The European Union on Tuesday approved a plan to hand Ukraine the profits generated by frozen Russian central bank assets.
Albert Collins Robert Cray - The Dream (1987)
www.youtube.com
Lyrics excerpt...
...
Last night once again I had the dream
I tossed and I turned
That old feeling's still the same
It was so real, I woke up cold and sweating
I wonder did I call her name?
In the dream she was right there with me
Right there with me in the bed
She said, "Bobby, come and kiss me"
"Never leave me" is what she said
But when I reached out to hold her
Oh, I woke my wife instead
...
This ain't over....
Putin decree outlines Russian response to any US seizure of frozen assets
www.reuters.com
... Russia will identify U.S. property, including securities, that could be used as compensation for losses sustained as a result of any seizure of frozen Russian assets in the United States, according to a decree signed by President Vladimir Putin on Thursday.
G7 negotiators have been discussing for weeks how to best exploit some $300 billion worth of Russian financial assets, such as major currencies and government bonds, which were frozen shortly after Moscow invaded Ukraine in February 2022.
Russia's ability to mete out like-for-like retaliation if Western leaders seize its frozen assets has been eroded by dwindling foreign investment, but it may go after private investors' cash instead, officials and economists told Reuters this month.
Thursday's decree stated that the Russian Federation or central bank can ask a Russian court to determine whether its property has been unjustifiably seized and seek compensation.
The court would then order for compensation to be transferred in the form of U.S. assets or property in Russia from a list that would be drawn up by Russia's government commission on foreign asset sales.
The decree listed securities, stakes in Russian companies, real estate, movable property and property rights among the U.S.-owned assets potentially liable for seizure.
Former president Dmitry Medvedev acknowledged last month that Russia holds an insignificant amount of American state property and that any response Russia makes would be asymmetrical, focusing on private individuals' assets.
The decree also stated that assets owned by people under U.S. control could be targeted. It did not specify how being "under U.S. control" would be determined.
The assets of many foreign investors, including both individuals and major U.S. investment funds, are held in special 'type-C' accounts Russia introduced shortly after sending its army into Ukraine and being hit by a barrage of Western sanctions in February 2022. ...
Drudge Retort Headlines
Is ACB Splitting from Conservative Justices on Originalism? (55 comments)
Missouri Republicans Brawl over Clogged Toilet (30 comments)
SCOTUS Upholds Gun Restrictions on Domestic Violence Perps (29 comments)
What the Hell Is Going on with the Supreme Court's Trump Ruling? (25 comments)
U.S. Health Care Is Deeply Unequal -- and Might Get Worse (24 comments)
Video Calls are Often the Only way Jailed People can See Loved Ones (23 comments)
DeSantis Vetoes All Arts Grants in Florida (21 comments)
Russia Tells US: We Need to Talk, But Ukraine Must Be on Agenda (18 comments)