France has rejected a call from US Treasury Secretary Janet Yellen to give $300 billion in frozen Russian central bank funds to Ukraine, a step that would amount to outright theft.
Yellen claimed there was a legal case to support handing the funds to Ukraine to fund the proxy war and future reconstruction, but French Finance Minister Bruno Le Maire said there wasn’t.
“We don’t think this legal basis is sufficient,” Le Maire said after a G7 finance ministers meeting in Brazil. “This legal basis must be accepted not only by the European countries, not only by the G7 countries, but by all the member states of the world community, and I mean by all the member states of the G20. We should not add any kind of division among the G20 countries.”
The EU is moving forward with a plan to set up a fund for Ukraine using profits made by the frozen Russian money, which Le Maire pointed out. The US has welcomed the plan but wants the EU to go further.
The US needs Europe onboard for the plan since the bulk of the Russian central bank funds, about $200 billion, are being held by European banks. About $67 billion is held by the US Federal Reserve, and legislation has been introduced in Congress to allow the money to be used for Ukraine.
Yellen’s call to fund the proxy war with the Russian central bank funds comes as President Biden is still struggling to get Congress to authorize another $60 billion in spending on the war.
Russia has warned it has ways to respond if the US and its allies go ahead and send the Russian funds to Ukraine. “We have ways to respond. We have also frozen sufficient volumes of financial assets and investments of foreign investors in our securities, all of which transfers we carry out for the owners of our securities,” said Russian Finance Minister Anton Siluanov.
They better not launder that stolen money.
They better do!!
That’s reparation for all the damage and suffering Putin has caused and all the land he has stolen, you hypocrite.
b.s. Don Julio. It is stolen money from the criminals in the Biden cabal.
Yeah and who caused it ? , ho yeah America / Britain what was it Nullan said f” ck the EU while spending 5 billion on regime change that led to the war , and how much in reparations did the US give Vietnam , Cambodia , Laos , Afghanistan , Iraq , Syria where the yanks are stealing oil at this very minute You F hypocrite .
They will.
Janet Yellen…LOL, just as senile as Joe Biden, no one takes her seriously.
Too many take her seriously.
Janet Yellen is a thief attempting to organize a heist.
The real thief here is your boy Putin who has been stealing land from Georgia and now Ukraine since 2014, you hypocrite.
Don Julio, you are a paid DNC troll.
No way!
I think it’s more of a ‘make work project’ for a very young and inexperienced intern.
We’ll all get a survey to fill out at the end of the year.
😉
And America stole a continent from the First nations , and also stole the Hawaiian Islands and filled it with riff raff from the US to stop them taking the Island back
You propagate nothing but childish lies, most likely from lack of knowledge.
America stealing from other countries well i never , the fact is America was / is built on theft , fraud and corruption , it`s what they do best besides exporting DEATH DESTRUCTION & CHAOS .
I think we’re still holding funds we stole from Iran back in 1980 when the Shah fell. Respect for the international “Rule of Law” my ass.
Getting our hands on that money is like sounding a very loud alarm to all the countries in the world, except us because we’re deaf: Using western banks to invest is like trusting in Mafia protection. Our dollars will lose value as a result. But hey, name one bad thing Biden wanted to do and failed to achieve?
Amen, bro.
On Spot…!
In this case the Euro would probably be the primary target rather than the Dollar. The ECB and Euroclear made their fears public to that effect.
In the mean time von der Leyen & co, from the inimitable EU comedy show, had a new epiphany. They won’t steal the 300 billion, instead they steal the interest and they’re gonna buy shells for Ukraine in Africa. They probably decided in their infinite wisdom that they are going to strike a bargain here because they know that things are cheaper in Africa. And because that is how the free market works when you desperately want scarce things and have loads of money to spend.
France is actually helping US by refusing to turn over the Russian funds… But US cannot comprehend that…!
Please… please…. DO SEIZE ALL THAT MONEY AND SEND IT TO THE UKRAINIANS.
That’s all we need to nail the final nail in the USD and Euro’s coffin. This act will show exactly the thieves of G7. A whole bunch of wise-guys stealing money from Venezuela, Iran, Afghaistan, etc… and now Russia.
Please… please… go ahead and steal all that money. You will love it.
The US has no respect for international law whenever it chooses to break it, but would throw a complete tantrum if someone else did such things to them.
Good for France and Europe; they have few scruples either, but more than we do. And Janet Yellen is a decrepit, borderline senile, ignorant old hag.
Bottom line is that, whenever the fighting finally ends, the EU still needs to live with Russia; they will still need access to Russian raw materials, and will still want Russia as a market for their goods. So they are only going to go so far in enabling the USA’s insanity.