US mulls seizing $300 billion in frozen Russian assets for Ukraine | DW News
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- Опубликовано: 28 май 2024
- The United States is reportedly looking into the possibility of seizing some 300 billion dollars in frozen Russian assets. The Biden administration is exploring the idea as future US funding remains caught up in a domestic budget dispute.
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00:00 Intro and report
02:30 DW speaks with Anastassia Fedyk of the Haas School of Business
09:22 DW speaks with Nigel Gould-Davies of the International Institute of Strategic Studies
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#Russia #Ukraine #Congress
The main question is what russian's gold assets were doing in west banks while Russia since 2014 has been saying that all WEST was their enemy for helping Ukraine?
Great question!
Because Russia didn't think they the west wouldn't do anything and let Ukraine fall and become a puppet state.
the Russian mob hide money all over .... probably plenty in Mar-A-Lardo in FL.
Gold? I didnt see the whole video but assets are usually bonds and currency.
С чего вы взяли что русское золото находится в западных банках? Российские активы на западе это цифры в компьютере. Попробуй забери что не можешь взять физически.
America talking about International law, what a joke
Please exploit your freedom...to leave. Don't let the door hit you in the butt on your way out.
imagine how much Vietnam, Iraq and Aghanistan are entitled with US funds for the war they inflicted on their country.
Let’s not forget Serbia and Libya too, and all colonies could claim on stolen wealth from their European overlords too
The real problem is not what russia can do/claim or not, if it's legal or even it has a "good" counter measures theory behind it. The problem is how third countries are going to regard it, despite of what argument is used. What about China doing the same as retaliation for the US tariffs and providing weapons to Taiwan? what about Iraq keeping all US assets that are there after the US refuse to leave? Again and again, we in europe, and in the west at large, fail to put ourselves in other's shoes even for our own sake. Never do to others what you don't want done onto you comes to mind...
Here! We never realize that we setup rules and decide when exceptions are worthy for our interest, but when other countries do we will use whatever we can to punish them. It's a one-sided setup and a source of poverty worldwide. Either you really have a very strong inflexible rules for all or you understand all countries need that flexibility not just us
Russia is a rogue state acting persistently outside the boundaries of international law. In so doing, they forfeit their guarantees under said law until compliance and reparations do take place.
Well then better not to attack your neighbors and destroy their cities then. Who else is going to pay for rebuilding the country?
@@princeosars3298 different things, if you really think it makes sense, well, go for it and make an international court ruling make the decision. It's the job of courts not governments nor people to decide whose assets should be confiscated to compensate what. If you feel there is no entity responsible for it, then congratulations, you found an international legal vacuum, and we should fill it with equal rules to all.
Doesn't make sense Russia gets their assets confiscated for indiscriminately attacking Ukrainian cities while Israel makes collective punishment their business as usual policy with 0 consequences. And that's exactly the problem. The powers to be don't want to create a real system that would punish ALL, including their interests, that's why there is vacuum and that's why injustice is possible. We won't have long lasting peace until we agree on same rules for all, all the time and not just when it suits us.
@@princeosars3298I mean the USA and Europe have done it for decades, no punishment or consequences. U r a hypocrite.
No one ever mentions how the Swiss are once again very quiet when it comes to their gold reserves during wartime...pretty sure majority of Russias foreign reserves sit there
He literarly said on 4:00 that most of the russian assets are stored in Germany, France and Belgium.
@@en_kratia It is possible, that even more is stored in Switzerland, but they are very discreet about it, which is a quality, that makes Switzerland so rich. In the end of the day we are just speculating.
Swiss are supposed to be neutral. If they start following instructions from western countries, no eastern countries are ever going to deal with them. And they are going to lose half of their shady customers.
Switzerland are smart people. They don't respond to any war around the world.
Of course
It's totally precious how Peskov says seizure of Russian assets would 'violate international law and cast doubt on the inviolability of property'!
I lol’d when I heard that. These Russian talking heads are beyond delusional.
The Z criminals are nervous at losing their $$$….
So true. They've rolled into Ukraine, destroyed private land and started building condos on top of ruined cities - and selling them off.
Yeah, I mean it's not like we're talking about oil, right? ;)
On a more serious note, Russia isn't really unique in violating international law and then complaining when others do it, or threaten to do it.
It's just geopolitics 101.
The only reason we're doing this whole song and dance regarding it being a legal and political conundrum in the West, is cause we want to mitigate the fallout from seizing the assets.
