this post was submitted on 23 Apr 2024
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An ally of President Vladimir Putin warned Europe on Tuesday that Russia has already drafted legislation to retaliate if nearly $300 billion of Russian assets were seized by the West and used to help Ukraine.

After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West.

Top officials in the United States want to seize the assets to help support Ukraine, though some bankers and European officials are worried that simply taking the assets would create a dangerous precedent.

The U.S. House of Representatives passed legislation on Saturday including a bill with a provision that would allow the confiscation of Russian sovereign assets, though the lion's share of the assets are in Europe.

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[–] wewbull@feddit.uk 115 points 5 months ago (2 children)

If they want to hurt us over it, it means it will hurt them if we do it.

though some bankers and European officials are worried that simply taking the assets would create a dangerous precedent.

Just make a law that it's a 100% tax on assets identified as falling under sanctions related to a aggressive invading nation. Precedent limited.

[–] FlyingSquid@lemmy.world 90 points 5 months ago (3 children)

Imagine if we set a dangerous precedent of seizing rich people's assets if they are involved in anything nerfarious! Society would surely collapse!

[–] fluxion@lemmy.world 30 points 5 months ago

People get drafted, innocents gets killed, citizens get taxed, all considered a given when war comes knocking. But God forbid some rich oligarchs lose some percentage of their wealth over it.

[–] aeronmelon@lemmy.world 9 points 5 months ago

Don't threaten me with a good time!

[–] gregorum@lemm.ee 0 points 5 months ago
[–] 5714@lemmy.dbzer0.com 34 points 5 months ago (1 children)

Also what kind of precedent is this: "If we ever were in a war of aggression, we don't want our assets to be seized (even for the resulting damage)."

Name proposals: War of Agression Tax, Imperialism Tax, WAR (Withhold Agressors Reparation) Tax

[–] ik5pvx@lemmy.world 12 points 5 months ago (1 children)
[–] FlyingSquid@lemmy.world 8 points 5 months ago (1 children)

Huh. That's what it's good for.

[–] tate@lemmy.sdf.org 5 points 5 months ago (1 children)
[–] girlfreddy@lemmy.ca 1 points 5 months ago

heads over to Piped