Ako vyu\u017ei\u0165 zmrazen\u00e9 rusk\u00e9 akt\u00edva Adolfa Putina pre Ukrajinu. Z\u00e1padn\u00ed politici h\u013eadaj\u00fa alternat\u00edvny zdroj financi\u00ed. Ich poh\u013ead sa uprel na akt\u00edva v hodnote 260 mili\u00e1rd eur (282 mili\u00e1rd dol\u00e1rov) patriace Rusku, ktor\u00e9 boli zmrazen\u00e9 od jeho rozsiahlej inv\u00e1zie pred dvoma rokmi. Rastie hlu\u010dnos\u0165 na podporu mor\u00e1lnych a praktick\u00fdch d\u00f4vodov pou\u017eitia t\u00fdchto pe\u0148az\u00ed na pomoc pri platbe za obranu Ukrajiny. <\/p>\n
27. febru\u00e1ra Janet Yellenov\u00e1, americk\u00e1 ministerka financi\u00ed, vyzvala na odomknutie hodnoty t\u00fdchto akt\u00edv. V\u00e4\u010d\u0161ina portf\u00f3lia sa v\u0161ak nach\u00e1dza v Belgicku a Eur\u00f3pska \u00fania je rozdelen\u00e1, pokia\u013e ide o m\u00fadros\u0165 a z\u00e1konnos\u0165 jej vyu\u017eitia.<\/p>\n
T\u00ed, ktor\u00ed chc\u00fa s peniazmi nie\u010do urobi\u0165, maj\u00fa pravdu, ale ve\u013emi z\u00e1le\u017e\u00ed na tom, ako sa to rob\u00ed. Zabavi\u0165 majetok priamo by bola chyba. Sankcie historicky prich\u00e1dzaj\u00fa s upozornen\u00edm, \u017ee ak agresor ako Rusko zmen\u00ed svoje spr\u00e1vanie, m\u00f4\u017ee dosta\u0165 svoje peniaze sp\u00e4\u0165. Repar\u00e1cie sa zvy\u010dajne vyjedn\u00e1vaj\u00fa s porazen\u00fdm \u0161t\u00e1tom po ukon\u010den\u00ed nepriate\u013esk\u00fdch akci\u00ed, nie s\u00fa ulo\u017een\u00e9 a presadzovan\u00e9, k\u00fdm gu\u013eky lietaj\u00fa.<\/p>\n
Zobratie pe\u0148az\u00ed by prispelo k n\u00e1zoru, ktor\u00fd je u\u017e na glob\u00e1lnom juhu be\u017en\u00fd, \u017ee Amerika a jej spojenci dodr\u017eiavaj\u00fa medzin\u00e1rodn\u00e9 pr\u00e1vo len vtedy, ke\u010f im to vyhovuje. Preto\u017ee Z\u00e1pad tvrd\u00ed, \u017ee rusk\u00e1 inv\u00e1zia je nez\u00e1konn\u00e1, zav\u00e1\u0148a to pokrytectvom.<\/p>\n
Napriek tomu je zjavn\u00e1 nespravodlivos\u0165, ktor\u00fa Ukrajina utrpela, jej potreba hotovosti je naliehav\u00e1 a financie z\u00e1padn\u00fdch vl\u00e1d s\u00fa nap\u00e4t\u00e9. Pr\u00e1vnici sa teda sna\u017eia n\u00e1js\u0165 d\u00f4myseln\u00e9 mechanizmy, pomocou ktor\u00fdch by bolo mo\u017en\u00e9 leg\u00e1lne vyu\u017ei\u0165 rusk\u00e9 portf\u00f3lio. Ich pl\u00e1ny zah\u0155\u0148aj\u00fa prenesenie n\u00e1roku na repar\u00e1cie z Ukrajiny na Z\u00e1pad a ich zapo\u010d\u00edtanie s rusk\u00fdmi akt\u00edvami. Napriek tomu s\u00fa aj t\u00ed najm\u00fadrej\u0161\u00ed pln\u00ed pr\u00e1vnych a politick\u00fdch riz\u00edk .<\/p>\n
Existuje jednoduch\u0161\u00ed sp\u00f4sob. Pribli\u017ene 190 mili\u00e1rd eur akt\u00edv kontroluje v Belgicku spr\u00e1vca Euroclear. Investi\u010dn\u00e9 v\u00fdnosy a spl\u00e1tky istiny, ktor\u00e9 by preniesol do Ruska, sa namiesto toho hromadia ako hotovostn\u00fd zostatok, ktor\u00fd v s\u00fa\u010dasnosti predstavuje pribli\u017ene 132 mili\u00e1rd EUR a ktor\u00fd m\u00f4\u017ee banka Euroclear so ziskom investova\u0165. Argument, \u017ee Rusko nem\u00e1 pr\u00e1vo na tieto v\u00fdnosy, je relat\u00edvne nekontroverzn\u00fd, v neposlednom rade preto, \u017ee Euroclear zvy\u010dajne neplat\u00ed \u00faroky z dr\u017eby hotovosti.<\/p>\n
Bezplatn\u00e9 financovanie pom\u00e1ha spolo\u010dnosti Euroclear dosahova\u0165 mimoriadne zisky. e\u00fa u\u017e nariadila firme , aby ich oddelila a nerozdelila akcion\u00e1rom; 28. febru\u00e1ra Ursula von der Leyen, predsedn\u00ed\u010dka Eur\u00f3pskej komisie, povedala, \u017ee je \u010das hovori\u0165 o tom, ako vzia\u0165 peniaze a posla\u0165 ich Ukrajine. To by poskytlo odkvapk\u00e1vanie financi\u00ed: Euroclear v roku 2023 zarobil z akt\u00edv 4,4 miliardy eur.<\/p>\n
