The Biden administration is quietly signaling its support for seizing more than $300 billion in frozen Russian central bank funds to use to fund Ukraine, The New York Times reported on Thursday.
The central bank funds are held in the US, Europe, and Japan and were frozen using sanctions implemented after Russia invaded Ukraine last year. Stealing the funds and giving them to Ukraine would be an unprecedented move and would take the US-led Western economic war against Russia to another level.
Treasury Secretary Janet Yellen previously said that seizing the funds without action from Congress is “not something that is legally permissible in the United States.” US officials have also been concerned that the move could make other countries hesitant to keep funds in dollars or at the New York Federal Reserve Bank.
But as the Biden administration is struggling to get Congress to authorize more funding for the proxy war, it’s taking a closer look at the idea of using the Russian funds. According to the Times, the US has been discussing the issue in recent weeks with fellow Group of 7 nations and pressed them to come up with a strategy by February 24, the two-year anniversary of the Russian invasion.
President Biden has yet to sign off on the strategy as the details are being worked out. One issue that needs to be settled is whether the funds would go directly to Ukraine or disbursed in another way. G7 officials are also discussing whether the funds should be limited to spending on Ukraine’s government and reconstruction or used for its military as well.
Apparently they don’t care about the petrodollar and the “world’s reserve currency.” Or they do care, but they are even dumber than we ever imagined.
What are they going to do with their worthless cars, steel, oil, rare earth minerals, electronics, etc? Try to trade them with people who produce something other than pieces of paper with 18th century Americans printed on them?
It’s not stealing. It’s justice. Partial justice. After the Russian war criminals are defeated, they have to be prosecuted and punished and forced to return the Ukrainian children they stole.
So they are taking $ from Nuland, Pyatt, Graham, Biden, the estate of McCain, Murphy, Klobuchar and the assets of the entire US MIC? That would be justice in full.
Heavens, you sound just like Jake, Tim Burns and Don Julio. Are you one and the same, with a new moniker?
Maybe We are all the same. Just like all of you US haters, dictator lovers here.
Hey now, Donald, a thought occurred to me yesterday.
You trash “dictator lovers”, and profess that anyone who supports the Russian Federation in Ukraine (or the DPRC in general) is a “Putin / Xi / dictator lover” by default.
Then by that logic, YOUR own support of the Ukrainian side means YOU “love” Zelenskiyy – who meets all the criteria of a dictator :
– He has banned several political opponents & parties.
– He has banned an entire religion.
– He has banned a language and culture.
– He has suspended democratic elections, keeping him President (4 Life).
– He has banned or severely restricted unfavorable media & journalism.
I’ll be the first to indict both Presidents Putin and Xi on TWO of those points; but if YOU insist they are dictators for meeting even half those points, “your boy” Zelenskiyy is full-bird Dictator and you supporting Ukraine, again by your own logic, indicts YOU as supporting “a dictator” as well.
(there is ONE way you can rationalise this, and I do hope you use it, Donald, as it’ll complete an ‘X’ on my H. Donald Julio Logical Fallacy BINGO Card and win me a PlayStation 3)(it is VERY low-stakes BINGO; I think the PS3 is refurbished-used)
Dictator lover got hurt. Lol.
It’s more theft. The U.S.’s stock in trade. Of course it’s illegal. It must be part of the “rules-based international order” that the U.S. keeps talking about. Confiscating these funds will give countries of the Global South another reason to move away from the IMF, World Bank, etc.–the financial institutions controlled by the U.S.
The oil patch must be getting nervous about its trillions.
I have NO problem with a person doing a down vote but at least have the common curtesy to tell us WHY?!
Dictator lover like you.
That’s why
The amerikan imperial police State is the dictator in this case, as well as a thief, and apparently YOU are its indiscriminate lover.
Putin is not Stalin. He is many things, but is not looking to spread international Russian-right-wing-nationalism to other countries. Read Kotkin’s book Stalin to see this. Europe is fighting old wars; the US is poking its nose in where it has zero understanding of the centuries backstory. The US indmilpolmedia complex is the pig at the trough however, and the oinkers will not remove their snouts. There is no doubt the US will begin using the frozen Russian assets because why not?
Putin is such a nice guy. Thanks for being such an advocate and always being there for Dictator Putin.
Look, you even had fake peace activist/Putin loyalists all excited.
Nicely said, well said.
I would like to add, Alexia, what a truly beautiful name you have, truly….
And extremely wise, as well.
Who the hell did a down vote on this exquisite woman?!
You are such a phony.
Im just amazed at how little you care about your integrity.
