#RUSSIA: Confiscation and the EU: Michael Bernstam Hoover Institution.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 1 March 2024
⏱️ 9 minutes
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Summary
#RUSSIA: Confiscation and the EU: Michael Bernstam Hoover Institution.
https://www.msn.com/en-us/news/world/european-commission-president-ursula-von-der-leyen-urges-using-frozen-russian-assets-for-ukraine/ar-BB1j2Rbn
1910 Brussels
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| 0:00.0 | This is a |
| 0:05.2 | This is CBS I on the world with John Bachelor. |
| 0:09.7 | Here's John Bachelor |
| 0:12.3 | Watching the Russian economy under severe sanctions and, according to informants, |
| 0:18.0 | prospering or growing quite unexpectedly |
| 0:23.7 | surging everything for the front all defense all the time full employment there are lots of things to be said |
| 0:30.7 | however what is fixed is what about the $300 billion of assets |
| 0:36.4 | that are outside of Russia's reach right now in possession of supervision by |
| 0:42.0 | the EU, by NATO, by the US, by the finance ministers of the world. |
| 0:48.0 | Michael Bernstab, he is at the Hoover Institution, he is also my guide on the Russian economy under severe sanctions. |
| 0:56.0 | Michael, it's back every time we deal with, what about the $300 billion and say, |
| 1:02.0 | this is not a good idea confiscation can be overused and by the way |
| 1:07.4 | there will be consequences if you start confiscating right now because in |
| 1:11.9 | future it will be cited as a precedent. However, that has not in |
| 1:15.8 | any way stemmed the suggestions. Janet Yellen, you tell me, speaks up at a meeting of |
| 1:22.2 | finance ministers in Brazil and then most |
| 1:24.6 | important to me the president of the European Commission Ms. Vanderline |
| 1:28.5 | speaks up saying yes we must look at it, not only the money for reconstruction of Ukraine, but the windfall |
| 1:37.5 | profits of the $300 billion to be used for war fighting, for ammunition. |
| 1:43.2 | Michael, they're moving the story very quickly. |
| 1:46.3 | What again is it that they're debating, especially this term windfall profits? |
| 1:52.1 | What is that Michael? Good evening to you and the third |
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