Ukraine

8101 readers

575 users here now

News and discussion related to Ukraine

*Sympathy for enemy combatants in any form is prohibited.

*No content depicting extreme violence or gore.

Donate to support Ukraine's Defense

Donate to support Humanitarian Aid

founded 2 years ago

MODERATORS

[email protected]

247

G7 agrees on transfer of $50 billion in profits from frozen Russian assets to Ukraine (kyivindependent.com)

submitted 3 months ago by [email protected] to c/[email protected]

14 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 23 points 3 months ago (8 children)

While Western countries have frozen $300 billion in Russian assets, they can only access the income generated by these funds, approximately $3.2 billion, annually.

By setting up a fund with loans to be repaid using this income, countries can offer immediate support to Ukraine beyond this amount.

I wonder why they cant liquidate a percentage of any of the currently held assets? I guess most are intangible? Or some other international law preventing direct asset control

[–] Cikos 2 points 3 months ago (1 children)

i assume its an estimation on how much they can liquidate 50b assets. its an insane amount of money, my neighbor is selling their house and its still up years later.

[–] [email protected] 1 points 3 months ago

For bank interest, stock dividends, matured bonds, those are cash, so those are easy.

For stock, real estate, and other non-liquid assets appreciation, probably not so easy.

load more comments (6 replies)