Biden is eyeing using $300B in frozen Russian assets to help Ukraine. It could backfire.

1srelluc

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The Biden administration is gearing up plans to seize $300 billion in frozen Russian Central Bank assets to fund Ukraine's fight against the Russian invasion, reports say.

Administration officials told The New York Times that talks had been held in recent weeks between government officials, diplomats, and finance ministers to use the assets, which were frozen in 2022 as part of sanctions levied on Russia over the unprovoked invasion.

The move comes amid signs that support for Ukraine in some Western countries may be waning, with billions in Ukraine aid blocked by Republicans in the House of Representatives.

According to reports, plans are being formed to announce the move on the second anniversary of Russia's invasion in February, and US officials are in discussions with allies, including France and the UK.

But the plan has its pitfalls, critics say, and there are concerns the move could undermine the global financial system.

"A powerful concern is that doing so could harm international financial stability — and the dollar and euro's status as reserve currencies — by undermining the essential trust involved in depositing reserves with other nations," the board of The Financial Times said in an editorial.


Damn, now Biden is taking up ideas put forth by CNN....Funny how their nasty dem minds have been churning since this thread.



That actually kinda funny in a "what else can we do to start a war?" type of way.....Yep, there will absolutely be blowback from this kind of thing.

If Americans wanted Ukraine to have that funding, congress should have voted for it. Biden couldn't get it through congress, so now the dems/neocons want Biden to make Americans less safe via reckless unilateral action.

So whose money is Biden gonna seize after he blows through the Russian 300 billion? Hell there won't be a country left that will invest in America.
 
Anyone seizing my savings assetts money, thats all out war Till the death. Nothing left to lose after that. Life would be miserable looking ahead as they live Fat off my life savings. I am sure Russia sees $330B the same way.
 
The Biden administration is gearing up plans to seize $300 billion in frozen Russian Central Bank assets to fund Ukraine's fight against the Russian invasion, reports say.

Administration officials told The New York Times that talks had been held in recent weeks between government officials, diplomats, and finance ministers to use the assets, which were frozen in 2022 as part of sanctions levied on Russia over the unprovoked invasion.

The move comes amid signs that support for Ukraine in some Western countries may be waning, with billions in Ukraine aid blocked by Republicans in the House of Representatives.

According to reports, plans are being formed to announce the move on the second anniversary of Russia's invasion in February, and US officials are in discussions with allies, including France and the UK.

But the plan has its pitfalls, critics say, and there are concerns the move could undermine the global financial system.

"A powerful concern is that doing so could harm international financial stability — and the dollar and euro's status as reserve currencies — by undermining the essential trust involved in depositing reserves with other nations," the board of The Financial Times said in an editorial.


Damn, now Biden is taking up ideas put forth by CNN....Funny how their nasty dem minds have been churning since this thread.



That actually kinda funny in a "what else can we do to start a war?" type of way.....Yep, there will absolutely be blowback from this kind of thing.

If Americans wanted Ukraine to have that funding, congress should have voted for it. Biden couldn't get it through congress, so now the dems/neocons want Biden to make Americans less safe via reckless unilateral action.

So whose money is Biden gonna seize after he blows through the Russian 300 billion? Hell there won't be a country left that will invest in America.
This will not "harm the global financial system" in any way that I can see and I think it's a good thing to make the russians pay for the gear being used to defeat them?

Even sets a good precedent as far as I can see.
 
This will not "harm the global financial system" in any way that I can see and I think it's a good thing to make the russians pay for the gear being used to defeat them?

Even sets a good precedent as far as I can see.

Just stuff it you limpwristed trashcan full of old diaper smelling arsejack. Its none of Americas business if Russia wants their land back From the NAZI midget.
 
The Biden administration is gearing up plans to seize $300 billion in frozen Russian Central Bank assets to fund Ukraine's fight against the Russian invasion, reports say.

Administration officials told The New York Times that talks had been held in recent weeks between government officials, diplomats, and finance ministers to use the assets, which were frozen in 2022 as part of sanctions levied on Russia over the unprovoked invasion.

The move comes amid signs that support for Ukraine in some Western countries may be waning, with billions in Ukraine aid blocked by Republicans in the House of Representatives.

