Europe Decides Whether to STEAL Russia's Money

Harold Turner
Hal Turner Show

Today there will be a meeting in Brussels where the European Union (EU) will decide whether to steal Russia's $210 Billion Sovereign Wealth Funds. If the EU does that, companies around the world are expected to withdraw funds from Europe because they can no longer trust that government to act within the law.

When Russia launched its Special Military Operation inside Ukraine, European governments clutched their pearls and threw a hissy fit. Then they decided that they had some right to "freeze" Russia's Sovereign Wealth Funds. This is a problem: Russia did not violate any European Law and as such, its funds cannot be frozen or seized.

Those little factual details didn't matter to the shrieking Europeans; they froze Russia's money anyway.

This sent a shot-across-the-bow of every entity that does business in or with Europe. If the EU can simply decide that they have some right to grab someone's money despite no law having been violated, then no one is safe.

So the EU decided initially they would "pledge" the Dividends from Russia's money as collateral for loans to Ukraine. The EU had no legal authority to do THAT either. It's Russia's money, not Europe's. Europe has no legal standing to do any of this -- but they went ahead and did it anyway.


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