• context [fae/faer, fae/faer]@hexbear.net
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    6 months ago

    seems like legitimizing the outright theft of foreign assets is going to give billionaires around the world some second thoughts about the security of their dollars held in u.s. banks

    • Unruffled [he/him]@lemmy.dbzer0.com
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      6 months ago

      Are you really complaining about Russian oligarch billionaires having their foreign assets seized? Whatever happened to ‘eat the rich’? 🤣

      • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
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        6 months ago

        No, the point is that this move undermines western financial system because billionaires all over the world will realize that if they or the government of their country runs afoul of the west, then their assets will be stolen. Meanwhile, freezing and seizing the assets of Russian billionaires amounts to the west doing capital controls for Russia. This would’ve been a very unpopular move if the Russian government imposed such controls, but the west decided to helpfully do that themselves. This forced Russian oligarchs to invest domestically resulting in Russian economy growing faster than the west now.

      • Aria@lemmygrad.ml
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        6 months ago

        No defending Russian capitalists here, I want them all to be stripped of their wealth and the whole Russian state dismantled and replaced by a democratic socialist one. Those rich Russians should be eaten.
        But the fact that the Russian state currently is letting their money get stolen (which they knew would happen when they started this war, and those capitalists knew would happen when Russia started this war, which is why they were begging to avoid it) shows that they aren’t oligarchs.
        Only the countries stealing this money has oligarchs. And this is also evident by the fact that the money is getting stolen, since it’s hurting western governmental institutions. The world’s trust in the western system is being traded for more money to the capitalists.

  • ShimmeringKoi [comrade/them]@hexbear.net
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    6 months ago

    “Unlock” aka just steal like we did Afghanistan’s emergency fund. Well, if the US government wants to speedrun de-dollarization by demonstrating to the world why you shouldn’t bank with them, I’m not gonna interrupt them while they do it.

        • NauticalNoodle@lemmy.ml
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          6 months ago

          ‘Civil Asset Forfeiture’ and it’s a good thing it’s finally being applied to some oligarchs.

          • ShimmeringKoi [comrade/them]@hexbear.net
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            6 months ago

            The oligarchs that run my capitalist shithole have stolen money from the oligarchs that run another capitalist shithole, and the dumbest of the common people in my capitalist shithole, where the water is routinely toxic to drink, are celebrating as if it’s somehow a win for them too.

            • NauticalNoodle@lemmy.ml
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              6 months ago

              That explains it. You don’t know what it’s like to live outside of a shithole. How could you? Every time an oligarch is taken down, it’s a win for society.

              • ShimmeringKoi [comrade/them]@hexbear.net
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                6 months ago

                That’s the dumbest shit I’ve ever heard.

                A) There is no society. Margaret thatcher said as much when she started mass murdering poor people with a pen

                B) Actually no, its bad when an oligarch get eaten by another oligarch and not by the people, because then you have one oligarch with twice the power and no competition. You’re like a dirt-covered medieval peasant celebrating that your gout-ridden pedophile king has stolen the treasure hoard of another gout-ridden pedophile king.

                “My local oppressors are winning their game against their overseas rivals, this means I’m winning too!” Bro you’re not even on the team, you’re the ball.

                • NauticalNoodle@lemmy.ml
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                  6 months ago

                  So you consider Margaret Thatcher to still be an authority. Since you argued that less Oligarchs is worse, then what is the adequate number of Mega-rich oligarchs you want to live with?

  • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
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    6 months ago

    I’m so glad they finally did it because we’ll finally be able to put the narrative that Ukraine is losing because additional 61 billions wasn’t allocated to bed.

    • PolandIsAStateOfMind@lemmy.ml
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      6 months ago

      It will also destroy the last credibility US financial system have, piss off Russian capitalists and make them invest in the west even less. Win/win/win.

      Worse part is that will give maidan regime some more time to push even more Ukrainians into the grinder.

      • pingveno@lemmy.ml
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        6 months ago

        Russia’s GDP is dwarfed by the West. If Russian investors weren’t put off by having assets frozen when Russia invaded Ukraine in 2022, they’re unlikely to care about some more weapons. After all, the Russian people have seen many years of conflict. The rich are going to care about their hoards, not about the “special military operation.”

          • pingveno@lemmy.ml
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            6 months ago

            I don’t see where the question comes from. There are other driving forces in Russia behind the Ukraine War.

        • PolandIsAStateOfMind@lemmy.ml
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          6 months ago

          If Russian investors weren’t put off by having assets frozen when Russia invaded Ukraine in 2022

          They already were, why they would even put more money there when they are getting frozen, but as long as their funds are only frozen, they could still have hope that the entire issue gonna get resolved one day and they will get it back. If the money get confiscated, that’s entire another situation.

