The decision is a significant step towards using the cash to aid Ukraine’s defence – but Moscow is threatening to retaliate
The EU has agreed to indefinitely freeze Russia’s sovereign assets in the bloc, as Moscow stepped up its threats to retaliate against Euroclear, the keeper of most of the Kremlin’s immobilised money.
The decision by the EU to use emergency powers to immobilise €210bn (£185bn) of Russia’s central bank’s assets marks a significant step towards using the cash to aid Ukraine’s defence.
European Council president António Costa confirmed on Friday that EU leaders had delivered on a commitment, made in October, to “keep Russian assets immobilised until Russia ends its war of aggression against Ukraine and compensates for the damage caused”.
FFS! Spend them 😝
IKR? They have doubled down at every opportunity and are literally invading European bases with drones. This is just preemptive reparations.
My brother in IRE was damn near beside himself a few days ago when there was drone activity off the coast. The Irish Times article seemed quite stoic, but I imagine the TV was blowing up with bate.
Going to pay him a visit in a few months… hopefully I can still fly my little DJI when the time comes, been dreaming of this vacation for years 😅
You can only spend once. You can spend the taxes on investment profits indefinitely.
Infinite Money Glitch?