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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (45332)	3/23/2025 8:50:57 AM
From: Les H	Respond to of 49152

Seizing frozen Russian assets is ‘an act of war,’ says Belgian PM Bart De Wever warns that handing the money to Ukraine would spook financial markets and trigger retaliation from Moscow. De Wever’s warning comes as European countries including France, the U.K. and Spain are warming to the idea of seizing Russian assets that were immobilized after President Vladimir Putin launched his full-scale invasion of Ukraine in February 2022. Their idea is to use this money itself to bolster Ukraine's defense and strengthen its leverage in peace talks with Russia. Belgium, however, has considerable skin in the game because Euroclear, the financial institution that holds the bulk of the immobilized assets in Europe, is based in Brussels. The country fears that handing over the money to Ukraine will expose Euroclear to more legal claims by the holders of those assets. Politico The money will go to the arms manufacturers in France, UK, etc. with extra funds skimmed by Ukrainian officials as a bribe to continue the war.