I mean, the “peace activist” one.
You’re really overflowing with hatred, aren’t you? Maybe consider getting laid? Might help.
Perhaps. But likely it wouldn’t help the victim.
“victim”
Glad I wasn’t drinking anything when I read that.
“Who the hell did a down vote on this exquisite woman?!”
“Who else but
QuagmireDonald ?”A Christmas prezzie I didn’t want : young Donald has Blocked me.
How do I face a 2024 on these boards that is 63% less inane and fallacious ? Guess I can manage, ha-ha.
To everyone else – next time he pesters you without evidence or rational, coherent points, mention that I thought he was a good egg. Despite the cracks in his arguments and the smell therewithin.
In simple terms, this is called pure robbery.
That’s why they call it, “Freedom and Democracy.” We are “free” to steal other peoples’ money under the darkness of “Democracy.”
A major step in de-dollarization by the good old US…! Expect Russia do the favor in kind to US…!
Russia will long remember the theft of their funds by thieving Western countries, especially America.
President Putin and the Russian people are now aware of the racism and Russophobia inherent in the America.
Rather than cooperating with America on any projects Russia will step back and watch the US flounder.
Blow up Nordstream, theft of funds, etc. A failing Empire clutching at straws.
None of it surprises me anymore. Make up the rules as you go to suit their needs and narrative at that specific time. There’s always an excuse, redirection of narrative, another conflict to start. After all, America’s largest and most successful export is War.
Time to face the music and realize Ukraine is done, Zelensky is done.
An interesting article In The Spirit Of Russian ‘Total War’, the West really is not prepared for this type of conflict.
https://simplicius76.substack.com/p/in-the-spirit-of-russian-total-war?utm_source=profile&utm_medium=reader2
It will be very hard to be empathetic towards the Empire when $hit really hits the fan. The global harm they are doing and have done is absolutely reckless. All in a desperate attempt to maintain their unipolar grip on global society since 1990.
Totally healthy cynicism!
Excuses. A thief by any other name is still a criminal.
The only thief here is the one you support, d bag, Putin… The one stealing land from Ukraine so choose your words carefully.
You continue to omit that you support a government that was installed in a coup by a outside power in 2014.
If a foreign government overthrew the elected Norwegian government I would be on the side of Norwegians that wanted nothing to do with a government installed by that coup.
You, on the other hand, take the side of those that seek to ethically cleanse what used to be Ukraine on behalf of a currently controlling faction.of the foreign power that overthrew the Ukrainian government bin 2014. FYI that faction is now in disarray.
The people of my country are fed up with EU leaches as well as those within our own country.
I support the people of Ukraine.
The current government of Ukraine was elected by Ukrainians, not the US. So im not omitting anything.
Sorry about your country.
No. You support US hegemony and a puppet government in Kiev. All succession governments of the 2014 coup are illegitimate and have de facto been ruled by Washington DC.
As far as the rump state of Ukraine ? The last election PR was run by the US CIA as a psy-op on the people in the oblasts that were conned into believing Zelansky was going to reach detente with Russia. It was a lie. Just like the Minsk accords were a deception.
You do not support the people in the rump Ukraine. You support their dying—— for nothing.
Wrong again.
You are the one supporting the dictator that has had hundred of thousands young men dying for his personal war.
Ukrainians are fighting for their land.
Does that include the Ukraine (Russian speaking) citizens in Donbas and Lugansk that have been shelled for more than 8 years, causing the deaths of those citizens (14,000) by Kiev and the Banderites?
“Does that include the Ukraine (Russian and Ukrainian speaking) citizens in Donbas and Lugansk that have been shelled for more than 8 years, causing the deaths of those citizens, Ukrainian troops, separatist troops, and Russian troops (14,000) by Kiev and the Banderites and the separatists and Russians?”
Fixed, no charge.
The fact that you are still using that known false statement says a lot about how dishonest you are.
You’ve been shown your claim is false multiple times and yet continue doing your job and posting disinformation.
“You are the one supporting the dictator that has had hundred of thousands young men dying for his personal war”
Yes. P4L Zelenskiyy.
Who, I have illustrated above in a different reply, actually meets more definitions of “dictator” than does President Putin.
The government of Yanukovich was elected by Ukrainians too, but the U.S. went in to Ukraine and fostered a coup against him. Do you support that?
Of course he does. Probably a big Klitscho fan (who is an avowed Banderite).
The Ukrainians did it. And i support the people of Ukraine.