According to reports, plans are being formed to announce the move on the second anniversary of Russia's invasion in February, and US officials are in discussions with allies, including France and the UK.

But the plan has its pitfalls, critics say, and there are concerns the move could undermine the global financial system.

"A powerful concern is that doing so could harm international financial stability — and the dollar and euro's status as reserve currencies — by undermining the essential trust involved in depositing reserves with other nations," the board of The Financial Times said in an editorial.


Damn, now Biden is taking up ideas put forth by CNN....Funny how their nasty dem minds have been churning since this thread.



That actually kinda funny in a "what else can we do to start a war?" type of way.....Yep, there will absolutely be blowback from this kind of thing.

If Americans wanted Ukraine to have that funding, congress should have voted for it. Biden couldn't get it through congress, so now the dems/neocons want Biden to make Americans less safe via reckless unilateral action.

So whose money is Biden gonna seize after he blows through the Russian 300 billion? Hell there won't be a country left that will invest in America.
You have to remember the monthly envelopes have been interrupted. There are pools to finish.... Vacations to take..... Yachts that need repair! How can you be so selfish?😌
 
The Biden administration is gearing up plans to seize $300 billion in frozen Russian Central Bank assets to fund Ukraine's fight against the Russian invasion, reports say.

Administration officials told The New York Times that talks had been held in recent weeks between government officials, diplomats, and finance ministers to use the assets, which were frozen in 2022 as part of sanctions levied on Russia over the unprovoked invasion.

The move comes amid signs that support for Ukraine in some Western countries may be waning, with billions in Ukraine aid blocked by Republicans in the House of Representatives.

According to reports, plans are being formed to announce the move on the second anniversary of Russia's invasion in February, and US officials are in discussions with allies, including France and the UK.

But the plan has its pitfalls, critics say, and there are concerns the move could undermine the global financial system.

"A powerful concern is that doing so could harm international financial stability — and the dollar and euro's status as reserve currencies — by undermining the essential trust involved in depositing reserves with other nations," the board of The Financial Times said in an editorial.


Damn, now Biden is taking up ideas put forth by CNN....Funny how their nasty dem minds have been churning since this thread.



That actually kinda funny in a "what else can we do to start a war?" type of way.....Yep, there will absolutely be blowback from this kind of thing.

If Americans wanted Ukraine to have that funding, congress should have voted for it. Biden couldn't get it through congress, so now the dems/neocons want Biden to make Americans less safe via reckless unilateral action.

So whose money is Biden gonna seize after he blows through the Russian 300 billion? Hell there won't be a country left that will invest in America.
He did something like that on a smaller scale and other countries, realizing what he was up to, have abandoned the dollar as their currency.
But he is not a smart man and he is a lazy man so bets are off
 
It is quite understandable that Russia should pay for the damage it caused in Ukraine in this war. But some confiscation of their frozen funds in the West, without some recognized legal mechanism, will look like a theft; and it will be perceived as that by 'neutral' states.

Some international mechanism should be found to do that, via international courts, and adored by some international body (the UN General Assembly, maybe). Yeah, it will take years and no one knows what Ukraine will look like by then. But nevertheless.

And of course, the Biden administration should be swept out of office for their gross incompetence.
 
It's over . Read the Jan11 potted summary .

'Russia Literally Mocks Western Hesitation': Mitch McConnell Urges Stronger US Posturing

'Plan Failed...': U.S. Blames Zelensky Vs Zaluzhny Fight For Russia's Control On Battlefield

Top U.S. Military Expert Echoes Putin; 'Sending Aid Pointless, Ukraine Won't Win'

West Helping Putin? 'Unnerved' Zelensky's Big Warning As Russia 'Crushes' Ukrainian Army

Col. Tony Shaffer: Ukraine and Misguided Congressional Republicans.

Putin's Savage Response To EU Over U.S.-led Western Sanctions

Interest in Ukraine from the West has significantly decreased. The topic disappeared from the focus of authoritative media, and attempts by President Zelensky’s Office in 2023 to return the “Ukrainian case” back to the front pages of the media were doomed to failure.
 

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