Episode 1642 • • 20:13 - 23:47
1642: Million Morons
European Union, Seized Russian Asset Profits for Ukraine
The European Union and Euroclear are planning to divert interest profits generated by €190 billion in frozen Russian assets to fund the Ukrainian war effort. The Financial Times reports that payments could begin as early as July. The hosts question the legality and ethics of using interest from seized sovereign funds while the underlying assets remain frozen.