The will to do it is there, the will to suffer the consequences less so. And Russia is trying to point out that we're willing to break one of our "sacred tenets", upon a lot of the trust in our banking systems is based. Are they being hypocritical? Yes. But that doesn't stop the other countries having reservations about our trustworthiness.
Well... if USA does that then very few countries will keep USD reserves.
That will for sure backfire.
Agree with freezing those assets for the rebuild of Ukraine. Could this be applied for the US as well? Some countries such as Iraq, Yemen, Vietnam, a couple more in Central and South America require some assets for rebuilding due to US intervention for their own benefit. When can we expect some justice for them as well?
They don't care those countries they destroyed hypocrisy.
So you talk about countries what attacking their smaller democratical neighbors?
don't apply your slave morality here, the master can do whatever they want. If you want to impose your value to other people, then become a master
No He is refering to countries with natural resources that US destoyed in order to steal those resources.@@user-ou9qd9no5n
Remember when the US invaded Venezuela to counter Russia and tankies influence in the region? Hol' up
How can a crime be made legal? Twisted legal logic
So countries that believe Israel is committing genocide has the right to cease Israel assets and pay it out to the Palestinians in a rapper hisense and rebuilding
No one is stopping them.
Correct but do they have balls? Russia is different. We might see mushroom clouds lol
Sure, if a country wanted to seize Israeli-owned assets as future reparations for Gaza or whatever, there isn't much anybody could do to stop them.
I thought the same thing
@@iROChakri😂😂 but we like mushroom tho
Saudi freaking out ..
De-risking by Moving 30% asset out.
AND media never want to talk about it.
Of course they do and many will follow. As others stated the West is always furious if someone doesn't follow international laws but if the West is doing it everything is fine.... So I hope that many other countries will follow and out their money in chinese or other banks not guided by the ameriturd system
@@Lumi334 most countries put it in the west because they don't trust their own countries or non west countries.
It isn't stealing it's a special reownership operation.
Russian population will fully support it as long as we call it a "special financial operation".
If only they would’ve called it “operation ukr freedom” then it would be OK
@@andrewadams6905 Good one!
I mean the Russian government says that Ukraine belongs to them so TECHNICALLY this isn’t breaking any laws you know XD
👍
But dollar is USA currency and euro belong to EU so they are owners of russian money!
Russia "says". If Russia owned Ukraine, why are they killing the people there? Destroying buildings? Ukraine was part of USSR in the past. Just like Poland and Eastern Germany. By your reasoning, Russia owns Poland and East Germany as well.
Baloney.
@@shoot-n-scoot3539 When was poland and east germany part of the soviet union? In your dreams?
"Polluter pays" is a widely accepted principle.
What if middle east countries confiscate USA and UK money to compensate the victims of 20 years of war? Taking money to pay from those who wage illegal war is a precedent that may be more expensive that just paying to repair Ukraine and Russia
And winners write the history books…..
@@westbenchmancave but assuming that's the only story is myopic.
@paladro Don't you worry about it. Russia will ensure that if the West steals this gold and cash. The West will pay dearly. Remember the Russians haven't returned the favor with regards to the Nord Stream blown up pipeline....
@@westbenchmancavethat’s not true lol plenty of losers got plenty of books by them
$300b is nothing compared to the damage it will cause to US in terms in trust in the dollar and U.S. establishment.
Russia has caused trillions of dollars in damage to Ukraine. But what about the rest? 300 billion dollars won't even come close to making up for it!
It will make China think twice about invading Taiwan which will help stabilize the dollar not to mentions possible prevent world war III.
@@colorado841Yes but also make others Countries thinking of pull out their money from the US and the EU Financial System. Every Financial Expert that has common sense has advised the US and EU Governments not to do it.
War is inevitable the West isn't doing anything to stop it.
@@colorado841 Or it will make China think twice before investing into US bounds an using the US dollar as a reserve currency.
@@colorado841
It will also make Arab oil monarchies think twice before trading in petrodollars.
Oh wait...they already stopped doing so.
So the EU doesn’t have a say,Us decides and Europe obeys 😂,not even Latin America does that.
Russia
"Breaking international law is ok for me, but not for thee."
"Seizing foreign assets is ok for me but not for thee."
Yes US mentality. Russia never did that towards West when they were funding terrorists all over the world for decades and invading countries.
