EU president Ursula von der Leyen says using Russian assets would be “the most effective way to sustain Ukraine”, although legal fears remain for some states
The thing they’re worried about is the precedent. The logic is that if the EU can legally decide to confiscate your money as a non-EU state, then your money can be used as leverage by the EU. This means that countries will be heavily disincentivized from making large investments in the EU.
I personally think the fear is overblown and it should be clear to the wider international community that this is happening because Russia is a direct military threat to the EU, but let’s not pretend this isn’t a pretty huge precedent they’re setting.
I mean, the solution is simple - just don’t be an aggressor? Like, I don’t see us confiscating Australia’s money, or Japan’s or plethora of other countries.
The thing they’re worried about is the precedent. The logic is that if the EU can legally decide to confiscate your money as a non-EU state, then your money can be used as leverage by the EU. This means that countries will be heavily disincentivized from making large investments in the EU.
I personally think the fear is overblown and it should be clear to the wider international community that this is happening because Russia is a direct military threat to the EU, but let’s not pretend this isn’t a pretty huge precedent they’re setting.
I mean, the solution is simple - just don’t be an aggressor? Like, I don’t see us confiscating Australia’s money, or Japan’s or plethora of other countries.