The Great Heist. They didn't see it coming and now they are fucked.
>“When the reserves of the Central Bank (frozen . - Kommersant ), in general, no one could think of those who predicted what sanctions the West might apply. This is just theft,” said Mr. Lavrov during a speech to students and teachers of MGIMO.
>About half of the Central Bank's gold and foreign exchange reserves ($300 billion) were frozen due to sanctions imposed by the West in response to Russia's special military operation in Ukraine. On March 20, France blocked the funds of the Central Bank for €22 billion. In addition to freezing the assets of the Russian Central Bank, the EU disconnected seven Russian banks from SWIFT. The sanctions led to a sharp fall in the ruble, the dollar and the euro renewed their historical highs.
so because they cannot access it its is like it does not exist?
Christian Thompson
You’re a memeflaggot. Ukraine is a corrupt shithole. Zelensky is a jewrat murderer backed by the US state department/Israel/NATO. Russia will win and glorious Tsar Putin will ride to victory on the bones of your dead faggot r*ddit friends who he blew up with hypersonic missles.
Daniel Turner
Money is still there, Russia just doesnt control it. They cant make decissions how to use it.
Evan Hall
>Ukraine is a corrupt shithole. Ukraine is less corrupt than Russia
Eli Perry
>Russia kept half of it's money abroad >The west grabs those money >Now pay the debts >No not with your money
Hunter Sullivan
Russia can not use a cent of it. It's like hot bitch in porn, you know she is real but you will never get to fuck her.
Elijah Kelly
is it seized or just frozen?
Brayden Cooper
Frozen, Russia has no access to it but is still the legal owner
Owen Wilson
amazing how fast real economic managers get things under control though isn't it.
That's her. >Euromoney magazine named her their 2015 Central Bank Governor of the Year >In 2017, the British magazine The Banker chose Nabiullina as "Central Banker of the Year, Europe > she was also selected for the 2007 Yale World Fellows Program Yikes. The West seems to like her, and that's a terrible sign. >There is a belief in the Russian media that the head of the Central Bank uses brooches at public events to signal the state of the economy and the regulator's plans. In 2020, Nabiullina appeared at press conferences with a brooch of a blue wave, a dot, a tumbler, a stork. In March 2021, when the increase in the refinancing rate was announced for the first time in three years, she appeared with a hawk Sounds a lot like Madeline Allbright's brooch shit. That's a terrible sign, too.
Putin forgot to tell her about the attack, great strategist strikes again! It's all planned bros, trust me lol.
Robert Bennett
Whenever a country runs a trade surplus it accumulates foreign deposits that are used for paying commodities in Russia’s case. Those deposits are still held in the foreign banking system, so they’re subject to be frozen or seized. This is the greatest power that the west has, because if you can’t hold dollars you’re royally fucked.
Levi Thomas
Doesn't the West ruin their reputation with that? Who wants to keep assets there after that.
Michael Murphy
there is no any other alternative.
Oliver Richardson
Wow like maybe the Russian government should buy a gun and take the central bank hostage or something and get their money back you know?
> look guys freezing assets is based when it's done agsint le ebil man. > You undertand now? are you used to the idea of banks randomly seizing assets of "bad guys?" > now stop being mad at Trudeau and JP morgan/chase banks who freeze assets of individuals over ideological disagreements and peaceful protests. >and you better stay in line or else the same happens to you, your money is no longer your own. I can't be the only one who sees this, come the fuck on, it's clear as day.
Asher Gonzalez
Guess someone has to create one
Xavier Evans
All other countries, China included, have undeveloped financial markets that are subject to potential political pressures. Nobody would want to invest a substantial amount of their wealth in a foreign market that bears the risk of confiscation.
Joshua Jenkins
Of course not. That is what you are supposed to see.
Ryan Morales
It's been done for ages. It's just Russia didn't expect they get the bad boy treatment because they didn't get it in 2014. Iran, Venezuela, Afghanistan etc have all their assets frozen.
Nathaniel Wood
They can just Nuke the Federal Reserve.
Jordan Sullivan
well that is the issue, there wont ever be one because every alternative is subject to political pressure, even if say china creates one, and US will have to stop doing this because of fears of them switching to the alternative, one system will have to come out on top and we are back to square one
Jonathan Martinez
It has been gradual, freezing assets of "dictators" and other world criminals over the years, ever increasing the power monetary institutions have. But no, freezing the actual assets of whole countries and it being endlessly justified and defended wasn't common.
Jaxson Jones
extremely high quality post how do you know this?
Jordan James
>300 billion These funds will help rebuild ukraine.
Ryan Murphy
It's like when it's cold, but more so.
Carter Rivera
They could kill every single WEF operative from Klaus down but they will not because this entire thing is scripted.
Liam Powell
First they pay off the money Russia owns to western banks and rest goes to rebuild Ukraine. Sounds fair.
Jayden Perez
imagine bombing civilians and then whining about money
starting the war when UN Security Council was in session clearly showed that Russia does not adhere to any rules so no rules should apply to Russia
Leo King
The United States doesn't follow rules we force others to follow rules.
Easton Robinson
shut the fuck up you people are making things worse. The only thing Ukraine had to do was not pursue NATO. But that isn't what the US state department wanted.
Brayden Murphy
So it's basically a monopoly that can do whatever. Kinda creepy how powerful the US has become.
Adrian Butler
That's why you are seeing so much movement from the Saudis etc lately. Everyone realises their assets can just get looted for not being globo homo enough now.
Parker Phillips
They should give the money to Africans. 300 billion will build Ukraine 13 times over.