          Russia’s GDP is dwarfed by the West

          Muh GDP!

        • Aria@lemmygrad.ml
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          6 months ago

          The Russian capitalists did hate this. This war is incredibly unpopular among Russian capitalists.

          What PolandIsAStateOfMind is saying is that among those who were on the west’s side while still living within the Russian economic system, more than before will flip to embracing Russian finance, because their money will be irretrievable lost to western thievery. As long as the money hasn’t been spent, there’s a possibility that they’ll stick to liberal principles of private property. That means returning the money after the war. It’s naïve because the west already stole Afghanistan’s money as retaliation for Afghanistan winning the war against the USA.

          But some Russian capitalists might’ve been holding out upon the belief that the west’s racism was why they would steal Afghanistan’s money, but not do the same to white and west-worshipping capitalists oppressed by Russia’s state-oriented actions.

    • Viper_NZ@lemmy.nz
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      6 months ago

      Two years, hundreds of thousands of casualties, tens of thousands of equipment losses and burning through Russia’s future generation and financial reserve

      ‘Winning’.

      • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
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        6 months ago

        Imagine still guzzling propaganda uncritically after two whole years. If any of this was true, Russia would’ve collapsed long ago as the west was hoping.

          • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
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            6 months ago

            Ah yes, Russian propaganda as reported by mainstream western media. Those Putler puppets have now infiltrated once respected publications like NYT and WSJ. 🤡

            • Viper_NZ@lemmy.nz
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              6 months ago

              Visually confirming thousands of destroyed pieces of equipment while avoiding duplicates is hard and mistakes will be made. They’re corrected as they’re found.

              You’re happily felching Kremlin propaganda.

              • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
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                6 months ago

                Yes, visually confirming the same pieces of equipment over to convince gullible people of what they already want to believe. My favorite part about oryx is how they stopped reporting losses once Ukraine ran out of old Soviet equipment that they couldn’t pass off as Russian losses. All of a sudden when Ukraine started using primarily western equipment, oryx decided it was time to step away. 😂

                If these figures had any basis in reality, Russia would’ve collapsed a long time ago. The fact that you genuinely believe that Russia lost tens of thousands of pieces of military hardware along with the trained troops that operated them, and it’s still somehow winning shows that you’re utterly incapable of rational thought.

                • Viper_NZ@lemmy.nz
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                  6 months ago

                  Russia had the equipment (and a lot more) to lose. It’s quite realistic.

                  How you can consider a two year war where none of the original goals have been met a success is beyond me.

                  Russia has paid an enormous cost for very little in the way of gains. They haven’t even regained the land they retreated from in 2022.

                  But by all means. Keep cheering on Putin sending his people into a meat grinder in his pathetic 20th century war of conquest.

      • pingveno@lemmy.ml
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        6 months ago

        A day over a hundred years in the past that has no modern relevance. This is just the pigeonhole principle in action. If we avoided doing anything on a day where a villainous person did something vaguely of note, there would be no days left to do anything.

  • Flyberius [comrade/them]@hexbear.net
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    6 months ago

    Might as well have that over to some us ghouls in exchange for some old-new-stock weapons that will only prolong the suffering of ukrainians

    • MxM111@kbin.social
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      6 months ago

      Well EU is not far behind. But yes, if you damage country by attacking it and literally erasing towns in it, and capturing territory (the one you guaranteed to preserve and even defend by previous agreements), expect to pay.

      • dmnknf@lemmy.ml
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        6 months ago

        Wait, are you telling me US will be paying reparations to all the countries it bombed to the ground? Vietnam, Laos, DPRK, Afghanistan, Iraq, just to name a few?

      • ShimmeringKoi [comrade/them]@hexbear.net
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        6 months ago

        It’s true, I still remember when the rest of the world put those heavy sanctions on us for our barbaric and genocidal invasion of Iraq. It was tough, but that was the day I learned that international law is definitely a real thing.

  • Omega_Haxors@lemmy.ml
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    6 months ago

    unlock billions in frozen Russian assets “Ah they’re finally returning what they’ve stole-” for Ukraine

    … [exasperated swearing in eldritch tongue]

  • Wahots@pawb.social
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    6 months ago

    “The Russians were surprised when, right after the war started, the Europeans took the exact same measures as the United States, freezing all of the reserves that were there, and the Japanese did the same, which is why most of Russia’s reserves today are frozen in Western banks”

    Russia on the worldstage, lol: https://youtu.be/FIc_eKkMJVo