Запад говорит о международном праве?
@@Dmitry..592 we don't speak orc, you need to learn a human language if you want to communicate with the civilized world.
@@olivka7560 You sound confused. Russia are already stealing western companies.
@@thegreatdane3627we totally agree!
Er fuldstændig enlig med den store danske !!! SKÅL!! På det 👍
The Russians telling anyone that is a violation of international law is the apex of irony.
Yugoslavia? Iraq? Afghanistan?
@@bachinnn9795lol 🤡🤡🤡🤡
@ManfredWernerDE Cope / cry harder
they are right tho, and ukraine started their whole mess. inform yourself before opening your mouth or in this case move your fingers.
@@bachinnn9795Milosevic was responsible for the ethnic cleansing in Bosnia, and tried to do the same in Kosovo. That’s why the free world intervened. Afghanistan hosted Al Qaida when it attacked the US. Saddam was Saddam. Strange how Russians are always on the side of corrupt dictatorships.
“International law regularly evolves” is another way of saying they change it to suit their narrative
There was a time when every precedent out there happened for the first time. That's what "evolves" means. Changing the law to suit their narrative is the Russian practice. But nice try, comrade, you will see your money back packaged exclusively as 155mm shells))
It means that when US bombs iraq on flimsy ground , then it is okay. If you want to apply international law , please make sure that US assets are also siezed for the illegal bombing of iraq.@@shortrandomusername
@@shortrandomusername And who's gonna make those, or fire those ?
@@Milo-id9qd the west, with money seized from Russia
@@shortrandomusername Internet warrior R u the one to deliver? Or your "боротьба" internet only. "I write lots of brave comments" Так переможемо 🤣
Yes make Thievery legal.
found the putler simp
@@yesterrrday4623most of the world will see it as theft and end result will be fatal for western financial system. Its not even worth thinking about.
@@yesterrrday4623 That's not how that works. They placed it there for safe keeping, not to be seized. It's a desperate move that cause trillions in capital flight.
This will be propbably one od the biggest US mistakes ever made.
The US doesn't make mistakes. These measures have already been studied by brilliant legal minds. Go read a book.
@@j.erickson8571The sanctions on Russia wasn't made by brilliant Americans too? You are a fool if you think Joe can make any brilliant move.
@@Unknown-te6dz He will be our POTUS again, whether you like it or not. Tough times for the Putin apologists.
The us always makes mistakes look at its last two wars ya brilliant minds
No, this will be the biggest mistake that Russia made))
"New legal theory" sounds very useful.
Bro American economy have faced near shut down situation twice in 2023.republicans are talking about to sack 16 lakh govt of America employee .it is only surviving on dollar dominated global financial system .Freedom to print dollar at whim and fancies .if the trust on dollar led global financial system gone then the super power status of America would automatically gone.i hope major economies like india ,china, uae and saudi arabia have already started to think about how to avoid similar kind of possibilities for them in near future .Most of the oil producing countries of opec grouping are under constant pressure from America over democracy and human rights .if such kind of major economies started to remove their financial assets from America led collective west then dollar dominated global financial system would automatically gon
@@amalchakrabarti2357 You have a very limited understanding my friend. Giving up the dollar is not an easy task as no currency is anywhere near as ubiquitous. The major economies of India, China, Saudi, and UAE, which you mentioned, hardly make up a quarter of global GDP. Most of their trade is done with other countries. To trade with other countries, they will need dollars. BRICS have talked since its inception about creating a common currency but no alternatives have been approved. This is because any shared currency would be completely dominated by China. Pretty much like how the Euro is dominated by Germany, but to a much greater extent in China's case. Also, American superpower status is not just based on the dollar. The strong dollar allows America to borrow for cheap on international markets, but the US also has a ridiculously strong military, huge oil reserves, and one of the most diversified economies in the world. Unlike China and Russia, it also has a growing population. Also, you are acting as pressure from America over democracy and human rights is a bad thing. I think you maybe should reconsider your position on that bro.
@@amalchakrabarti2357 Thank you for taking the time for such a detailed reply. Didn't a couple more countries join BRIC recently?
@@kazzamm99 Yeah but honestly you would be better paying attention to the 2nd reply not the first, because the first reply has absolutely no idea regarding global finance.
US is a rogue state, so if it is still mulling over the seizure of Russian assets, it is not because of legality but Russian retaliation.
