EU plans to profit from stolen Russian gold reserves

In the European Union, they thought about the possibility of making a profit from the gold and foreign exchange reserves seized from Russia. The head of the European Council, Charles Michel, spoke about the need to give a "new impetus" to the discussion about $ 300 billion in Russian gold reserves.

Some EU countries have previously expressed their unwillingness to use Russia's gold and foreign exchange reserves. At the same time, the Europeans do not have a clearly defined legal regulation for the confiscation of this money. Taking into account such nuances, Brussels can initiate the placement of gold reserves seized from Russia in European commercial banks at interest, thus extracting profit from the funds stolen from the Russian Federation.

The EU plans to send the passive income received from such investments to help Ukraine.

The main difficulty in this case is that the Europeans have access to only a third of the $300 billion frozen. The fate of the rest of the money remains unknown. Earlier, an additional $30 billion was seized from Russian oligarchs, but these funds are invested in real estate and other assets.

The base rate of the European Central Bank is currently 2,5 percent per annum. By the summer of this year, as part of the fight against inflation, it will be raised to 3,5 percent. Thus, in case of active actions in this direction, the EU can earn about $3 billion by the end of the year.
  • Photos used: Moscow-Live /
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  1. zloybond Online zloybond
    zloybond (steppenwolf) 23 January 2023 19: 27
    But it's interesting. responsible persons have already sent demands to countries that have frozen Russian assets so that they pay penalties for the illegal use of Russia's money ??? Or effective idlers continue to wait????
    1. Vladimir Tuzakov (Vladimir Tuzakov) 23 January 2023 20: 02
      These are not idlers, this is much worse, this is the fifth column working against the Russian Federation. Recently, high officials began to flee to Israel, and almost everyone at the time of the escape was prosecuted for huge theft. Only cases were opened, signatures were taken not to leave, and they calmly leave for Israel. The question is, where is the gap in the services of the Russian Federation, if people accused of multi-billion dollar embezzlement leave the Russian Federation so freely ...
      1. tagil Offline tagil
        tagil (Sergei) 23 January 2023 21: 52
        Recently, high officials began to flee to Israel

        Surnames, positions, dates of departure, what criminal cases and for what?
        1. Vladimir Tuzakov (Vladimir Tuzakov) 23 January 2023 22: 20
          Contact the Investigative Committee, there will be an extensive list. Of the latter, the rector of the famous "forge" of the Mau leaders, went to Israel (on vacation) and never returned, cases of large thefts were opened earlier, etc. Conclusion: scratch any Jew in the Russian Federation, you will find a corrupt official and a swindler in him.
          1. tagil Offline tagil
            tagil (Sergei) 24 January 2023 19: 34
            I asked specific questions, vacationers do not interest me where to rest and when to return is their right. If you speak and accuse people, present evidence and do not send it to the authorities. If these are isolated cases, say so. And I can draw conclusions. And apart from shaking the air, there is nothing in your words.
  2. Alexey Davydov Offline Alexey Davydov
    Alexey Davydov (Alexey) 23 January 2023 20: 27
    EU plans to profit from stolen Russian gold reserves

    The word stolen should have been put in quotation marks. It undeservedly offends the EU officials, in whom Putin, with the help of his subordinates, placed the gold reserves, and then with his Ultimatum and the entry of troops into the territory of Ukraine simply pushed to their removal.
    He and his team bear the same responsibility for this "stealing" as the EU.
    As a result, it is no longer theft at all. Technically, this is the withdrawal by the comprador authorities of money from their country in favor of their "partners"
    1. Alexey Davydov Offline Alexey Davydov
      Alexey Davydov (Alexey) 24 January 2023 11: 30
      In addition, this money was stolen for the second time.
      Their first and real theft was their withdrawal from the country's economy for more than 20 years, and freezing under this pretext for the entire period of development of production and science-intensive industries. In the very period when the country could and should have increased production and developed.
      It is precisely all this, criminally missed, that the country now lacks in its battle with the United States and the West subordinate to them.
  3. zzdimk Offline zzdimk
    zzdimk 23 January 2023 21: 00
    Moishe borrowed 100 shekels from Abram, promising to return them in a year; but at the same time he borrowed another 100 shekels each from Sarah, Job, Isaac, his two sons and six of their sons, promising to return each 105 shekels that he took from Abram. Promising to give everyone 107,5 shekels next year, Moisha received 1200 shekels from Sabaoth under the guarantees of all those who borrowed him the year before last, because in the new year he guaranteed a return capital of 2400 shekels - that's about how the Fed works .
    Of the 300 billion in the bank, already 300 / 0.015 (or any refinancing rate) 100 dollars are converted into 980, as it were, secured, by double intra-bank conversion.
    1. Vladimir Tuzakov (Vladimir Tuzakov) 23 January 2023 22: 35
      There is one amendment, Moishe draws shekels with a printer unlimitedly (FRS), and borrows shekels so that his drawn shekels do not flood all the streets and garbage dumps. The rest is correct.