PsychYYZ t1_iyevzyf wrote on November 30, 2022 at 9:45 PM

Reply to comment by N01773H in The EU is looking at seizing $330 billion in frozen Russian assets and investing them — with any profits going to Ukraine by KeenlyFirst

> there is less pressure from the owners of said assets on the Russian government

Oh, I'd think if I lost a billion dollars in assets (much less 330 of them) I'd be hiring an army of thugs to be crawling up the ass of my local government officials until some changes were made.

N01773H t1_iyezws7 wrote on November 30, 2022 at 10:11 PM

If the assets are in Ukraine though, wouldn't you send said army to go retrieve your assets from Ukraine instead?

kirlandwater t1_iyf2ve0 wrote on November 30, 2022 at 10:32 PM

Ukraine is not a part of the EU so the EU would have no authority to freeze/seize assets there. This appears to just be funds that are owned by the Russian Central bank, housed within EU borders.

They’ve also seized/frozen ~$15b of Russian oligarch money but this money isn’t currently being reinvested.