US terror bloc seized Afghan assets after destroying the country for 20 years, because the "wrong" party won in the Afghan war.
Russia is not Afghanistan, apparently.😂
As Nike says ‘Just do it’
And how would it be if someone took everything you own because he doesn't like you??
@@duskobabic4285Remind me again what the ICC issued Putin’s arrest warrant for.
@@BrigandPrime Remind me when the USA respects international law, if you don't know, I'll tell you - only when it suits them!! Example: Ukraine - part of the territory cannot secede, Serbia - part of the territory can be seceded?!?
So what are you talking about man????
@@duskobabic4285 That’s not what the ICC issued Putin’s arrest warrant for. Try again.
@@BrigandPrime Don't play childish games. USA IS THE FIRST TO NOT RESPECT INTERNATIONAL LAW, why would anyone else respect it. In translation, if you don't understand, ICC is IRRELEVANT!!
This will only accelerate dedollarization globally.
LOL.
Isn't that theft of other people's property and against international law?? And does that mean that US property should be seized to pay for the damage caused by the US military around the world??
That would be fair then, wouldn't it??
Great idea, actually. Why is the sanctity of property more precious than the sanctity of peace or life?
No
@@alexv1190 Not ?? Because it is your country??
It can not be done like that. Either everyone will answer for their misdeeds or no one.There are no exceptions.
They ve been talking about this for more than a year. If they are not bold enough to do it, they should stop talking about it.
Well like always Europe is waiting with their decisions until the US makes the first step, they dont want to do that just by themselves.
It's because they are getting desperate.
Lol what will Russia do about it invade USA?
Times are a bit more desperate now I think
Or if they were bald enough to do it, they'd already did it.
300 billions is a good price for all ucraine? the russians may think that is a good price for them go and seize the rest of the ucranian territory. and when the United States and UE ask why? the russians can say "we bought them, for 300 billion" is a good price.
You really think that the seizing of the money will make Russian military soldiers stronger, more convinced about the "necessity" of taking over the whole of Ukraine? Really?
The Russians can think whatever they want. Except that 300bn buys a lot of weapons. They will see their money flying back to them... As 155mm))
All for a pipeline... greed. "Ukraine" is older than Russia. Their (Russian) GDP is smaller than Italy. They have some left over nukes from 40 years ago..... big deal.
Money value = trust.
No trust = No money value
If I can not trust the banks or the place where I'm saving my resources I will stop using that place. Eventually people will be migrating to another source of trust & value. Leaving that bank or place with nothing.
Countries and Companies (business) will do the same.
Just like with serivces, that only works as long as there are better options available. If the western system is still the best around then people would continue to use it.
Now banks are the greatest terrorists who threaten the business, countries and people both no power influencing on them.
Well in that case we better not anger the war criminals lest they take their deposits elsewhere!
Of course the Spokesidiot of the Gremlin would say its illegal 😂
I can't believe this hasn't been done already
Воровать привычно?
Who give you right to take someone's property?
Fear of other nations abandoning dollar💰.
I don't think EU and USA such a thieves like Zelensky and Co.
@@asdilia693fake power but only force will make them reasonable. Unfortuonly.
It is a huge difference between freezing and confiscating central bank assets. That did not even happen with German and Japanese central bank assets during WW2. It would be bad for international economy if other countries such as Saudi-Arabia, Israel, China or any other country just to reduce risk starts pulling out parts of their central bank assets from the USA and Europe.
German investments abroad were confiscated. But, since nobody is planning to invade Russia and capture Moscow, we need other ways of bringing Russia to justice.
@@andrewadams6905We can't bring Russia to justice for Georgia or Ukraine just like we can't bring the US to justice for Vietnam or Iraq. There is no justice. We look at this as some sort of pivotal moment where we are saving Ukrain from Russia's oppression once and for all, but in fact this thing has been going on for ages. And all the players are still there. Some of the small guys disappeared, however.
Why is this even a question? Russia seized international assets after the sanctions took place. This is (literally) a no brainer
Yea you are right, I forgot all about that. The pllanes
You break it, you pay for it.
How about confiscating USA assets for repairing what they have broken all over the world?
@@ludimilojko546 Even if it hasn't been clean, they have given alot, opened it's doors for whoever wanted to escape the chaos and that even to people from countries considered enemies.
