This is good news, but if I understand the article correctly, it sounds like the EU is not actually passing along the seized assets, but the interest generated on it - so e.g. a few billion per year in dividends and whatnot, as opposed to the underlying hundreds of billions they seized from Russia.
this post was submitted on 21 May 2024
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That does make it sound less good, but there's also a compelling pro-Ukrainian argument for using revenue (and other funds) rather than the seized assets for defense. It's widely agreed that Ukraine is owed those assets for reconstruction. Many want to liquidate them as an alternative to directly funding the defense effort, which could harm Ukraine's ability to rebuild after the war. So it's sort of robbing future-Ukraine to pay for the present. It's especially risky because countries tend to lose focus of things like reconstruction and get distracted by the next shiny conflict or crisis.
That obviously depends on Ukraine's allies continuing to fund their defense though.
Right. There were probably battles around that but not giving up any 'nazi gold' is a long-standing rule that makes even the worst states keep their money here. Freezing the assets and letting the interest go is bigger than it seems.
Correct.
F Yeah!
Cmon make it June 1st