At the beginning of the Russia-Ukraine conflict, the US and its allies immediately froze $300 billion worth of Russian overseas assets, most of which is in the EU nations, with about $5 billion in the US. As the war continues, these funds have not been used.
Interesting that the vast majority of frozen assets are in the EU, not the U.S. Could be a factor in any sort of split between the two.
Yeah for sure, the damage for US is pretty minimal, but Euroclear is going to take a lot of heat from this. So, US is once again throwing Europe under the bus here.
It’s mostly Russian fuel investments into pipelines, port facilities, naval yards, tank farms, and refineries.
Russia’s largest international market for consumer goods, agricultural products, and industrial equipment, is also Europe, owing to how close they are and the ease of transporting goods and heavy machinery by rail, as opposed to container ship.
Interesting that the vast majority of frozen assets are in the EU, not the U.S. Could be a factor in any sort of split between the two.
Yeah for sure, the damage for US is pretty minimal, but Euroclear is going to take a lot of heat from this. So, US is once again throwing Europe under the bus here.
It’s mostly Russian fuel investments into pipelines, port facilities, naval yards, tank farms, and refineries.
Russia’s largest international market for consumer goods, agricultural products, and industrial equipment, is also Europe, owing to how close they are and the ease of transporting goods and heavy machinery by rail, as opposed to container ship.