They proposed this months ago, and the reason they’re stilling mulling (considering) it is because taking assets like that would set a very dangerous precedent. Our global economy relies on trust to function, and one would have to consider whether severe long term damages are worth the 300 billion of not immediately convertible assets (They cannot be immediately turned into ammo or weapons, and aid to Ukraine would still take months)
it is not taking its stealing😆
@@yesterrrday4623 its called bs😂 You're talking complete nonsense, reparations and tributes are paid by the losing side on their own, Russia did not lose, and the West just stole the money and the whole world knows about it
Call it whatever you want - it's still people taking from Russians what belongs to Russians. As the OP states, this will set a precedent of mistrust in our global economy. Arguing semantics doesn't change facts.
@@yesterrrday4623no it’s not😂.
@@yesterrrday4623what if Russia doesn’t lose the war but becomes a frozen conflict.
Will they still try and take the money or not. Reparations is when the war is over.
The US needs to get on with it.
Well then everyone is going to wonder when will their money be seized.
If they invade another country, yes.
Maybe they'll think/talk about where they put their assets, and why they're putting it there.
Ummmm not everyone dingus. Only warmongers. When you play the Game of Thrones you either win or you die.
@@ev.c6by that logic the USA/ UK owes a lot of money to a lot of people!
If Russia had known ahead of time that assets like bonds could be seized, they would have sold them and bring the money home others will notice that bonds are not as secure as said.
This would set the way other countries to pull out assets from US and Europe and localized. Because it would set examples, you might be the next.
Why would any country be next unless it illegally invaded a neighbouring sovereign country. It’s not American or European rules, it’s international law, that ‘law abiding’ countries do not invade another country because it wants that country to become part of its country, killing thousands of innocent civilians in the process. Russia wants to annex Ukraine. It wants to resurrect its empire. It has imperialist ambitions. So, we cease Russian assets that belong to the russian government and not ceasing assets from wealthy Russians. There is a difference. And also, why shouldn’t Russian assets be used to pay for Ukraine’s defence against imperialist Russia attacking their territory. 🇺🇦
Not only that... It tells to other countries: "Align with my political interests or you will be punish" countries like India can take this kind of movement as proven example to not trust the West.
Will Israeli Asset/Gold be seized too?
But can this method also be applied to Libya, Syria, Iraq, Afghanistan? Countries that did not invade any state and did not represent a danger for the USA or for Europe. I would like to remind you that even today Poland claims billions of euros for the damages of the 1939 attack
Did the US annex any one of those countries or did Ukraine try to invade a country earlier? Oh, no, that was Russia))
@@shortrandomusernameUS did more damage by not annexing them and leaving them in ruins and chaos in worse shape than they were.
@@ma228 and you can try to make your point in court. Russia, on the other hand, annexed territories of another country - something that directly violates the founding laws of the UN.
@@shortrandomusername which court exactly?! Why aren't Bush and Blair wanted by ICC?!
Wake up dude,
UN lost legitimacy long ago when Bush went to war on the pretext of weapons of mass destruction and paid no price blaming false intelligence...
Putin is a criminal. However unless you want to lock him up with Bush and Blair you are a bigot...ICC and UN are both corrupt organizations.
It is a dangerous world. Get used to it.
as per my other reply to you: the US has annexed territory from sovereign nations before. your point? that orcs are bad for not following the do as I say but not as I do? @@shortrandomusername
Every criminal thinks "theft" when his assets are confiscated for restitution.
She may be an economist, but everything she says is just politics
As the aggressor, Russia is liable for all damages. These measures would make other countries think twice before invading their neighbors and starting new criminal wars for territory.
What about the countries US/NATO has invaded during last decades? Balkan, Libya, Iraq, Afghanistan, Syria?? Or is there again some double standards in these cases?
@@claus-not-santa I regret that Milosevic, Saddam and Ghadaffi are gone? Are you ok? Btw, those countries still exist and are self governed. That's not what Russia does in Ukraine. Read a history book.
Russia is taking territories populated by Russian people - and of cause she will restore all of the damages on this territories after the war.....The stolen assets is intended to feed the Western Ukraine - where is no any damage existed.....
@@claus-not-santa whatabout whatabout whatabout whatabout. So you condemn those wars and not Russia’s barbaric war in Ukraine? Focus on that for once!
@@cskvision typical response from a hypocrite.
Great, excellent decision
I wouldn't store a penny in western banks😂
The absurdity of trying to cite things like law and trust 2 years into a war of attrition would almost be comedic, if it weren't for all the death.
