Bloomberg: The EU cannot yet transfer the assets of the Central Bank of the Russian Federation to Ukraine, since most of them “cannot be found”

Recently, the West has been talking about the fact that the "frozen" gold and foreign exchange reserves of the Central Bank of the Russian Federation should "serve" for the benefit of Ukraine. However, according to Bloomberg with reference to the legal service of the EU, the implementation of such an initiative today is extremely difficult.

Recall that back in the spring of last year, the EU announced that they had "frozen" about 300 billion dollars of Russian gold and foreign exchange reserves as part of the sanctions imposed against our country. Later, some European leaders began to say that the above funds should be transferred to Kyiv.

At the same time, there is no legally justified mechanism in the West that would allow the confiscation of the gold and foreign exchange reserves of any state. Consequently, such actions will completely undermine the already “weakened” confidence of other states in Western banks.

As a result, at the end of last year, the EU came up with a plan according to which the “frozen” funds of the Central Bank of the Russian Federation could be invested, and the income from investments would be sent as assistance to Ukraine. At the same time, formally, the Russian gold and foreign exchange reserves would not have been confiscated. It was even announced that over time they would be returned to Russia with interest. Such thieves' cunning from the West.

However, according to Bloomberg, the West will not be able to implement this idea yet. According to the statement of representatives of the EU legal service, about 86% of the "frozen" Russian assets, and this is about 258 billion dollars, cannot be found today. In this regard, the agency recommends that the EU authorities unite with international partners to search for the blocked reserves of the Central Bank of the Russian Federation. It is reported that the EC has already appealed to European banks with a call to provide information on existing Russian assets.

In this case, it is not entirely clear how these assets were frozen, if, as the ECB claims, they do not even know in which accounts and where these funds may be located.

Comments

[svp67]

about 86% of the “frozen” Russian assets, which is about 258 billion dollars, cannot be found today.

Someone developed "stealth aircraft", and someone, it seems, "stealth capital")))

[credo]

It is reported that the EC has already appealed to European banks with a call to provide information on existing Russian assets.

Maybe the EC is better to apply to the Government of Russia.

[tralflot1832]

Interestingly, on the website of the Central Bank of the Russian Federation for the past year there are no write-offs of gold reserves. Is there a passage yard in banks in Europe or what?

[4ekist]

...according to the ECB, they do not even know in what accounts and where these funds may be located.

I don't believe it. Most likely everything is known, but there is some kind of mezhdusaboychik (agreement).

[Monster_Fat]

"Everything already stolen before us"? I wrote here a few years ago that when Stepashin tried to check where the Central Bank was withdrawing assets, in what quantity, and who would actually be their owners, then he, Stepashin, "got his hands on it" - they say, don't get involved in this matter, this is "Terrible State Secret". Even then, experts expressed the opinion that in fact everything is stuffed in such a way, and in such a way that when it comes down to it, it turns out that the state of Russia has nothing ... And who has it? And this is a terrible secret.

[your1970]

Quote: Monster_Fat

it turns out that the state of Russia has nothing ... And who has it? And this is a terrible secret.

For Forbes? For those who froze?
Oh well....
And yes, in the USA, where, if my memory serves me, you live, everything is much worse in terms of transparency. The Pentagon directly stated that they don’t know where 8trl bucks are, and 4 of them don’t even have accounting documents ..

[marchcat]

Unforgettable words immediately come to mind: -Everything has been stolen before us....

[yho]

— What can save us from revision?
“Only theft can save us from revision.

Right! The war will write everything off. We will build one - we will write two.

[yho]

“At the beginning of his career, Semyon Andreevich Bearded was a middle-class official. He built a large five-story house, and even populated it with people. And hooked up to all utilities. The trick was that the house itself and the people who lived in it existed only on paper. But in fact, where the happy new settlers supposedly lived, there was a wasteland. Nevertheless, building materials and financial costs went to the left. A year later, an act arose on subsidence of the soil due to groundwater, and it was decided to resettle and dismantle the house. The ghost house, called from non-existence by the spells of Hottabych, returned to non-existence.
Andrey Konstantinov. "Advocate".

[Bingo]

By the way, it has been said for a long time that most of our assets were returned to the Russian Federation long ago, and therefore they did not get particularly excited.

