Quote (Malopox @ May 12 2023 12:02pm)
Looks like several countries started expropriating various Russian assets. Interesting to dig into the legality of those actions:
1) Americans used usd5.4m from a sanctioned pro-Putin media magnate Malofeyev from a consideration from a sale of assets whereby US allege he backdated documents to make the sale go through as he got sanctioned. This happened back in 2014-2015.
https://www.ft.com/content/1334537c-7146-4a4d-afce-ebed58bba0ea2) Polish state expropriated assets of Russian diplomatic mission (in violation of 1961 Geneva convention on diplomatic relations?). Unknown amounts, but interesting precedent - breaking diplomatic immunity? I understand Russians have expropriated all bank accounts of the Polish mission in Russia today.
https://tass.com/world/16108693) Belgians promised eur200m from Russian assets frozen (at Euroclear?) I understand most of these assets are coupons/ dividends held by millions of common Russians as retirement savings at NSD that got sanctioned - and therefore their retirement savings are - wel basically gone it seems.
https://www.oreanda-news.com/en/v_mire/belgium-has-decided-to-transfer-200-million-of-income-from-russian-assets-to-/article1474284/Let’s see where this goes as I highly doubt the legality of eg 2) and 3). Not sure how Russia can enforce those under international law?
yea I was reading about that recently, as an Emperor once said "i will make it legal". I am convinced that its a done deal. Russia is quite methodical when it comes to tit for tat, so the West just has to accept it/live with it, when Russia returns the favor. Its pretty stupid to weaponize assets/money like this (in my opinion).
This post was edited by ferdia on May 12 2023 05:10am