We can talk about trust again when Putin is in a box.
preach!
Putin hasn't respected any laws--is sending missiles into schools and hospitals and restaurants Putin can eat sh**--take a part of the money to send more weapons save some of it for the rebuilding of Ukraine after Russians are thrown out or withdraw and Crimea is free.
Basically, you can change the law to suit you at anytime.
We may as well anticipate seizure of civilian assets.
Who knows how much further you might wish to go.
Its not as if they haven't done it in the past.
Essentially This, at any point your bank will be able to say, we are confiscating a portion of this for a war in Ukraine / Israel because of new law, applies only to anyone with less than 1000000 in their bank account , and obviously can't punish rich people , because would be bad for the economy
US might consider but they will not because it will make countries transact their money back to their own banks instead of reserves in US, because everyone will start fearing that opposing US will get their money freezed and China can seize this opportunity to promote Yuan for trade. So, while it's a huge sacrifice for Russians but still, they are not losing much. They already were ready to lose access of it.
I was wondering why haven't they already done that.
And by "everyone" you mean "everyone that seeks to invade their neighbors", so probably not a lot of countries are concerned.
“I will freezed your money”
“Noooo😢”
Thank God it’s a little more complicated than that
Especially all the rich but non-democratic Arab countries, shaking their balls, probably will grab all their money and run away like crazy. 😂
They are doing it. BERIC aims to create an alternative currency and banking system @@WRITER1000
There’s nothing to think about and the total is over 600 Billion
There is when every citizen, corporation and nation state not a firm ally of America makes a run for the bank to redraw their assets. That´s always been the dilemma with permanently ceasing frozen assets. They may not like dictators arms dealers drug lords oil barons and other despots, but they sure love all that sweet dough they bring into the economy.
I will now support any candidate in favor of stopping trades using us dollars and so will most of the world
@@1112viggoall they have to do is not invade their neighbors with anger and they wont lose assets
@@virgileusano they won't. It goes by who has the largest navy to make the trade happen in the first place. Us navy is 10x larger than all navies combined.
Very balanced reporting! Why have you not invited a 3rd guest not questioning the fact that this would be illegal and that it would have a huge impact on the global financial stability?
That's called theft.
Who gives the US and EU the right to take it and give it away? They done it to libya in 2011 200 billion just gone in a day
Really ?? Look it up how much Germany had to pay for their war damage....In my opinion
That was under UN after Germany was defeated . Russia has the veto power at UN.
Who gives Russia the right to steal the territory of Ukraine? While destroying it and killing tens of thousands of people.
According to you as in UN majority of countries voted against Isreal US should take all Isreal assets and give them to Palestine.😂 I support Israel by the way. Global finance is build on trust
@@Arnold_Slater1223 Do your research
How poor are these countries that they have to seize it just like that, All of NATO can’t fund against a single country even after sanctions? Hilarious 🤣
how poor? well Texas alone is less poor than the entirety of Russia so... that poor i suppose? its a matter of how much of their total wealth are they willing to commit, currently its substantially less than Russia has had to
Wait. What? How has this not already been done?
One of the Last nail in the coffin of SWIFT and Dollar💰Hegemony
If US really does that then say good bye to the US-dollar based world.
LOL
The dollar is going to collapse regardless. The USA is losing dominance and trust
"Making such a seizure legal". Sounds illegal to me
Of course it does, Ivan.
Invading a sovereing country because it wants to leave russian sphere of influence is what is trully illegal Vladimir
When Russia defeats Ukraine wo'nt the return of the $300 Billion be the first item on the peace treaty?
Whether Russia defeats Ukraine depends on NATO, which has an equivalent to USD 1.26 defence budget. The war will ensure Russia’s budget will remain deficit, from traditional surpluses, creating calls on Russia’s national wealth fund; especially, if, oil income is disrupted.
Should be confiscated from day 1.
The banks will get a vote of no confidence, economies will fail, and war will be even more bitter than it already is... think before you put your thoughts online for all the world to see.
The west likely thought that it would hinder peace talks. By now there's no sight of peace on the horizon and the confiscation seems the only solution for quick aid to Ukraine. Especially since US can't work its differences in congress
Ok , go there and confiscate it
Красть не хорошо
Well thats will be a crazy case of USA stealing money. Of course it will be great impact on other countries that have assets in US. After that who will want to keep their money there?