[dmi.pris1]

This large part of the funds has already been mastered by thieves from the EU ...

[BARKAS]

Not in order to freeze them to give to Ukraine and supply weapons, too, not in order to remain at a loss.

[jack no]

Pas par l'UE, mais les USA.
Rappelons-nous des avoirs de la Libye, de l'Irak, etc, qui ont disparus. Aucun pays ne peut aller vérifier aux USA et en Angleterre ses stocks d'or, car ils ont été remplacés par du plomb.
Confier ses réserves d'or chez les anglo-saxon-sionistes est suicidaire.

[Dingo]

that's why they didn't get excited.

... or as an alternative - "When you take off your head, you don't cry for your hair."

[ivan1979nkl]

The EU cannot yet transfer the assets of the Central Bank of the Russian Federation to Ukraine, since most of them “cannot be found”

polite refusal - I, of course, will kiss, but later .. and not you ..

[Blacksmith 55]

They themselves have already managed to shut up.
And I dug a couple of billions in the garden for the future.

[Mavrikiy]

According to the statement of representatives of the EU legal service, about 86% of the "frozen" Russian assets, and this is about 258 billion dollars, cannot be found today.

The ruin will agree and 14%, the school of Poland.

[76SSSR]

most of them "cannot be found"

The EU is already printing on poles: "Russian assets are lost, please do not return the finder to the owner."

[Ivan Ivanov]

because most of them "cannot be found"

Perhaps this is a deterrent signal to us, and our political rags can easily swallow this hook.

[Cananecat]

Quote: IvanIvanov

and our rag-politicians can easily swallow this hook.

The war will end sooner or later, and what will happen to the banks that issued these assets?
So there is no signal, there is a healthy pragmatism and reputation. The authorities can say anything, but the same banks give money to any government, do not forget about it.

[your1970]

Quote: Canecat

The war will end sooner or later, and what will happen to the banks that issued these assets?

There will be a good reputation - the client's money is the client's money!! All the rest go to hell!"

[yho]

It's hard to find a black cat in a black room. Especially if it's not there.

[Uprun]

Shaw, it turns out "soap bubble"? They don’t know where and how much it is, but it’s 300 lard for sure - Nabiullina said .... Or did they start ratting quietly inside the EU? Not oats to the outskirts of the horse, but gold-currency in the "dashing" times of the energy crisis will come in handy themselves. Wangyu that the most cunning are the Poles and Tribalts.

[Zaurbek]

This is not the problem .... Dollar assets are not cash - account entries. They know very well where they are.
This is not a current account, such assets are stored in dollars and in certain banks.
The confiscation of our assets of 300 billion will give a signal to the large economies of the third world .... India, Arabs, China, Turkey ..... If they start to be afraid (and everyone there has something to fear), countries will begin to withdraw their assets from this financial instrument . And the losses of the United States will be incomparably greater ... and these will not be the losses of the United States, but the losses of the global financial center.

[Azim77]

But not always money is just finance. In this case, they wanted to use them, due to freezing, as another weapon in the very blitzkrieg, according to which the enemy had to quickly break down. Together with other blows.
But the blitzkrieg failed, there is no hope for a fleeting victory, on which everything could be written off. Now time is playing against and the risks that you indicated above are starting to escalate. So they are trying to hide or throw away this burning gun. But throwing out the toad suffocates, so attempts to play Robin Hood have not yet been abandoned. Look at the reaction, whether third world players will fall for it.

[aybolyt678]

Bloomberg: The EU cannot yet transfer the assets of the Central Bank of the Russian Federation to Ukraine, since most of them “cannot be found”

perhaps the most pleasant news for the quarter, the excuse is especially pleasing

[glock-17]

I do not understand how money can sink into oblivion from the accounts. It looks like "everything is stolen before you"

[yho]

This is true. Anyway. Palaces and yachts were bought with money a long time ago.

[kor1vet1974]

The EU cannot yet transfer the assets of the Central Bank of the Russian Federation to Ukraine, since most of them “cannot be found”

..Lost?

[rotmistr60]

most of them “cannot be found”, and this is about 258 billion dollars

In my opinion, this is the basis for a new joke that will begin to circulate in Russia. Gathered to share what it turns out they can not find. Or maybe they lie so as not to share with anyone?