E\u00da by mohla by\u0165 lep\u0161ia . Tok pr\u00edjmov z rusk\u00fdch akt\u00edv bude pokra\u010dova\u0165. E\u00da by preto mohla spusti\u0165 a zaru\u010di\u0165 vozidlo, ktor\u00e9ho dlhy s\u00fa spl\u00e1can\u00e9 z pr\u00edjmov z rusk\u00fdch fondov. Vydan\u00edm dlhopisov by tento n\u00e1stroj mohol z\u00edska\u0165 ve\u013ek\u00fa sumu vopred, ktor\u00e1 sa po\u0161le priamo na Ukrajinu. Investovanie hotovostn\u00e9ho zostatku 132 mili\u00e1rd eur do p\u00e4\u0165ro\u010dn\u00e9ho nemeck\u00e9ho dlhu by prinieslo pribli\u017ene 3,2 miliardy eur ro\u010dne, \u010do by sta\u010dilo na obsluhu takmer 114 mili\u00e1rd eur spolo\u010dn\u00e9ho dlhu e\u00fa pri rovnakej splatnosti. \u010c\u00edsla sa zv\u00fd\u0161ia, ke\u010f sa viac rusk\u00e9ho portf\u00f3lia prevedie do hotovosti. Tak\u00e9to ve\u013ek\u00e9 sumy by teraz zaplatili za mun\u00edciu a z\u00e1rove\u0148 by signalizovali Rusku, \u017ee Ukrajina m\u00e1 ekonomick\u00fa silu na vedenie vojny.<\/p>\n
Ak by Rusko nikdy nedosiahlo mier za uspokojiv\u00fdch podmienok, EU by nikdy nemusela min\u00fa\u0165 ani cent z vlastn\u00fdch pe\u0148az\u00ed na obsluhu dlhu. Ak by sa tak stalo, e\u00fa by mohla skon\u010di\u0165 na h\u00e1ku \u2013 ale za tak\u00fdchto okolnost\u00ed by tie\u017e z\u00edskala podporu rastu a mierov\u00fa dividendu z konca vojny. <\/p>\n
Najd\u00f4le\u017eitej\u0161ie je, \u017ee Ukrajina by dostala ve\u013ek\u00fa hotovos\u0165, ktor\u00fa teraz z\u00fafalo potrebuje, bez toho, aby podkopala niektor\u00fd z princ\u00edpov, za ktor\u00e9 bojuje. <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
Ako vyu\u017ei\u0165 zmrazen\u00e9 rusk\u00e9 akt\u00edva Adolfa Putina pre Ukrajinu. Z\u00e1padn\u00ed politici h\u013eadaj\u00fa alternat\u00edvny zdroj financi\u00ed. Ich poh\u013ead sa uprel na akt\u00edva v hodnote 260 mili\u00e1rd eur (282 mili\u00e1rd dol\u00e1rov) patriace Rusku, ktor\u00e9 boli zmrazen\u00e9 od jeho rozsiahlej inv\u00e1zie pred dvoma rokmi. Rastie hlu\u010dnos\u0165 na podporu mor\u00e1lnych a praktick\u00fdch d\u00f4vodov pou\u017eitia t\u00fdchto pe\u0148az\u00ed na pomoc pri […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-29711","post","type-post","status-publish","format-standard","hentry","category-exo-news"],"_links":{"self":[{"href":"https:\/\/extraslovensko.sk\/spravy\/wp-json\/wp\/v2\/posts\/29711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/extraslovensko.sk\/spravy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/extraslovensko.sk\/spravy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/extraslovensko.sk\/spravy\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/extraslovensko.sk\/spravy\/wp-json\/wp\/v2\/comments?post=29711"}],"version-history":[{"count":1,"href":"https:\/\/extraslovensko.sk\/spravy\/wp-json\/wp\/v2\/posts\/29711\/revisions"}],"predecessor-version":[{"id":29712,"href":"https:\/\/extraslovensko.sk\/spravy\/wp-json\/wp\/v2\/posts\/29711\/revisions\/29712"}],"wp:attachment":[{"href":"https:\/\/extraslovensko.sk\/spravy\/wp-json\/wp\/v2\/media?parent=29711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/extraslovensko.sk\/spravy\/wp-json\/wp\/v2\/categories?post=29711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/extraslovensko.sk\/spravy\/wp-json\/wp\/v2\/tags?post=29711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}