If that happens other countries would start storing their assets in something other than dollars.
Go right ahead.
@@Blodhelm *sigh* you do realize first the asset has to be siezed right?
What other asset offers the security & stability of the USD?
@@richardpark3054 something that doesn't get siezed. That was the entire point of having USD as reserve currency.
Self claimed economist? What a joke
I’m an American but when I read the title I screamed WRONG with all my strength. Stop harassing Russia and focus on cleaning corruption in Ukraine.
Wouldn't that be openly stealing money ?
Are you surprised that a country built on stolen land with stolen labor from stolen people would also steal money?
That's equivalent to war, I just hope we're ready for the consequences!
Another day, another arbitrary red line.
Take the money! Give it to Ukraine!
This should be a standard practice in case of invasions and war crimes.
Lol US would be bankrupt
israel? or only those nations that the west dislikes?
Don't set a practice that will come back to bite you later, remember America invaded Iraq, should America pay for reparations. China will likely invade Taiwan, and Chinese guys will likely be thinking of removing their billions right now... Saudi is also not that a pius country, they will be thinking as well. Nobody's hand is clean at this and in the world we are currently living, the law and history favors the rich and powerful
Absolutely!
So why didn’t Europe confiscate US assets for their invasions of Vietnam, Grenada, Iraq ?
The issue is if you seize the Russian assets nations will start selling and moving all American and European assets slowly but surely
Nah, only those with bad intentions.
And where would they move them? Nothing more stable than western countries to put your money.
@@nntflow7058they will simply keep it in their own country.
@@nntflow7058 is it when your asset can be siezed? And US and EU aren't even in a war on top of it. A proxy war maybe but certainly not a direct one.
If proxy war is enough to get asset why would they trust US or EU when they wage so many wars?
@@yesterrrday4623 then it's even worse. Because that means the west is seizing asset because they don't like something.
@@nntflow7058 safer how ! , 300billon dollars is a lot of money
Now we are thinking!
Inviabilty of property they say while violating real property in Ukraine. International law?? Who has violated that also.
I never knew you can talk so much about it without using the word STEALING. However you phrase it, that's what they want to do.
You mean like how Ruzzia illegally stole Ukrainian lands? 🤦🏻♂️
@@latino_God actually, these are both illegal, but quite different things. stealing russian assets would shake investors confindence. I think all non-western investors would consider removing their investments from the western hemisphere.
I dont think that majority of those frozen assets are actually in the US.
if you watched more than a minute of the video you would have heard that
@@yuriyl1618lol. You made my day with this comment 😂😂😂😂
À small move will start a big cascade
If EU moves on this it will damage its long term position. Other states will withdraw their assets. We would be fueling a BRICS centered financial system.
Yes and no. It would damage the EU´s longterm position but it would not fuel a BRICS centered financial system. The reason is, that russia allready seized western assets. The CCP are communist´s that stole western tech for the last decades. And the rest, maybe india, if they want to.
I am also against this, btw. Just let them frozen until this is over.
Only states that plan to blatantly violate international law - attack their neighbour, etc. would withdraw their assets. No need for others to do so. Same as no need for one to hide from Police if he didn't commit any crimes.
HORRIBLE IDEA.....this will give motivate more countries to move away from the USD
If the ICJ decides that Israel broke international law, will the same things apply to them? Israeli assets should be used to reconstruct Palestine
Hello
Of course not. Don't be daft. Your asking if the US will actually uphold moral consistency and international law.
It won't! Because they also call the shots.
Why would the ICJ decide that Israel broke international law when they are warring against their attackers?
Hamas started killing!!!
Not a single other country will invest a single cent in the west of this happens
Right, you probably will keep your money in the Russian ruble that lost half of its value last year))
How much are you willing to bet?
@@idpro83
Your head
This would destroy the banking system. No one could ever trust it again.
The final straw of the US falling down spectacularly
US and NATO stealing Russian assets, while Russia stealing US and NATO assets in return. Meanwhile, the world is turning to use Chinese Yuan. Lets go! Lets do this 😂
"confiscate" what an elegant word instead of stealing lol
Agree. Thanks .
6:53 Yeah, then deduce the 50K you spent on legal costs. That’s not a reason to hold 3 BILLION hostage!!!
Is $300 billions more for military industrial complex..😡
Is probably a good time to buy their stocks..😀
Indeed blood money..
this is to rebuild all the stuff Russia has destroyed in Ukraine.
