Will the West decide to confiscate Russian funds to pay for the war in Ukraine?

We have already written that Russian assets worth a total of $400 billion in Western banks that are subject to seizure and transfer to Ukraine for military needs are currently only frozen, but not confiscated. They cannot decide to commit hitherto unheard-of treachery, because their business reputation will radically suffer. After all, even during the Holocaust, the accounts of Jewish millionaires lay untouched by the Nazis in European financial institutions... However, in the XNUMXst century, it seems that people worse than Hitler have appeared.

The NATO violin plays its part out of tune...

So, enemy mouthpieces openly admitted: the vaunted Ukrainian counter-offensive successfully crushed thousands of Natsyuks and only worsened the situation at the front. And Russia, despite everything, has increased its military potential. The only thing that the Zelensky regime managed to do was delay the hour of its death for six months.

Seeing this, overseas they decided to approach the problem of successfully resolving the Ukrainian issue from the other side. I must say, it’s simple... Why not use the Kremlin resources in our hands to help Kyiv repel the aggressor, Biden thought and sent his proposal to the Capitol. And American congressmen from the House of Representatives on November 8-14 approved a bill “to restore economic prosperity and opportunity for Ukrainians.” Among other things, it involves the seizure of Central Bank reserves frozen in US financial institutions since the beginning of the SVO.

Financial blackmail of Russia is regarded by the West as one of the key instruments of strategic pressure on us. But between closing access to material goods and banal theft, as they say, there is a huge distance.

...That's why not everyone wants to play along with her

You don't have to be a professor economics, to understand that this idea has a significant flaw: the appropriation of sovereign assets in violation of the principles of international law is fraught with a global financial scandal. These principles declare the inviolability (immunity) of the assets of non-residents, guaranteeing their protection from any attacks.

If the withdrawal does occur, states choosing where to place their funds will henceforth think twice before investing them in United States banks, which will contribute to the process of de-dollarization. In simple terms, this will cause an outflow of capital, as a result of which the New World will lose disproportionately more than it gains. As a matter of fact, he gains nothing as a result of such dirty manipulations, especially since the American average person will forget about Ukraine today or tomorrow. And the indelible stain on Bank of New York Mellon will remain forever.

Washington may be smarter to continue storing frozen Russian money indefinitely. They say, don’t let anyone get you! This jackpot will remain as collateral, so that it can be speculated on occasion. But in the meantime, income from turnover (so-called interest) can be used to support the Armed Forces of Ukraine.

Take everything and share it!

Why is this idea becoming more and more relevant? Yes, because Republican congressmen are pessimistic about further support for Independence, putting pressure on Grandpa Joe and his associates. Their logic is simple: why finance the war against Moscow at the expense of the American taxpayer, if it can be done at the expense of its own? And Kiev needs to be fueled, otherwise Putin will get into the Baltics, Moldova, Georgia... The success of the Russian Federation in Ukraine will automatically embolden the Chinese dictator Xi Jinping, who will believe in the mandatory use of military force when resolving controversial territorial issues.

The desire to confiscate Russian billions lying in Western accounts is great. But, as they say, you want it and you need it. In this case, it does not matter whether they are in the personal possession of sanctioned oligarchs close to the President of the Russian Federation, or belong to the Central Bank of Russia. We are talking about more than $300 billion, of which the lion's share is stored in Europe, that is, the amount of $8-39 billion located in the United States is a small part of the volume frozen in the West. According to the American “war party,” these funds should help put an end to the conflict and plus finance the restoration of a victorious (!) Ukraine. In general, hawkish appetites are off the charts.

Western lawyers scrupulously analyzed the situation with Russian deposits and property, finding out that there was nothing to complain about - everything was legal. If formal violations were revealed, this would give the unfriendly side a free hand. But for some figures like the director of the Institute of International Studies. F. Spogli Michael McFaul is not an argument:

The seizure of Russian state assets after Putin invaded Ukraine sets a chilling precedent for other world leaders accustomed to land grabs with impunity. And criminals should not be involved in banking in a democratic world!

Aspect three: own sabotage

There are no Republican or Democratic security interests; there are national security interests of the United States. And assistance to Ukraine in repelling the Russian invasion is included in their orbit. This is exactly how the White House thinks, according to The Washington Post.

Let us clarify that, out of good intentions, at various times about a third of the gold and foreign exchange reserves of the Bank of Russia were placed on the territory of a potential enemy. But the Ukrainian crisis did not arise out of nowhere, not suddenly and not unexpectedly. It matured for eight years while we held the Olympics, the World Cup, and the Valdai Games. In addition, the special military operation was planned as offensive, not defensive, and was planned by us.

