President Trump’s rancorous threat to abandon Ukraine is stoking support for a long-debated proposal to use billions of dollars in frozen Russian assets to buy weapons for Ukraine and finance its reconstruction.
The money — roughly $300 billion owned by Russia’s central bank — was frozen by the United States, the European Union, Britain and others after Russia invaded Ukraine in February 2022. The aim was to punish President Vladimir V. Putin for his unprovoked attack and to cut off funds he could use to wage war.
As the war grinds on into its fourth year, a growing number of officials in Europe and elsewhere have been calling for the money to be released to directly compensate Ukraine.
everything ought to be transferred to Ukraine, but only the European stuff is likely to be in the near term.
that’s one thing Biden really should have done after the election.
It seems more likely now that the US will release them.
Most frozen assets, by far, reside in Europe ($217 billion (€201 billion) to $230 billion (€210 billion)), with the United States holding just a small portion ($5 billion (€4.5 billion)) and Japan also holding some.
I wouldn’t be surprised to see Trump seize Ukraine’s assets after his performance a few days ago.
Then he would come back with… “What assets? Don’t you know I’m rich? I’m a billionaire baby!”
Chat GPT: how do you transfer frozen assets to your own bank account when you’re president but without having to go to jail for that later?
First replace the head of the FBI
…
…stop giving kids covid vaccines for free.
Cancel the education department…
Their portion, probably. That still leaves at least the EU and UK.
Can we start to freeze USA assets?
We might have to. Trump wants to remove their rules for whitewashing. The purpose is probably to funnel Russian money.
That would be difficult for almost anyone to attempt. The USA is too large of a trading partner with too many nations.
How its this question still going?
Why hasn’t it been done yet?
If the assets remain frozen then they can be used as bargaining chips.
A partial transfer could be useful, but a full transfer of assets to Ukraine would be counterproductive.
Bargaining chips for what? Negotiating peace? A truce? A cease fire? There’s been ample time to do that and here we are.
I think their point is that at some point there will have to be some form of peace negotiations
If you get less value from using the money for weapons than for using it as leverage in negotiations, then it’s a bad trade-off
Ah yes, because negotiations for peace with Russia worked so well for Ukraine before…
And now the USA are tagging in so they can also get the spoils.
I don’t understand the point you’re trying to make here, are you arguing that we should aim to keep the war going indefinitely? Because the only way a war ends without a negotiated settlement is with the total dissolution of one of the sides in the war. I don’t see Ukraine fully annexing Russia any time soon, frankly.
The war does need to end sometime, even if that time isn’t now, and creating a peace treaty that’s self-enforcing is the only way that works. If using that money as leverage (e.g. the funds are gradually unlocked as the treaty phases progress) makes a lasting peace viable that otherwise wouldn’t be, then it’s an option worth considering.
Do you know what happened last time Ukraine had an agreement with Russia and USA?
Why would they make the same mistake?
Why are you pressing for that as it is it a valid option? Why are you ignoring what Russia and the USA did not so long ago? Are you of the opinion that trump can bring peace to Ukraine quickly?
Why are you so opposed to giving free money to Ukraine?
Well yes, I am aware that Russia has violated numerous treaties. But I’m not arguing for the treaties to be the same, not even for a peace treaty to happen now. Nor am I saying we shouldn’t give some portion of that money to Ukraine.
Are you of the opinion that trump can bring peace to Ukraine quickly?
I feel like I’m being pretty clear that I don’t think anything close to this, no? But your questions seem to be on the basis that I do.
The point I am actually making is that at some point in the future there will be some form of peace negotiations to end the war. That’s not coming from a Trump-esque “peace now because I say so” angle, but from a “every conflict ends in some form of settlement eventually” angle. The fact that this money would act as significant leverage in that scenario means that this isn’t just magic free money, but a tradeoff to be made.
That doesn’t mean it’s the wrong tradeoff, necessarily, just that to actually decide whether or not that’s the case, you do need to consider that it is one.
What if there is great value in repelling foreign invaders from your country? Ukraine needs all the funds, especially after a certain shithole country has withdrawn financial aid.
I’m not saying it’s necessarily the wrong choice to give the money to Ukraine, just pointing out that there is a tradeoff to be made.
long overdue, tbh.
Can we start with all Trump and Musk assets?
Yes, yes
