The cost of doing business | 73 comments (73 topical, 0 editorial, 0 hidden)

Rebuilding Ukraine (none / 1)

Best estimates I read were half a trillion euros. Many variables and uncertainties though, the war neds to end. The Pentagon has already ruled out a victory for ~~Ukraine~~ NATO in 2023. Ukraine will nor be able to regain all of its "sovereign" territory with Crimea included. With the recent escalation, the destruction will continue at a fast pace. Occupied Eastern Ukraine is the heart of the industrial economy. I recently posted some information on rebuilding Grozny ... it took 20 years.

EU proposes options to seize frozen Russian assets, but legal concerns remain | EurActiv - Nov. 30, 2022 |

The EU sees legal grounds to temporarily leverage at least €33.8 billion of Russian central bank assets to help pay for the reconstruction of Ukraine, sources say [_link]
— Bloomberg (@business) January 26, 2023

Total blocked assets of Russian National bank is €300bn.

'Sapere aude'

by Oui (Oui) on Thu Jan 26th, 2023 at 10:46:34 PM EST
[ Parent ]

Not "leverage". Asset forfeiture. (none / 1)

DICTION CORNER (US-English): Tue Sep 28th, 2021

DYK the British fiance wags call debt "leverage"? And interest rate demanded "gearing"?
(Being a US-Eng. speaker, I had to translate this for my sanity in the first weeks of LBS befor 9/11 "changed everything".)

DKY that the EU27 + UK had run a trade balance surplus with the US over 10 years before The Pandemic®? (You can look up top line USD-denominated figures at US Commerce.) That's why I keep tabs on FX pairs (not indices) so you don't have to: parity watch

DKY that US-Eng. synonyms for "leverage" run the gamut from "black mail" and US Congressional votes to "cash money"? That is anything but a mechanical lever.

by Cat on Fri Jan 27th, 2023 at 02:13:00 PM EST
[ Parent ]

The cost of doing business | 73 comments (73 topical, 0 editorial, 0 hidden)

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