According to the Financial Times, the U.S. government recently proposed to the G7 that it should discuss how to confiscate and use Russia's frozen $300 billion in overseas assets.
The intentions of the Americans are obvious, and now they have no money to come up with, and the European side is not willing to continue to pay for it. Ukraine will be at risk of running out of funds, which means that Russia will win this war. So, the Americans began to play with the idea of Russian assets abroad. That's a $300 billion asset, and it's so good that it's still generating huge profits every year.
However, these assets are not in the hands of the United States, and most of Russia's overseas assets are in Europe. Washington is actually putting pressure on the EU, but the EU is very cautious, or rather, they dare not choose this solution.
According to reports, it was the United Kingdom, Canada, and Japan that gave the US side this advice, and Washington thought it was reasonable, so it began to put pressure on the EU. Britain, Canada and Japan, they are either old enemies of Russia, or they are protected by big brothers, and they are not afraid of Russia. Of course, we also know that this is actually what the Americans mean, but through their mouths, the Americans act as the good guys. As a result, four members of the G7 group support the proposal, and if they vote, they will win.
But a closer look reveals an interesting fact: Russia's assets in Europe are actually frozen by the EU, while the United States has to negotiate with the G7 on how to dispose of EU assets. Because the Americans know very well that the EU is unlikely to agree to their proposals, and the United States can reach an overall resolution by voting in the G7, including France, Germany and Italy. It is tantamount to a roundabout attempt to take this asset away from the EU.
In our analysis, there are two reasons why the EU does not agree. Before the Russia-Ukraine conflict, Russia cooperated closely with Europe, and there were investments in European countries, of course, most of them were concentrated in the energy sector, which was related to Russia's energy supply industry. These industries are still running and profitable. Now that these assets are in the hands of the EU, they can still provide services and profits to European countries as normal, and a considerable part of them are co-invested with European companies. The Americans say take it and take it, how can there be such a cheap thing.
Another and most important point is that Europe and Russia have maintained close cooperation for more than ten years, Russia has invested in Europe, and European companies have invested more in Russia. According to incomplete statistics, the total assets of European companies in Russia exceed 500 billion euros, and Russia's approach is the same as that of the European Union, temporarily keeping and operating for them. Therefore, if the EU dares to touch Russia's $300 billion, then Russia can rightfully laugh at the EU's $500 billion.
The president of the European Commission, a loyal pawn of the Americans, von der Leyen, recently came up with a bad idea on this topic. She knew that the European Union could not agree to the Americans' plan, so she offered to use a large part of the annual profits generated from the $300 billion in assets to support Ukraine. Isn't this tantamount to reminding Russia that it can use the profits generated by EU assets at will? I wonder what von der Leyen thinks, does she think that the Russians will not have the guts to do so?
All in all, the Americans have long been red staring at so many assets, and Russia has cards in its hands and is not afraid that the EU will not follow the rules!