https://sputnikglobe.com/20240503/saudi-arabia-and-indonesia-lobby-eu-to-halt-russian-asset-confiscation-1118238877.html
Saudi Arabia and Indonesia Foyer EU to Halt Russian Asset Confiscation
Saudi Arabia and Indonesia Foyer EU to Halt Russian Asset Confiscation
Sputnik Worldwide
Saudi Arabia and Indonesia are attempting to influence EU nations to desert the confiscation of Russian property.
2024-05-03T08:37+0000
2024-05-03T08:37+0000
2024-05-03T08:37+0000
world
russian economic system below sanctions
european union (eu)
saudi arabia
indonesia
christine lagarde
frozen property
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The nations have been lobbying EU capitals to not seize the property, fearing for the way forward for their very own reserves held within the West, the Monetary Instances reviews, citing officers. Whereas the US and Canada proceed to push for the confiscation of Russian property, the EU “stays extremely cautious, leading to a stalemate,” the outlet mentioned. Confiscating Russian property may set off a wave of reparations claims stemming from long-standing disputes, reminiscent of these in opposition to Germany after the 2 world wars, in addition to former colonies making claims in opposition to former imperialist powers, the FT famous, citing EU officers.Whereas Ukraine insists on the whole seizure of Russia’s property, G7 officers privately declare that such a step is “now not on the desk.” The Russian Overseas Ministry has known as the freezing of Russian property theft, noting that such an try violates worldwide legislation.
https://sputnikglobe.com/20240425/putin-russia-has-myriad-possibilities-to-launch-new-economic-model-1118112484.html
saudi arabia
indonesia
2024
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russian economic system below sanctions, frozen property, confiscation of russian property, freezing russian property
russian economic system below sanctions, frozen property, confiscation of russian property, freezing russian property
Saudi Arabia and Indonesia are attempting to influence EU nations to desert the confiscation of Russian property.
The nations have been lobbying EU capitals to not seize the property, fearing for the way forward for their very own reserves held within the West, the Monetary Instances reviews, citing officers.
Whereas the US and Canada proceed to push for the confiscation of Russian property, the EU “stays extremely cautious, leading to a stalemate,” the outlet mentioned.
Confiscating Russian property may set off a wave of reparations claims stemming from long-standing disputes, reminiscent of these in opposition to Germany after the 2 world wars, in addition to former colonies making claims in opposition to former imperialist powers, the FT famous, citing EU officers.
“Shifting from freezing the property, to confiscating them, to disposing of them [could carry the risk of] breaking the worldwide order that you just need to defend,” European Central Financial institution President Christine Lagarde mentioned.