Some Ukraine allies want to seize $300 billion in Russian assets and give the money to the besieged country. Financial bigwigs are split on the idea.
that were held outside of Russia . Most of that money was invested in assets denominated in euros, dollars, or British sterling.meant to isolate its financial system and starve Russia of capital needed to prosecute its war. Sanctions basically froze that $300 billion in place, preventing Russia from tapping its own assets., some of Ukraine’s allies now want to seize Russia ’s money and give it to Ukraine for reconstruction or ongoing defense needs. But that’s not as simple as it might sound.
“I’ve heard this a lot, mostly coming from hedge fund guys on Wall Street,” Browder said, “that if we take this money, it’s going to ruin the international financial system and no one’s going to trust anyone ever again. That might be true if the United States were to do that by itself. But we would do this with the Europeans, with the Brits, with the Canadians, with the Japanese, with the Swiss,” he said.
The whole issue might eventually turn on how long the war lasts and how much more help Ukraine needs. It took Congress six months to pass the latest aid package, and while there was strong bipartisan support in the end, staunch opposition from some conservatives nearly sank the bill. "If he doesn’t win this race, it may not be Donald Trump that beats him," suggested former Obama adviser David Axelrod.Barron Trump, 18, to make political debut as Florida delegate to the Republican convention
OTTAWA — NDP Leader Jagmeet Singh is slamming the federal Liberals for giving nearly $26 million to Costco and Loblaw for energy-efficient appliances. The money came from the Liberal government's low-carbon economy fund, which is meant to support projects that will reduce greenhouse-gas emissions. In 2019, the Liberals faced heat from Conservatives after the government announced it was giving up to $12 million to Loblaw for energy-efficient refrigerators and freezers at 370 of its stores.
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