A classic case of British Media half truths.8 May 2024 15:34
From sky news:
EU have framework to use frozen Russian funds for Ukraine
European Union diplomats have agreed on a law to use windfall profits generated from Russian central bank assets frozen in the bloc for Ukraine's defence, two sources familiar with the matter have told the Reuters news agency.
In March, the EU's foreign policy chief, Josep Borrell, proposed taking 90% of revenues from Russian assets frozen in Europe and transfer them to an EU-run fund that finances weapons for Ukraine.
Some 70% of all Russian assets immobilised in the West are held in the central securities depository Euroclear in Belgium, which has the equivalent of £163bn worth of Russian central bank securities and cash.
******What they did not tell you******
They left out the fact that the Framework is optional so EU states can opt out of seizing Russian assets.
So question 1: why is it optional? Because clearly a lot of EU states are against it so they could not reach a consensus.
They want to make a big announcement to sound tough but the measures have more holes than swiss cheese. #Empty Barrels.
I will be coming back to this thread in the coming weeks