The Demolition of Russia's Economy

Nowhere is mentioned what his crimes were and whether they were proven in a court of law. None of this frozen assets are sold or used for anything by law unless it is proven in court that the funds were obtained illegally or are tue proceeds of criminal activity.

Comments like "the proceeds are used to rebuild Ukraine" are pure and utter bullshit at best and from a truth perspective utter lies.

A U.S. court decision has determined that the money from the seized Russian assets will be used to re-build Ukraine.

Nearly a year after seizing this oligarch’s luxurious 255-foot superyacht, the US Department of Justice has struck again, seizing the billionaire’s opulent homes in the Hamptons, New York City, and Miami worth a staggering $75 million.
https://luxurylaunches.com/other_stuff/viktor-vekselberg-homes-seized-in-the-usa.php
 
https://oilprice.com/Geopolitics/In...ect-Could-Derail-Putins-Arctic-Ambitions.html

Scrapped Railway Project Could Derail Putin’s Arctic Ambitions
By The Jamestown Foundation - Feb 23, 2023, 2:00 PM CST
  • Russian President Vladimir Putin has big plans for Arctic trade and development.
  • The Russian government has canceled a key railway project despite Putin’s repeated orders to the contrary.
  • The planned railway was a critical piece of infrastructure, and its cancelation could throw a wrench in Putin’s plans.
Moscow’s ability to develop its own resource-based economy, expand the Northern Sea Route, cement ties with China and support Vladimir Putin’s ambitions to project power into the Arctic depends on the development of land-based infrastructure in the northern regions of the Russian Federation (see EDM, April 29, 2016; September 11, 2018; December 6, 2018). Yet, that ability has now been called into question, as the Russian government has canceled, despite Putin’s repeated orders to the contrary, a program to complete the broad-gauge Northern Broad-Gauge Railway. The route was intended to link settlements that support the Northern Sea Route, military bases and the locations of key sources of raw materials across the Russian North with the rest of the country (see EDM, July 6, 2021; The Barents Observer, September 27, 2021; Ura.news, December 30, 2022, Svpressa.ru, February 19). Without such a rail line, in fact, Moscow will not be able to achieve its economic and geopolitical goals in the region, according to some Russian observers, as there simply are not enough alternative routes to support them (Ura.news, October 7, 2022; Regnum, August 30, 2022).

This planned railway is crucial due to the lack of other land-based infrastructure in the Russian North. At present, few regular highways exist in the region, and the melting of the permafrost makes constructing more roads extremely difficult, time-consuming and expensive (Profile.ru, December 22, 2022). The ice roads Russia has long relied on are now ever-more difficult to maintain and accessible for ever-fewer months of the year for the same reason (T.me/Torbozne_radio, January 4; Yakutiafuture.ru, January 6). And air carriers cannot make up the gap, not only in exporting tons of raw materials but also in supplying northern settlements, ports and bases. The number of airports in the Russian North has declined by more than 80 percent since the collapse of the Soviet Union (Window on Eurasia, February 15).

These dangers are already raising alarm among Russian economic and strategic thinkers. Indeed, their calculations and concerns help explain why Putin pressed for the Northern Railway in the first place. Now, with the project having been effectively axed, their worries are mounting. (For a comprehensive discussion of the economic and political impact of Russia’s broader infrastructure problems, see Profile.ru, July 25, 2022; for their specific impact on the military in the North, see Nezavisimoye voyennoye obozreniye, December 2, 2021). In a recent article, Aleksandr Shalak lays out the impact of particular challenges in the Arctic on the domestic economy and the growth of the Northern Sea Route (Jhist.bgu.ru, accessed February 22). He points out that settlements, bases and natural-resource sites in the Russia North require land-based infrastructure because the other routes cannot carry enough cargo. However, Shalak argues, Russia will not be able to handle more than 1 percent of Asia-Europe trade on the Northern Sea Route or otherwise project power into the Arctic Sea, regardless of what Russian leaders might be saying.

As a result, and with growing frequency in recent years, Russian officials have placed their hopes in the construction of a major railway across the Russian North. Discussion of such a line goes back to imperial times (Svpressa.ru, February 19; for general discussions of building railways in the north, largely on the model of the Trans-Siberian Railway, see Historicus.ru, accessed February 22). Actual construction began using Gulag prisoners at the end of Stalin’s rule, though it was suspended upon his death. And a new push for this line emerged in the past decade, with many brave words being said about what it would mean for the Russian North and the country more generally. But, in reality, little work was actually carried out on the ground. Now, even planning has been suspended, a development that makes it unlikely that, in this decade or the next, the Russian North will have the land-based infrastructure that Moscow needs if its hopes are to be realized.

