this post was submitted on 24 Feb 2025
208 points (98.6% liked)
Europe
2565 readers
2846 users here now
News and information from Europe 🇪🇺
(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)
Rules (2024-08-30)
- This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don't overly distort the content.
- No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
- Be kind to each other, and argue in good faith. Don't post direct insults nor disrespectful and condescending comments. Don't troll nor incite hatred. Don't look for novel argumentation strategies at Wikipedia's List of fallacies.
- No bigotry, sexism, racism, antisemitism, dehumanization of minorities, or glorification of National Socialism.
- Be the signal, not the noise: Strive to post insightful comments. Add "/s" when you're being sarcastic (and don't use it to break rule no. 3).
- If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
- Light-hearted content, memes, and posts about your European everyday belong in [email protected]. (They're cool, you should subscribe there too!)
- Don't evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
- No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)
(This list may get expanded when necessary.)
We will use some leeway to decide whether to remove a comment.
If need be, there are also bans: 3 days for lighter offenses, 14 days for bigger offenses, and permanent bans for people who don't show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.
If you want to protest a removal or ban, feel free to write privately to the mods: @[email protected], @[email protected], or @[email protected].
founded 8 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Good. First country to make such a pledge, as, previous actions were to freeze russian assets and use them as guarantee to secure loans for Ukraine or to use interest on seized assets for Ukraine. Before Canada takes action on this, i hope other countries will make similar pledges.
Someone awhile ago posted that this isn't necessarily a good way to do it and it logically made some sense at the time (but that was like a year ago)
Part of trying to end the war is to give reasons for it to end.
One of those reasons is the removal of sanctions.
When you're simply using the interest, or a loan backed by assets, you can always dangle the sanctioned assets as part of a benefit of ending the war. Maybe not 100% but we'll give you 80% back if you stop today, and 20% to rebuilding.
By liquidating the assets so the proceeds can be given to Ukraine, you do make it harder for the aggressor to maintain the war and win, but you've now removed an incentive to end it.
Before it's the carrot and the stick. That's usually more effective than sticks.
Granted... how long can you do the carrot and the stick if it just outright doesn't work.
Say you don't pay your speeding ticket ... now authorities temporarily takes your car. You still don't pay and have tickets for $100,000 ? ... sorry, you won't have your car back.
Comparing this to russ : a terrorist used their car to crash into a crowd + millions in damage ... do you give them a bonus ?
All of this seems crazy ... and things are getting worse week after week.
This whole thing is crazy yes, but I'm not sure you understand how sanctions work given your example.
Russia is attacking Ukraine yes, but Canada seized Russian assets that aren't part of the war, such as (made up examples) real estates, boats, businesses, money in bank accounts.
If Russia ends the war, the sanctions go away and they get those back. That's the entire point of what sanctions are.
For me the follow-up is here :
https://lemmy.world/post/26015432
WATCH: Macron interrupts Trump to correct him about Ukraine funding