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

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

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.