What appears to be this project’s death knell, at least for the time being, is instructive in its own right. It occurred not with some dramatic single action by the Kremlin but in a rolling fashion as has often been the case with the backtracking of decisions under Putin. In April 2021, to much acclaim, the Russian president called for construction of the Northern Broad-Gauge Railway to begin, with the goal of completing the project in the next few years. Yet, despite Putin’s words, nothing happened, at least in part because of the COVID-19 pandemic, increased spending for his war against Ukraine and the impact of Western sanctions. Then, in 2022, Putin issued a new order for the project to go ahead. Again, nothing happened. Instead, less than a month later, Marat Khusnullin, a Russian deputy prime minister, quietly stopped all work on the project without giving anyone reason to think it would be resumed. Indeed, many Russian experts and commentators concerned with infrastructure issues believe that this railway plan has come to the end of its line, and one has even suggested that the cancellation of this project puts “a cross on the future of Russia” (Svpressa.ru, February 19).

Khusnullin, who announced the completion of half the project, is, as many have noted, a Kazan Tatar, and some in the Russian Federation think he made this decision to find funds to pay for one of his own pet projects: a super highway connecting Moscow and Kazan (Ura.news, December 30, 2022). But whatever his true intentions, the decision highlights two factors of enormous consequence in Russia today. On the one hand, it underscores the fact that, in today’s Moscow, junior officials can sabotage even a critical security-related infrastructure project that the Kremlin leader has made clear he is prioritizing. And on the other, it shows just how tight the Russian budget has become and how that is affecting even high-priority plans, such as those for the Arctic. This in turn means that most of what Putin has talked about in developing the Russian North is just that, talk. And alarmist reactions in the West reflect the fact that too much attention is paid to what Putin says and too little to what is actually happening after he says it. Unless money is found, and soon, to restart this project, Putin and Russia will have a difficult time trying to achieve their goals in the Arctic.

By the Jamestown Foundation


No problem. China will build the needed infrastructure for Putin. For a price. It's ok, though. After all, Russia and China are the best of buddies, right?
 
Nowhere is mentioned what his crimes were and whether they were proven in a court of law. None of this frozen assets are sold or used for anything by law unless it is proven in court that the funds were obtained illegally or are tue proceeds of criminal activity.

Comments like "the proceeds are used to rebuild Ukraine" are pure and utter bullshit at best and from a truth perspective utter lies.

Earlier in this thread I provided the U.S. court case which established that all assets seized from Russian oligarchs would be used to rebuild Ukraine and not merely frozen. This is now official U.S. government policy.
 
https://oilprice.com/Energy/Energy-...s-Germany-Secures-Long-Term-Gas-Supplies.html

Putin’s Energy Gamble Backfires As Germany Secures Long-Term Gas Supplies
By Simon Watkins - Feb 27, 2023, 6:00 PM CST
  • German reliance on Russian gas has made the Kremlin believe it could get away with invading Ukraine.
  • LNG supply from both the U.S. and Qatar to Germany took a flight since the beginning of the invasion.
  • The U.S. has been instrumental in convincing third-party LNG suppliers to redirect supply to Europe.
Germany’s reliance on cheap and plentiful supplies of Russian gas was one of three key factors that led President Vladimir Putin to believe that Russia could invade Ukraine and get away with it. A second factor was the Russian president’s belief that the NATO security alliance would use the same ‘Macbeth Response’ (‘full of sound and fury, signifying nothing’) to Russia’s invasion of Ukraine as it did to Russia’s invasion of Georgia in 2008 and to Russia’s invasion of Crimea in 2014. A third factor was that Putin thought that Russia would be in control of Ukraine within three days of the invasion of 24 February 2022 due to its cutting-edge military capabilities and the broadly welcoming embrace of Ukraine’s inhabitants. As it became clear that he had grossly miscalculated factors two and three, Putin still held on to the belief that Germany’s resolve, and in turn Europe’s and NATO’s, to not allow Russia to get away with its Ukraine adventure might crumble – he still partly does, according to sources in the European Union’s (EU) energy security apparatus exclusively spoken to by OilPrice.com. However, given a slew of new gas supply deals into Germany secured for the long-term, Putin’s hope looks increasingly ill-founded.

