Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Let's recap G7 mobilized "debt-raising"
A legal framework should be developed
Eurozone governments rush to sell bonds
collateral for a bond issued by a special-purpose vehicle

Now, this.
reuters | Biden, France's Macron reach agreement on using Russian assets for Ukraine, 10 June Macron set theory

U.S. President Joe Biden said on Sunday he had reached an agreement with French President Emmanuel Macron on the use of profits from frozen Russian assets to help Ukraine.
The Group of Seven nations and the European Union [enTitY] are considering how to use profits generated by Russian assets immobilized in the West to provide Ukraine with a large up-front loan [for UKRAINE] now and secure Kyiv's financing for 2025.
< wipes tears >
The funds [sic] generate 2.5 billion to 3.5 billion euros a year in profit, which the EU says is < wipes tears > not contractually owed to Russia
archive eur-lex.europa.eu: "they do not constitute sovereign assets. Therefore, the rules protecting sovereign assets are not applicable to these revenues." (21.05.24)
and therefore represents a windfall [sic]. The idea, championed by the U.S., is to use this [orphan] profit as a steady ["guaranteed"] revenue stream to service [pay principal and interest owed] a large loan of $50 billion [for UKRAINE] that could not be [ADVANTAGE UKRAINE rings a bell]
raised on the market.
by Cat on Mon Jun 10th, 2024 at 01:37:46 PM EST
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