EU vs Russia: Russia's Pocketbook Takes a Hit! 💸🔒 | The Gaze
12.22.2023
11:23
#thegaze #Russia #EU #EconomicRestrictions
The European Union just dropped a financial bomb on Russia! In a historic move, the EU has given the green light to seize Russian assets as part of its 12th package of economic restrictions. This isn't your regular slap on the wrist – we're talking about the first-ever authorization for confiscating frozen funds belonging to sub-sanctioned entities and individuals. Brussels is turning the tables, allowing the seized money to be redirected to European companies that had their property snatched by Moscow on its own turf. The shocker? Russia retaliated by seizing assets from entrepreneurs of so-called "unfriendly countries" on December 19. Get ready for the financial fallout as we break down the high-stakes game of economic chess between the EU and Russia!
Show More