Paywall
We may never know what Euroclear, which holds 191bn of 260bn in frozen Russian assets, thinks is wrong with using those assets to backstop Ukranian debts.
Can you imagine the damage to Euroclear’s reputation? Think of what would happen if, every time some government declared war on another, the global community froze those assets and gave them to the victim. My god, what an alarming precedent. Think what would happen to the market if those frozen assets started to move again. What would the Kremlin have to say if those assets, frozen in response to aggression, were given to the victim of that aggression? Cats and dogs living together, total anarchy.
No sure if your statement is sarcastic:) It reads like it? But yes it would be a good precedent - invade and lose your foreign assets.
Removed by mod
I absolutely refuse to use the /s tag. I tend to try to lay it on pretty thick, because specifying that you’re being sarcastic tends to ruin the comedic emphasis the sarcasm is intended to provide.
You did well in not using the /s
Another straw on the back of the collapsing western financial and monetary system. We’ll be glad to see it die.
Let them do it, use the frozen Russian assets. I’m sure Russia knows that they won’t be seeing that money again.
Let the western financial system finally fucking collapse.
