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[1998 crisis mk2] 11/1/2024 17:17

White House Throws Support Behind Seizing Frozen Russian Assets

Funds frozen amid Ukraine war could be used for reconstruction
Biden seeks to rally Republican support, stay aligned with G-7

Bloomberg January 11, 2024 at 4:00 PM GMT

President Joe Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for reconstruction of Ukraine, a shift as the White House seeks to rally support in Congress to further fund the war against Vladimir Putin’s forces.

The administration welcomes “in principle” a bill that would allow it to confiscate the funds

[1998 crisis mk2] 11/1/2024 17:14

White House Throws Support Behind Seizing Frozen Russian Assets

Funds frozen amid Ukraine war could be used for reconstruction
Biden seeks to rally Republican support, stay aligned with G-7

Bloomberg January 11, 2024 at 4:00 PM GMT

President Joe Biden’s administration is backing legislation that would let it seize some of $300 billion in frozen Russian assets to help pay for reconstruction of Ukraine, a shift as the White House seeks to rally support in Congress to further fund the war against Vladimir Putin’s forces.

The administration welcomes “in principle” a bill that would allow it to confiscate the funds

[loganair] 11/1/2024 12:34

Donald Tusk is a power crazed nutter trying to take over Europe and wants to take away the rights and freedoms of the people of Europe.

[loganair] 11/1/2024 10:25

The MOEX Russia index traded slightly above flatline at 3168 on Thursday, showing mixed dynamics over the week but remaining above the psychological level of 3150, as wins in chemicals and IT sectors were offset by losses in consumer goods, oil & gas, and construction sectors.

The negative background was created by stronger ruble which weighed on exporters shares after the country's finance ministry said it would switch to foreign currency sales from purchases in the coming weeks since December oil and gas revenues were lower than anticipated.

On the corporate front, Rosneft and Magnit were the main decliners, down by 3.8% and 3.1% due to going ex-dividend.

In contrast, Surgut (2.3%), GLTR (2.1%), X5 Retail Group (1.8%), and Severstal (1.5%) advanced.

[neilyb675] 11/1/2024 08:25

126.00 - 137.00 (GBX) at 08:05:45
on Market (LSE)

[loganair] 11/1/2024 08:00

If any poster on this thread would like to see a real Dictator at work then have to look no further then Donald Tusk the new Prime Minister of Poland (ex President of the European Council) and see what he is doing in Poland and he's only been PM for 1 month.

I always thought Tusk was a nasty bit of work and can never be trusted, this just proves it.

This shows just how Dictatorial the upper echelons of the EU really are.

[loganair] 10/1/2024 23:01

10 January Madrid - Russia ranks second in terms of liquefied natural gas (LNG) supplies to Spain in December 2023, importing 5,481 GWh of LNG from Russia according to data released by the Spanish energy company Enagas.

Throughout 2023, Spain purchased the equivalent of 72,690 GWh of LNG from Russia, compared to 53,859 GWh in 2022.

[loganair] 10/1/2024 09:32

The MOEX Russia index rose 0.4% to 3170 on Wednesday, following the muted tone in the previous session, driven by wins in the IT and electric utilities sector.

Among individual stocks, Seligdar (2.9%), Mosenergo (2.6%), GLTR (2.3%), Segezha (2.1%), and Polymetal (1.3%) were the leaders of growth. Moex was also up by 0.5%. Today is the last day investors can enter the register of shareholders entitled to receive dividends for 2023.

Meanwhile, Mechel (-0.8%), Ros Agro (-0.8%), QIWI (-0.7%), and VTB (-0.7%) declined.

As for heavyweights, Lukoil shares increased by 1.3% after closing the dividend gap yesterday, while Gazprom and Sberbank traded with modest gains of 0.4% and 0.2%, respectively.

[masergt] 09/1/2024 21:02

Brazen murder. Day after day after day.

logliar will blame the CIA. It's all America's fault. Or i's fake news cooked up by Western media.

[brwo349] 09/1/2024 19:15

9th Jan
Russian journalist found dead after exposing Vladimir Putin's corruption




On December 30, he told viewers from Mariupol: "There is gigantic money here, there are gigantic opportunities for corruption.
"My personal impression - I'm not accusing anybody of anything... is that there is a gigantic corruption going on in Mariupol, which the Russian army occupied with heavy fighting in spring 2022.

[loganair] 09/1/2024 16:56

The volume of imports of Russian goods into the United States increased from $274.4 mln in October to $362.4 mln in November, according to the data published in the monthly report on trade turnover of the US Census Bureau.

The volume of goods supplied to the United States from Russia in September amounted to $252.3 mln.

[loganair] 09/1/2024 16:54

The World Bank expects Russia's GDP to grow by 1.3% in 2024.

According to the report, at the end of 2023 the growth rate of the Russian economy was 2.6%. At the same time, the organization predicted a decline in June, and has now increased this figure by 2.8 percentage points. It was then expected that Russia's GDP would fall by 0.2% in 2023.

