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.
www.businessinsider.com
Damn, now Biden is taking up ideas put forth by CNN....Funny how their nasty dem minds have been churning since this thread.
www.usmessageboard.com
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.
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.
Biden is eyeing using $300B in frozen Russian assets to help Ukraine. It could backfire.
The move comes amid signs support for Ukraine in some Western countries may be waning, with billions in Ukraine aid blocked by Republicans.
www.businessinsider.com
Damn, now Biden is taking up ideas put forth by CNN....Funny how their nasty dem minds have been churning since this thread.
Make Russia PAY to reconstruct Ukraine and end the war with frozen assets (Poll)
On CNN they just showed a way to confiscate Russia's $300b held mostly by the EU that was sanctioned because of the Putin's war to pay "reparations" to Ukraine. I like that Idea. Here is Larry Tribe's take on it...
www.usmessageboard.com
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.
