sure what the expected returns on investment would be on something like this, but I'm sure it's nowhere near that 300 billion total.

The whole thing seems kinda weird.

CodeNCats t1_iyeytxd wrote on November 30, 2022 at 10:04 PM

Very weird.

I mean. It's also weird for balance sheets. Give me 300 billion of someone else's money. I promise to give them all of the returns.

Yet I have 300 billion in assets I can leverage as collateral in loans and to put in a balance sheet.

This seems like some fuckery.

Before anyone thinks I am pro-russia. Fuck Russia and fuck putin. Glory to Ukraine.