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EUROPE - News, Alerts, Intel Releases
German Finance Minister Open to Seizing Russian State Assets to Finance Ukrainian Reconstruction
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<blockquote data-quote="Adam_Butler" data-source="post: 887" data-attributes="member: 18"><p>Released to 4 European newspapers, Christian Lindner, German Finance Minister, stated that he was open to taking seized Russian assets to fund Ukrainian reconstruction, and some proposals have already been presented to the EU and the G7 countries.</p><p></p><p>In February, after the invasion of Ukraine, the G7 countries halted transactions with Russia's central bank and froze all assets which were still within their grasp. The grand total of seized money is around $300 billion.</p><p></p><p>The Kremlin has made a statement and is calling it theft.</p><p></p><p>Source #1 <a href="https://www.reuters.com/world/kremlin-says-g7-using-russias-reserves-ukraine-would-be-outright-theft-2022-05-17/" target="_blank">Reuters</a></p><p></p><p>Source #2 <a href="https://www.brecorder.com/news/40172441/berlin-open-to-seizing-russian-central-bank-assets-for-ukraine" target="_blank">Business Recorder</a></p><p></p><p>Source #3 <a href="https://finance.yahoo.com/news/german-finmin-says-favours-using-091113076.html" target="_blank">Yahoo Finance</a></p></blockquote><p></p>
[QUOTE="Adam_Butler, post: 887, member: 18"] Released to 4 European newspapers, Christian Lindner, German Finance Minister, stated that he was open to taking seized Russian assets to fund Ukrainian reconstruction, and some proposals have already been presented to the EU and the G7 countries. In February, after the invasion of Ukraine, the G7 countries halted transactions with Russia's central bank and froze all assets which were still within their grasp. The grand total of seized money is around $300 billion. The Kremlin has made a statement and is calling it theft. Source #1 [URL='https://www.reuters.com/world/kremlin-says-g7-using-russias-reserves-ukraine-would-be-outright-theft-2022-05-17/']Reuters[/URL] Source #2 [URL='https://www.brecorder.com/news/40172441/berlin-open-to-seizing-russian-central-bank-assets-for-ukraine']Business Recorder[/URL] Source #3 [URL='https://finance.yahoo.com/news/german-finmin-says-favours-using-091113076.html']Yahoo Finance[/URL] [/QUOTE]
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German Finance Minister Open to Seizing Russian State Assets to Finance Ukrainian Reconstruction
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