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submitted 8 months ago by breakfastmtn@lemmy.ca to c/world@lemmy.world

The European Union has agreed to set aside billions of euros of profits from frozen Russian Central Bank assets, paving the way to allow the profits to be transferred to Ukraine, the Financial Times reported on Jan. 29, citing a draft text.

The EU proposed a plan on Dec. 12 to seize about 15 billion euros ($16.2 billion) in projected profits generated by frozen assets of Russia's Central Bank and transfer them to Ukraine.

The European Commission estimated that the plan would generate about 3 billion euros ($3.2 billion) per year, or 15 billion from 2023-2027.

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[-] Gradually_Adjusting@lemmy.world 4 points 8 months ago

Not necessarily, if they pick their battles carefully around places the west couldn't give a shit about. Not even necessarily armed invasions maybe, to begin. The goal isn't to fight all of NATO, the goal will be to make the bigger members balk at being forced to mobilize over small stuff and undermine the perceived integrity of article 5.

[-] pupbiru@aussie.zone 1 points 8 months ago

could definitely backfire… who knows if NATO want an excuse to show russia that no matter how small they’re not fucking around

[-] Gradually_Adjusting@lemmy.world 4 points 8 months ago* (last edited 8 months ago)

To my point, I think that's exactly why we're suddenly seeing a bunch of rhetoric in the news describing our young people as "the pre war generation" and talk of ramping up NATO funding and activity.

Edit to add: Weird that people would downvote you, we're just talking here. My preferred outcome is that NATO posturing scares them off, and the extra funding contributes to more Ukrainian victories.

this post was submitted on 29 Jan 2024
110 points (96.6% liked)

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