The EU says this first tranche of funds will be used to finance the purchase of essential military equipment for Ukraine.
  • thesporkeffect@lemmy.world
    16·
    4 months ago

    The G7 currently agreed, after urging and veiled threats from Saudi Arabia, that it would only use the interest from the frozen Russian assets rather than confiscating the assets themselves.

    The important quote here

    • flambonkscious@sh.itjust.worksEnglish
      7·
      4 months ago

      Bummer. It refers to this old SA gem:

      Saudi Arabia Threatened to Sell Off Europe’s Bonds If EU Seized Russian Assets – Bloomberg

      Riyadh denied the Bloomberg report, saying it did not threaten to sell euro and French bonds as a way to influence the G7 into not seizing $280 billion of Russia’s frozen assets.

      https://www.kyivpost.com/post/35611

      I guess Saudi Arabia and Russia are still tight