this post was submitted on 03 Apr 2024
153 points (96.9% liked)

World News

39371 readers
2138 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

From China to Saudi Arabia, countries want the EU to reject pressure to confiscate over €200 billion of Russian assets.

Countries sympathetic to Russia are demanding the EU drop any notion it might have about a wholesale confiscation of Moscow's state assets.

Representatives of China, Saudi Arabia and Indonesia are privately pushing the EU to continue resisting pressure from the U.S. and U.K. to seize more than €200 billion of Russian state assets it immobilized after February 2022's invasion of Ukraine to help Kyiv's reconstruction efforts, four officials with knowledge of the proceedings told POLITICO. 

“These countries are very skeptical about the idea,” said one of the officials, granted anonymity because the talks are so sensitive. The concern is, “this would create a precedent” ― in other words, these countries would fear they could be next to lose out.

top 17 comments
sorted by: hot top controversial new old
[–] Passerby6497@lemmy.world 82 points 8 months ago (1 children)

If China and the Saudis are against it, it's probably a good idea.

[–] Honytawk@lemmy.zip 67 points 8 months ago

They should beg Putin to leave the sovereign nation of Ukraine alone instead.

Then they will get their wish.

[–] IWantToFuckSpez@kbin.social 28 points 8 months ago (3 children)

Hmmmm why are they afraid that they could be next? Is it because their countries are run by dictators that have committed genocide?

[–] HeadfullofSoup@kbin.earth 7 points 8 months ago

More likely they fear it's going to be a problem for the genocide they want to commit in the future

[–] sylver_dragon@lemmy.world 4 points 8 months ago

The West is perfectly fine supporting genocide so long as you only do it in your own country or in a country The West is not interested in.

[–] febra@lemmy.world 1 points 8 months ago

I don't think it's genocides we have a problem with. We've committed and supported our own atrocities.

[–] ShittyBeatlesFCPres@lemmy.world 15 points 8 months ago

They’re worried about setting a precedent? War reparations are pretty fucking precedented. The Treaty of Westphalia had indemnity payments involved.

Also, I got curious and checked: the oldest peace treaty, the Egyptian–Hittite peace treaty of 1259 BC didn’t have any indemnity payments. It would have been funny if reparations were that precedented but sadly, they just basically agreed to stop fighting over Syria and made a mutual defense pact.

[–] dojan@lemmy.world 10 points 8 months ago (1 children)

They should give it to me.

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

New national lotteries. I'd buy a few tickets.

[–] FlyingSquid@lemmy.world 2 points 8 months ago

"Match 3 to win Putin's assets!"

[–] autotldr@lemmings.world 4 points 8 months ago

This is the best summary I could come up with:


Representatives of China, Saudi Arabia and Indonesia are privately pushing the EU to continue resisting pressure from the U.S. and U.K. to seize more than €200 billion of Russian state assets it immobilized after February 2022's invasion of Ukraine to help Kyiv's reconstruction efforts, four officials with knowledge of the proceedings told POLITICO.

They have already seen the EU put forward a more limited proposal to skim off the profits accrued by investing the assets, worth about €2.5-3 billion per year, with 90 percent of the proceeds going to buy weapons for Ukraine.

If so, these countries' lobbying would follow a similar playbook to the one seen since the start of the Ukraine conflict where governments which didn't necessarily come out in support for Russia did do some of Moscow's bidding nonetheless.

For example, Turkey, China and the UAE enabled Russia to avoid some Western sanctions imposed after the start of its full-scale invasion, giving its economy a boost and allowing it to finance its war machine.

And throughout the conflict, Gulf states have acted as middlemen, facilitating prisoner swaps between Russia and Ukraine and brokering a deal to allow grain exports out of the war-torn country.

Any potential but unlikely market turmoil caused by a full-scale confiscation might harm countries like the Gulf states which own huge stocks of foreign currency, Keatinge added.


The original article contains 810 words, the summary contains 224 words. Saved 72%. I'm a bot and I'm open source!