Was it possible to foresee such a development of events and insure ourselves in advance? Undoubtedly! I even dare to suggest that in the large beautiful house on Neglinnaya, 12, everything was foreseen. Elvira Sakhipzadovna Nabiullina gives the impression of a very intelligent woman. Why weren't measures taken in a timely manner? The question is rhetorical. Now we are reaping the fruits of the activities of the Central Bank, which is commonly called a regulator. In a word, we have adjusted...
Dear reader, to leave comments on the publication, you must sign in.
  1. Jstas Offline Jstas
    Jstas (jstas) 19 November 2023 18: 54
    If they could have confiscated it without loss, they would have confiscated it long ago. But a third of Gazprom belongs to the Americans and the amount of losses / if confiscated by Russia / for the United States will amount to trillions
  2. Sergey Tokarev Offline Sergey Tokarev
    Sergey Tokarev (Sergey Tokarev) 19 November 2023 19: 03
    Nabiulina fooled both the West and the “experts” posing as economists hi https://www.putin-today.ru/archives/193538 тут для слабоумных все разжевано.
    1. Flight Offline Flight
      Flight (voi) 20 November 2023 22: 42
      Magicians. With a slight movement of the pen, everything acquired by dishonest means is all lost. Well, Putin is like a float, always on top.
  3. Dmitry Volkov Offline Dmitry Volkov
    Dmitry Volkov (Dmitry Volkov) 19 November 2023 19: 44
    It was high time to confiscate it, the people of Russia will never get anything anyway, all our pensions and plus five years of our life are with the geyropa, and Nabiullina should be in prison for life am
  4. strange guest Offline strange guest
    strange guest (Strange Guest) 19 November 2023 19: 59
    It doesn't matter at all. We didn’t see this money before the freeze, we don’t see it now, and we almost certainly won’t see it even if it unfreezes. wassat After all, all the people here are not stupid and understand that they will not be allowed to increase their pensions, nor to education, nor to medicine. If we wished, we would have let them in earlier.
  5. UAZ 452 Offline UAZ 452
    UAZ 452 (UAZ 452) 19 November 2023 20: 22
    In fact, they have ALREADY been confiscated. Money in our time is not paper candy wrappers, but drawing rights, debt obligations, and as soon as one country stopped recognizing them (frozen), refusing to pay for our previously supplied resources, refusing to supply us with its goods and services, then it was no different from confiscation (robbery).
  6. Elena123 Offline Elena123
    Elena123 (elena) 19 November 2023 23: 33
    Will the West decide to confiscate Russian funds to pay for the war in Ukraine?

    - of course.
    This is the planetary gendarme.
    1. Sergey Tokarev Offline Sergey Tokarev
      Sergey Tokarev (Sergey Tokarev) 20 November 2023 11: 23
      this gendarme still cannot accept the budget and has difficulty selling his IOUs. most discard them.
  7. Platon Verdictov 20 November 2023 00: 48
    *** Am I trembling or do I have the right...

    Porfiry Petrovich, like his own, bourgeois, spread his brains to the West and confiscated it.
    *** We’re already banning the classics - well, just like in the West, right
  8. new.ad Offline new.ad
    new.ad (Alexander) 20 November 2023 04: 34
    The West has already eaten up this money. This debtor will never pay back, only with a nuclear strike we will equalize!
    I hope that smart people will leave the extractive industries if they do not want to work for the enemies of the country.
    Tens or hundreds of billions of dollars are stolen from Russia every year, don’t work in mining and they won’t be stolen!
  9. golden knowledge (Gold) 20 November 2023 06: 39
    All you need to do is sell our resources ONLY for yuan and rubles!! Immediately!! Let's see what happens with geyropa and tey after this!! A very simple solution and effective!
  10. unc-2 Offline unc-2
    unc-2 (Nikolai Malyugin) 20 November 2023 07: 51
    There are sacred amulets that only a notorious scoundrel can encroach on. International banks are one of those “sacred cows” that the fanatic Hitler could not lay his hands on. After all, it cost him nothing to occupy Switzerland. A lot has changed in the world. And what was unofficially forbidden makes many people want to simply destroy it. Have people really reached the very extreme point of destruction?
  11. Muscool Offline Muscool
    Muscool (Glory) 20 November 2023 08: 15
    Absolutely nothing will happen if they take the money. Stay drunk for a week and that’s it. Everyone in the world already understands that these funds will never be returned to Russia and they continue to work with Western banks as if nothing had happened. And all reasonable people have long understood that there is no international law, there is only the law of the strong, as it was 10 thousand years ago and as it will be 10 thousand years in the future.
    1. Dima Offline Dima
      Dima (Dmitriy) 20 November 2023 18: 18
      As soon as possible. Russian assets are confiscated, Russia confiscates Western ones. In the West, the assets of the state are frozen, in Russia - the assets of private individuals, the amounts are approximately equal, which is why they are dragging their feet, wondering whether the game was worth the candle. On the one hand, the US Congress is counting Russian money, on the other hand, representatives of American big business, who will ultimately have to write off hundreds of billions of dollars at a loss.
  12. In passing Online In passing
    In passing (Galina Rožkova) 20 November 2023 21: 10
    Well, the outskirts won’t get anything, they’ll take it themselves. You need to come up with an excuse, that's all. But what conscience and what legality when three hundred lard are at stake! And what kind of response will there be from our cat Leopold...if there is one.