For what? They can not even produce more .
now that is stealing
Russia is stealing lives and lands from Ukrainians
It's called compensation Igor
Russia quotes international law while openly breaking it. What a nerve.
They better pay the American Tax payers back FIRST with interest!
That's plain stealing.
just like ruSSia stealing from ukraine as they invaded.
Did you ever pay a parking or speeding ticket? Was that stealing?
@@richardpark3054 the difference is I paid my tickets in terms of the empire of the law. Nobody forcibly took my money.
seeing the US imposing new rules like that, is an amazing remembrance of who dictates and judges this so called "international law".
okay but russia already seized western money and businesses too, why cant we do it?
Why would we give it to Ukraine? Rusians stealing European assets, so we compensate Ukraine? What kind of logic is that? @@somnia3423
Damn straight 💪🇺🇸🤘
Seizure and forfeiture of property to compensate for losses isn't a "new rule". It's about as common as a legal framework gets. Were you born yesterday, perhaps?
@@somnia3423What exactly has Russia seized?
I suggest using those seized assets as collateral to extend low interest loans to Ukraine. When the war ends eventually, Ukraine and Russia can negotiate the repayment of the loan as part of the peace treaty.
Russia preaching about violating international law is just next level comedy.
Who gives the us the right to make that decision or do they just steal it? The G7 is not the worlds economy nor do they own the worlds resources or energy.
We , America, are not at war with Russia. This is not a good idea.
@calc1657 and let's stay out of it!
what a waste of everything
This should be a huge call for any manufacturers
Seizing foreign funds has huge consequences
They have been singing this since the beginning of the war! If it is that easy, they could have done it by now.
The banks are entangled with Russia.
it’s questionable decision. Other countries will not invest in West because of this
The same law is now being applied to citizens in most western countries
"seizing" - you mean "stealing" - and yes, if lawyers have spent two years trying to come up with a legal way to do it and still not managed to do so, it would indeed simply be theft.
Steal land=steal money/assets. Simple
no, it's confiscating lol
Russia is "seizing"...I mean "stealing" Ukrainian land so yes. Nothing wrong with Ukrainians "seizing" and "stealing" Russian assets.
If Ukraine isn't Ukraine's, then nothing belongs to any Russian.
It is stealing another countries assets. @@zackz4356
Shouldnt just be the US - we in Europe need to start looking at things like that as well. Also countries like Bulgaria, Czech Republic and Poland could be given incentives to pump a lot more Soviet-style weapons to send to Kiev.
LOL they have sent them already and have been destroyed even Polish PT01's are burning there, the assets are in europe . nothing to do with bidenstan, its even stated its held in europe
Breaking laws is kind of bad.
И своих солдат.
Who give you right to take someones property? That's a theft. Bank cannot decide when it gives money back and where it doesnt. You are just a bank, you have no right to do to, thats a crime
Oh absolutely EU is slacking as military aid goes. I drive on Czech Republic highways and every week see military convoy heading east.
How long the world will let Russia get away with this? Unbelievable and unacceptable.
A Criminal talking about International Law is like a Hyena talking about someone stealing its meat.
So, I wonder, will the EU try to seize Israeli funds to help these innocent civilians rebuild after the war, like they seized Russian funds to help the Ukrainian civilians?
Sadly no, but we shouldn't turn aside a good idea for Ukraine just because the EU are hypocrites on Palestine
You recon HAMAS will reimburse Israel for all of its attacks since 2007? No? Well then Israel doesn’t have to worry about it’s assets at this point
@@DeeComrade Were we being consistent, Israel would be the ones paying reparations in that conflict. 🤷🏻♂️ Hamas are terrible but they're not committing genocide right now.
@@DeeComrade Dude, you didn't think this through. Israel is the aggressor, not Palestinians. Israel has been violating international law, stealing land and oppressing Palestinians for decades.
In any case, once Hamas has paid damages, and Israel has paid for stolen Land in West Bank, for killed innocents, and for the destroyed Gaz Strip, it's Israel who's bankrupt.
@@ari54x What you call a good Idea, violates international law, it's theft. If the EU does that, it loses the last bit of credibility, and investors. Who trusts a regime that politicises their funds. So there's that, it will incite copy cats. Also, Russia has western assets too, check your sources. By international law, Russia's war is illegal, but so is Zelenskyy's shelling and bombing his own people, for 9 years and on...