I guess you didn’t hear the phone conversation between Apple Dumpling and Ambassador Pyatt.
fuck Off, but do it carefully………. !!!!!!!!!!!!!!!!
Ok, MacGyver, you too.
I don’t get that MacGyver retort.
I watched the show as a kid – was your username (MV Guy) the name of the houseboat Mac lived on for those seasons ?
Otherwise – what the ????
We are not engaged in a war with Russia. Unless there is direct engagement with Russia, we have no right to that money , or, to freeze it. It is a violation of the 4th and 5th Amendments of the Constitution.
Cut your “WE” off USA, Igor.
You are not American.
And BTW, the money is going to support the fight for independence and freedom of Ukraine, not ours.
Check your blood pressure, it’s getting higher.
Lastly, did you hear about the 3 Russian fighters shot down simultaneously by Ukrainian air defenses today? 😱
And here’s a whisper — those were real russian fighter jets. .
Alleged. Let’s see pictures from the gun cameras.
Pictures from the gun cameras? Lol
How dumb.
“Cut your “WE” off USA, Igor.”
Attempted slander with a Russian-sounding name. Check.
“You are not American.”
Gatekeeping; and assuming facts not entered into evidence. Check.
“And BTW, the money is going to support the fight for independence and freedom of …”
Remind me the plot of Iran-Contra ?
“…not ours.”
Well, much like the entire situation, what happens to or for Ukraine is irrelevant. So long as miserable, enraged Cold Warriors left over from the 1980s get their chance to defeat a Soviet Union that had the NERVE to implode instead of dying under the American Capitalist Boot.
Is that what’s at your core, Donald ? This lingering hatred for Commie Soviets you never got to see fed ? When the USSR stopped playing the Cold War instead of losing it, did you feel cheated ? Like your vaunted US of A deserved an all-out win, was OWED by god, the Universe, and everything, a huge trophy and a clear-cut “W” in the stats column ?
And now you’re happy to see the Russian Federation, about as Soviet today as eastern Germany is East Germany today, beaten down and destroyed so you get a proxygasm you were denied ~35 years ago ?
I’m not sure if you should be on antiwar.com, when moveon.org might be more psychologically helpful to you.
Eat a D!ck, empty wagon.
I dont even read your trash anymore so safe your arthritis typing to someone else.
“i don’t even read your trash…”
and yet you replied to what you deemed to be trash that you do not read
I think Tequila Prime (T.P) has unBlocked me ! That or I had a Disqus glitch earlier. Any rate, can see his nonsense again.
The “… so safe your arthritis…” bit made no sense, but par for the course.
WHEW I was worried there ! Like turning on the TV and suddenly Comedy Central wasn’t part of my subscriber package !
If true it was USA Tech and USA operators. Will U feel giddy when Russia finally has been pushed to take out all carrier battle groups and major USA cities?
you don’t decide who is American and who is not, Julio
And why should any foreign countries / nationals invest (or even trade) in the U.S. when we simply take back the money we used to buy their goods?
Good. Take their money as reparations for all the damage they have caused to Ukrainians.
Because Putin wont pay for any rebuilding efforts.
They didnt earn the name Orcs for nothing.
The O word =
(in fantasy literature and games) a member of an imaginary race of humanlike creatures, characterized as ugly, warlike, and malevolent.
Exactly.
“They didnt earn the name Orcs for nothing.”
“Orcs” is a term used by neo-Nazi’s for ethnic Russians….. including ethnic Russians that live within the boundaries claimed by the Kiev regime. This is an ethnic slur that is clearly racist. Thanks for exposing what you are.
The meaning i go off of,
(in fantasy literature and games) a member of an imaginary race of humanlike creatures, characterized as ugly, warlike, and malevolent.
Im surprised Hollywood allowed the term passed in ‘Lord of the Rings.’
Yeah, they like me, have been exposed.
Wow. I just lost my job. 🤣
L of the R did not refer to any Js as Os.
don’t think for an instant that Hollywood would allow that.
Scrambling to say “a member of an imaginary race of humanlike creatures, characterized as ugly, warlike, and malevolent” AFTER saying “They didnt earn the name … for nothing” is pretttyyyy lame, T.P
Who knows what Russia would do.
But – in a scenario where a US/NATO-driven ‘coalition of the willing’ were seriously deliberating such an act…
…can Russia’s declaring that such an act would constitute an ‘existential threat’ – and engaging in nuclear-warhead-armed ‘defense’ drills – be ruled out?
A interesting precedent given international law requires Israel to pay reparations to Arabs. The Isaeli Central Bank has $200 billion in assets available to partially fund those reparations.