[orinocor] 09/1/2024 13:51

and your point is what? You sound happy that Ukraine has lost so many men that they now have to call up 50,000 women. Just think, all these men just trying to defend their right to exist against a massive, nihilistic neighbour. I hope you rot in hell.

[loganair] 09/1/2024 11:44

It looks like in the not too distant future the Ukraine are going to call up 50,000 women, shows the desperate shortage of men the Ukraine now has.

[loganair] 09/1/2024 10:32

The MOEX Russia index fell 0.2% to 3150 on Tuesday, erasing some of yesterday's gains, penalized by losses in oil & gas sectors.

Tatneft was the main underperformer, falling by 5% due to going ex-dividend. Also, Severstal, Surgut, and Rusal declined by 1.4%, 1.1%, and 1%, respectively.

On the other hand, VK ((3.9%), MTS (2.6%), and Positive Group (2.4%) advanced. Also, coal miners, Mechel and Raspadskaya, traded in green after the country's government has exempted coal from exchange rate export duties. The abolition of the duty could increase the profit of Mechel and Raspadskaya by 6% and 12%, respectively.

[rjmahan] 08/1/2024 22:19

I've sold out. Think its likely Russian soverign reserves get seized. They appear to be seriously thinking about it. Fact is West is pretty skint so funding for Ukraine need to come from somewhere.

[neilyb675] 08/1/2024 21:21

masergt

Not paid his subscription again.

Times are hard
😁😁😁😁

[ih_838857] 08/1/2024 21:05

gbjbaanb 8 Jan '24 - 2275.

"When I say the problem today is not Russia but America, its true." Hmmm...

"And yes, this is an investment board and I'm happy my purchase around 50p ..."

When did you buy at 50p?

[brwo349] 08/1/2024 20:40

Mon 8 Jan 2024 07.00 GMT

Russia must be held accountable over Ukraine – we should seize its assets
Joseph Stiglitz and Andrew Kosenko

Ultimately, Russia must be held accountable. While Russia cannot fully compensate Ukraine for the devastation it has wrought, it should, at a minimum, pay for the physical damage and cover the costs of reconstruction. When an individual commits a tort – an act that harms another person – they are obligated to provide compensation. Often, individuals’ assets are seized to ensure that they fulfil this obligation. The same principle applies to countries. Although asset seizures are often complex undertakings, Russia’s case could prove to be the exception, given that the assets to be seized have already been frozen.

Legal experts may argue that offering Kyiv loans and using the frozen assets as collateral is a better approach, since it would force Russia to choose between directly compensating Ukraine and forfeiting these funds. But such technicalities are best left to lawyers. The reality is that Ukraine needs the money now, the money is under western control, and not using it to help Ukraine win this war and rebuild would be unconscionable. It is unreasonable to expect taxpayers and donors in Europe, the US, and Asia to bear the costs of Ukraine’s reconstruction when Russia itself could make a significant (albeit involuntary) contribution.

But the specific use of the confiscated funds is a secondary concern. While 90% of the American security assistance allocated to Ukraine is spent in the US, the seized Russian assets could be used to support Ukrainian forces on the ground and finance the massive recovery effort.

It should go without saying that seizing Russia’s frozen assets would not absolve the west of the responsibility to provide Ukraine with military aid; without victory, there can be no reconstruction. Nevertheless, the fact that rebuilding Ukraine could end up costing $1tn – more than three times the assets’ value – might mollify those who are still reluctant to use them to fund the reconstruction effort.

[loganair] 08/1/2024 19:08

As from this Monday both Latvia and Lithuania will again start issuing tourist visas to Russians.

[loganair] 08/1/2024 17:22

The MOEX Russia index rose by 0.7% to close 3158 on Monday, after showing little change in the previous session, helped by increased trading volumes as investors returned from holidays. Among sectors, financials and construction were driving the gains. Also, electric utilities advanced firmly amid cooler temperatures in the country.

As for individual stocks, PIK (4%), VTB (2.6%), and Surgut (2.1%) grew the most.

Conversely, Mechel (-0.5%), Magnit (-0.5%) and Alrosa (-0.4% closed in the red, with miners being affected by lower commodity prices.

[loganair] 08/1/2024 09:37

On a country by county basis, things are slowly beginning to open up and ease between the EU and Russia...from the 01st February 2024 Denmark will start issuing visas to Russians which they stopped on 16th March 2022.

The border between Estonia and Russia is now fully open, for some time was closed to all bar Diplomatic personnel of Russia and Estonia.

[loganair] 08/1/2024 09:31

The MOEX Russia index rose by 0.4% to 3150 on Monday, after showing little change in the previous session, helped by increased trading volumes as investors returned from holidays. Among sectors, financials and electric utilities were driving the gains, while IT slid.

As for individual stocks, Rosseti(2%), VVTB (1.9%), Rostelecom (1.9%), Surgut (1.8%), and Rus Gidro (1.7%) advanced the most.

Conversely, Magnit(-0.7%) and Rosneft (-0.3%) traded in the red. Also, Tatneft edged down due to going ex-dividend. Shareholders included in the register will be paid 35.17 rubles for each type of shares, which implies a dividend yield of 4.9%.