There was every reason for Putin to be optimistic that Germany would do little to deter Russia from occupying Ukraine even as late as the day before the invasion. In broad terms, Germany’s economic might, which made it the de facto leader of the European Union of 27 member states, had been established on two foundation stones. The first was the replacement on 1 January 1999 of the mighty deutschmark with the feeble euro, which immediately made Germany’s exports much more competitive and led to the export-fuelled economic growth explosion of the following years. The second was the import of as much cheap gas from Russia as Germany needed to power the manufacturing boom that fuelled this export explosion. By the beginning of 2022, Germany was reliant on Russian gas for around 30-40 percent of its own commercial and domestic gas needs, depending on the time of year, and for about 30 percent of its total oil imports as well. This dependence had been planned by Germany to increase, with the completion in September 2021 of the Nord Stream 2 gas pipeline running from Russia to Germany.

Additionally encouraging for Putin was that Germany, along with Putin’s other perceived weak link in Europe – France - had also been instrumental in formulating the ‘Minsk 2’ agreement in February 2015. This agreement, among other contiguous policies aimed at appeasing Putin, enshrined the idea of autonomy for the Russian separatist-held regions of Donetsk and Luhansk within the Ukraine constitution. Germany had also been the most vociferous opponent to the U.S. in its reimposition of sanctions on Iran after Washington’s unilateral withdrawal from the Joint Comprehensive Plan of Action (colloquially, ‘the nuclear deal’) in May 2018. Germany’s then-Foreign Minister, Sigmar Gabriel, had warned: ‘We also have to tell the Americans that their behaviour on the Iran issue will drive us Europeans into a common position with Russia and China against the USA.’ Shortly after that, Germany was a key mover in the EU’s introduction of a special purpose vehicle – the ‘Instrument in Support of Trade Exchanges’ – that would act as a clearing house for payments made between Iran and EU companies.

If Russia had been able to effect such a victory within a week in Ukraine, or had even managed just to secure the capital, Kiev, within that timeframe, then it is highly likely that events would have run the same course as they had in Russia’s effective invasion of Crimea in 2014. However, within the first week of the invasion, it had become clear that not only was there no support by Ukrainians for the Russian presence in their country but also that the Russian military of 2022 was not of the calibre that had been expected. It appeared to many that the endemic corruption that had grown into the fabric of the new Russia since the dissolution of the USSR in 1991 had also made rotten its fighting machine. In essence, the Russian forces that had been designated to take Kiev quickly had broken down along the key road that would have led them into the capital, stranded by poor quality machinery, dismal logistical planning, and a paralysed command structure. It was obvious to Europe that if Russia had invaded one of the NATO countries – with their air capabilities - then this entire invasion convoy, stretching for over 40 miles, would have been destroyed within two or three hours. It was also obvious to the West that if Ukraine could hold the Russians off with the limited resources it had, then this might be an excellent opportunity to engage Putin in a proxy conflict, albeit delicately done, given Russia’s usable nuclear threat.

The U.S. knew at that point that it was essential to organise new gas supplies into Europe as a whole and into Germany in particular as soon as possible, otherwise this moment of realisation in Europe of Russia’s frailty would be lost a catalysing moment of geopolitical change across the continent. Immediately, moves were made to move more U.S. liquefied natural gas (LNG) to Europe but, in tandem with this, the U.S. brought pressure to bear on other leading global suppliers of LNG (which can be supplied much quicker and easier than pipelined gas) to make supplies available to Germany. A very early example of this was Qatar, which in May 2022 signed a declaration of intent on energy cooperation with Germany aimed at becoming its key supplier of LNG. These plans would run in parallel with, but were likely to be finished significantly sooner than, the plans for Qatar to also make available to Germany sizeable supplies of LNG from the Golden Pass terminal on the Gulf Coast of Texas. The U.S.’s ExxonMobil holds a 30 percent stake in the Golden Pass project, with QatarEnergy holding the rest. The U.S. was also behind the two sales and purchase agreements signed in December 2022 between QatarEnergy and the U.S.’s ConocoPhillips to export LNG to Germany for at least 15 years from 2026.

Since those early deals, new deals with new suppliers for Germany have begun to appear, again in which the U.S.’s hand is present, if one looks closely enough. News emerged towards the end of 2022 that Germany and Oman were in advanced talks to sign a long-term deal for LNG lasting at least 10 years, with the initial amounts touted as being in the 0.5-1 million tonnes per annum level. Last week saw the Abu Dhabi National Oil Co. (ADNOC) deliver 137,000 cubic metres of LNG – its first to Germany – for the Elbehafen floating storage regasification unit (FSRU) LNG terminal in Brunsbüttel. This is likely to be one of many further deliveries, according to ADNOC Gas acting chief executive officer, Ahmed Alebri, who said: “ADNOC Gas stands ready to provide further shipments of this key transition fuel to our partner, RWE and German industry.” The U.S. made it very clear after discovering in December 2021 that China had been building a secret military facility in the UAE’s Khalifa Port area that it looked forward to a new phase in its relationship with the UAE, a senior legal source who works closely with the U.S. Presidential Administration exclusively told OilPrice.com at the time. Brunsbüttel is the third FSRU to begin operations in Germany after the startup of the Wilhelmshaven facility in December and the Lubmin unit in early January. Germany’s economy ministry expects Germany to have 37 billion cubic mtpa of LNG import capacity available by 2024.