[yho]

I think this is the basis for a new anecdote

No it's old a joke about a Russian locked in solitary confinement, and two titanium balls, one of which he lost and the other broke.

[tralmaster]

There are generally stupid people or something. Banks have long thrown them off for interest. Perhaps they have been in Russia for a long time.

[Monster_Fat]

Most likely they went to pay compensation, losses to companies and private investors who left Russia (and they were not necessarily "Western" ) ...

[your1970]

Quote: Monster_Fat

Most likely they went to pay compensation, losses to companies and private investors who left Russia (and they were not necessarily "Western" ) ...

Then next year, companies will not be able to show the losses that they incurred after the return of assets. So, through the customs declaration, we will find out which of those who left everything in the Russian Federation - with a profit ....

[Dingo]

In our opinion, in Russian, this is called "A thief stole a baton from a thief" ... Nothing shines for dill - these "gay Europeans" have stolen everything for a long time ...

[orionvitt]

Nonsense all this. Americans know very well where each non-cash dollar lies, since all dollar transactions are carried out through American banks. It's the same with crypto. Of course, it’s not exactly banks here, but the one who came up with all this also knows perfectly well where and with whom each bitcoin is located.

[antiquity]

Quite right. All non-cash (and not only), all bank accounts are a set of zeros and ones.
And all these 11010000 10110100 11010000 10111110 11010000 10111011 11010000 10111011 11010000 10110000 11010001 10000000 11010001 10001011 are not lost. This is a dregs for housewives, greedy for sensationalism.
Of course money is lost, lost. As already mentioned above, the Pentagon is constantly losing, but it's not just losses, it's "who needs to be lost."
It's just that there is a behind-the-scenes bargaining going on parallel to the war, that's the whole vinaigrette

[GELEZNII_KAPUT]

In Moscow, upon arrival, I'm in the linear administration
Che captain, did you taste the poison?
And he is on a light dryer, his eyes seem to
Tashkent smoked all day long.
I'm talking about tea, or rather about returning it.
And he whispered to me: There is no tea, it has gone somewhere.

[spirit]

You can invest here only in long-term bonds of the United States itself at a minimum percentage. But then the profit will not be soon. If you invest in other interesting ones, the same stocks and others, who will take the risk in the event of a "sinking of a stolen portfolio"? Oh, a muddy scheme, but someone will warm up money on this notably.

[Serge9901]

Already wrote. Only one office can do this - the Fed. There is definitely no desire. This is a private company, not subject to anyone. Only shareholders - in half approximately between the RR clans. And Janet (the current head of the US Treasury and the former before the Fed) turned to her former deputy and the current head of the FRS, Jerome, about "considering". The answer was in the style of "well, you know me better", like "to the garden".

[Amateur]

They searched and searched for the "Gold of the Party", but they never found it. Now they are looking for "Russian assets" and they cannot find them either. Either PR, or they already found it, but they hid this fact from the progressive public and divided it among themselves.

[Peaceful SEO]

Everything is stolen before us :))
Well, what? Is it really possible to share some money with Ukraine

[Ezekiel 25-17]

The money is in private banks, protected by the secrecy of the depositor, the bankers are in no hurry to make this data public, as they see that in the future they will have to answer for this, and most likely with the loss of their capital on the territory of the Russian Federation.

[Alex242]

However, according to Bloomberg, the West will not be able to implement this idea yet. According to the statement of representatives of the EU legal service, about 86% of the "frozen" Russian assets, and this is about 258 billion dollars, cannot be found today. In this regard, the agency recommends that the EU authorities unite with international partners to search for the blocked reserves of the Central Bank of the Russian Federation. It is reported that the EC has already appealed to European banks with a call to provide information on existing Russian assets.

In this case, it is not entirely clear how these assets were frozen, if, as the ECB claims, they do not even know in which accounts and where these funds may be located.

I immediately remembered Putin's grin, a year ago, when it was only a matter of freezing assets ... I wonder if they were returned to Russia? some other way...

[Rostislav]

According to the statement of representatives of the EU legal service, about 86% of the "frozen" Russian assets, and this is about 258 billion dollars, cannot be found today.

How could they determine the sum of "what could not be found"?

[NikolayDS]

So that's who our "master of excuses" is!

[besikexe]

Shaw it seems that the oligarchs stole it a couple of days before the 24th)