For the first time, the United States transferred funds confiscated from a Russian businessman to Ukraine, CNN reports.
We are talking about the amount of 5 million 379 thousand 876 dollars and 94 cents, which were stored in the account of businessman Konstantin Malofeev at Sunflower Bank. The Russian was sanctioned by the United States in 2014, and then again - in April 2022 - for actions allegedly aimed at undermining the sovereignty and integrity of Ukraine.
This is the first case of the confiscation by the American authorities of the assets of Russians who found themselves under sanctions, and the first time when funds are sent to help Ukraine.
CNN
Reuters
3 million are literal peanuts
In EU alone Russia stored half of their war chest in foreign currency 300 billion out of 600 billion total
Multiple Boris Yeltsin Era oligarchs have their mega yachts moored and wealth frozen totalling at 30 billion at most.
Total Russian trade to countries with stable currencies total in one trillion.
US started planning this late December 2022.
To say the least if EU follows suit, Russia's banking would be crippled to.
Local russian banks have their apps banned
Let's start with bank Tinkoff. State took control of the bank and instituted limits, trying force people convert dollars to rubles, in attempt to bolster barely floating ruble.
On top of it all Tinkoff added 1% comission of what you have in bank account and 3% for every incoming payment and hard 200 USD Dollar fee of every incoming amount.
Tinkoff is only bank that isn't sanctioned.
Alpha Bank got it's apps banned after if it was sanctioned. Alpha Bank is biggest bank in Russia and will screw you and report all activity to state and add their own fees.
VTB was another bank that was sanctioned and is under state controlled and gets exact same treatment from Russian state.
Very weak ruble depends on foreign currencies
If US encourages scuttling mega yachts and transfering Russian assets. Russian economy will be crippled for decades on top of ongoing sanctions from EU countries, Taiwan and Japan to name few.
Furthermore job losses, inflation and snowballing population affects over half of million Russians
For your sake I hope EU doesn't start full on wealth redistribution of Russia to Ukraine during this shitshow since you will feel it. Because
Adding low living standards and low real wages make life of Russians even more miserable.
If one trillion is cut out of Russian economy, it's return to late 80s for Russia.
