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France Freezes Russian Assets France has frozen approximately €19 billion ($21 billion) of Russian assets, primarily belonging to the Russian Central Bank, with the majority of these assets held within the European Union's financial system. As of March 2022, the French Finance Ministry reported freezing €22.8 billion out of €23.7 billion in Russian assets, mostly linked to the Central Bank. These figures align with broader EU and G7 actions that have immobilized around €200–300 billion of Russian state assets since the 2022 invasion of Ukraine.While France has consistently opposed the outright seizure of these frozen assets due to concerns over breaching international law and destabilizing European financial markets, it supports using the interest generated from them to aid Ukraine. In March 2025, French Armed Forces Minister Sébastien Lecornu announced that France would allocate €195 million in interest from these frozen assets to fund military aid for Ukraine, including artillery shells and glide bombs for Mirage 2000 fighter jets.High-level French officials, including President Emmanuel Macron and Finance Minister Eric Lombard, have emphasized that the assets themselves cannot be seized because they belong to the Russian Central Bank and are protected under international agreements. However, there has been growing internal and European debate on leveraging these assets as security for loans or as negotiation tools in potential peace deals. The French parliament passed a nonbinding resolution in March 2025 urging the EU to consider seizing the assets to support Ukraine, though the government maintains that any such action must occur within a broader EU legal framework to avoid financial risks.Ok, let me share the more "intimate" details if I can get back there:
France Seizes Russian Funds France has not spent the principal amount of the frozen Russian assets, but it has used the interest generated from these frozen assets to fund military aid for Ukraine. In March 2025, French Defense Minister Sébastien Lecornu announced that France would use the interest from frozen Russian assets to provide an additional €195 million ($211 million) in military aid to Ukraine. This funding will support the supply of 155-mm artillery shells and AASM glide bombs for Ukrainian Mirage 2000 fighter jets, as well as older French military equipment like AMX-10RC tanks. The use of interest, rather than the principal, aligns with the principle that the assets remain frozen and are not being appropriated, with the understanding they will be returned at the end of sanctions or upon a peace agreement. While discussions are ongoing within the EU and G7 about the potential use of the principal assets—such as using them to guarantee loans for Ukraine or as leverage in ceasefire negotiations—France has not yet spent the principal amount.Hey France - you can't use "interest" on frozen funds stolen - duh!
Gracious - when will these "eu" elitist realize - the whole damn world is leaving them behind - and Starmer you can stammer on - but the uk is really a place lost its way damn near the most of all - ask your pals there in the City of London - think they are exempt and whatnot - ask em - "where is the gold".
I think it has departed the uk and if Switzerland thinks they got the dibs on that - oh how wrong they are. And this reminds me - who is that entity out of Belgium I think I read - holds most of the funds from Russia that were "frozen". Moreover, next time you see you pal Macron - ask him - has France already spent funds stolen? If so, could be France is first on the chopping block of Justified Retribution - but fret not - the uk ain't far behind.
Gracious - what a shit show of puppets.