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BIG PICTURE w\/ James Patrick (Planet Lockdown)<\/span><\/a><\/div>\n\n\n\n
#European_Suicide<\/a>-"Violation of the international legal order": despite stern warnings from the ECB, von der Leyen announces that the 27 will proceed with the theft of Russian assets "I think the decision has been taken by the member states. The 27 have agreed that we should use the windfall [from the frozen Russian assets]," she said after a European summit.The first payments, which we estimate at around 2.5-3 billion euros a year for the first year, could be accessed and invested to support Ukraine's military needs.The previous day, however, ECB President Christine Lagarde had formally opposed this move: "I have seen four different proposals to get around what many lawyers consider to be a very serious legal obstacle......which can be interpreted as a violation of the international legal order.""The transition from freezing assets to confiscating them, and then transferring them, needs to be examined very carefully."A diplomatic way of saying that whatever varnish the Westerners apply, the rest of the world is not fooled and can see that this is a case of outright theft. And that as a result, the euro, a monkey's currency that relies solely on the trust placed in it, will bear the full brunt of the consequences.\u27a1\ufe0f<\/b><\/i>\u27a1\ufe0f<\/b><\/i> "Against common sense": theft of Russian assets accelerates de-dollarization, says Moscow<\/div>\n\n