By Simon Watkins for Oilprice.com
 
Nowhere is mentioned what his crimes were and whether they were proven in a court of law. None of this frozen assets are sold or used for anything by law unless it is proven in court that the funds were obtained illegally or are tue proceeds of criminal activity.

Comments like "the proceeds are used to rebuild Ukraine" are pure and utter bullshit at best and from a truth perspective utter lies.

You better read the U.S. Court decision which set the precedence that all frozen Russian oligarch assets in the U.S. will be seized and used to rebuild Ukraine --- as outlined here:
https://www.elitetrader.com/et/thre...-russias-economy.365475/page-120#post-5758725
 
That can't be true. So, the US now strips ANY wealthy just because he or she is Russian and steals their wealth? Why am I not surprised.

Earlier in this thread I provided the U.S. court case which established that all assets seized from Russian oligarchs would be used to rebuild Ukraine and not merely frozen. This is now official U.S. government policy.
 
Thought so: total lies, all fabricated. I clicked through all the links, nowhere is mentioned that any wealth of a Russian oligarch has been redirected to rebuild Ukraine absent any law court that established that those funds were ill obtained. In fact no link mentions at all any redirecting of those funds.

Why would you perpetuate spreading such lies?

All of those frozen Russian assets worth billions in dollars -- will all be allocated over time to re-building Ukraine. This decision sets the standards for the U.S. position.

US allocates $5.4 million confiscated from Russian oligarch to help rebuild Ukraine
https://kyivindependent.com/news-fe...from-russian-oligarch-to-help-rebuild-ukraine
 
That can't be true. So, the US now strips ANY wealthy just because he or she is Russian and steals their wealth? Why am I not surprised.

hopefully - and rightly so.

this has be done in every country of the free world.

every russian who became rich within the last 20 years or so is a supporter of system putin / oppression / dictatorship. otherwise he wouldn't have become rich.

and now it is time to pay back.

justice has to be done.

ukraine will be rebuilt.
 
Thought so: total lies, all fabricated. I clicked through all the links, nowhere is mentioned that any wealth of a Russian oligarch has been redirected to rebuild Ukraine absent any law court that established that those funds were ill obtained. In fact no link mentions at all any redirecting of those funds.

Why would you perpetuate spreading such lies?

Have you actually read the article? Let's start with the headline -- tell us what the headline says.

Here are a few additional news reports about the case seizing Malofeyez's assets and the implications. This U.S. court case coupled with legislation signed by Biden sets the legal precedence in the U.S. of what will be done with seized Russian assets. The money will be sent to rebuild Ukraine.


US to use money seized from Russian oligarch Konstantin Malofeyev for Ukraine aid
https://www.scmp.com/news/world/uni...ian-oligarch-konstantin-malofeyev-ukraine-aid
  • US Attorney General Merrick Garland has authorised the first-ever transfer of forfeited Russian assets for use in the war-torn country
  • Malofeyev is considered one of the main sources of funding for pro-Russian separatists in eastern Ukraine
US To Give Money Seized From Russian Oligarch To Ukraine As Aid: Report
The money will come from assets confiscated from Russian oligarch Konstantin Malofeyev after his indictment on sanctions evasions in April.
https://www.ndtv.com/world-news/us-...ian-oligarch-to-ukraine-as-aid-report-3752585

US allocates $5.4 million confiscated from Russian oligarch to help rebuild Ukraine
https://www.yahoo.com/now/us-allocates-5-4-million-222725750.html

Russian oligarch ordered to forfeit $5.4 mln to U.S., Ukraine may get funds
https://www.reuters.com/world/europ...t-54-mln-us-ukraine-may-get-funds-2023-02-02/

Even Kremlin news outlet Russia Today covered this news.

US announces first transfer of seized Russian assets to Kiev
Money confiscated from a Russian businessman will be made available to 'support the people of Ukraine'
https://www.rt.com/business/570949-us-russia-assets-ukraine/
 
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