"Is this a modern day nationalization? Essentially forced to sell at a 50% discount." This is "modern day nationalization": "In March 2022, following the Russi

"Is this a modern day nationalization? Essentially forced to sell at a 50% discount." This is "modern day nationalization": "In March 2022, following the Russian invasion of Ukraine, the G7 countries froze around €260 billion ($280 billion) of the Central Bank of Russia’s reserves held in Western currencies and securities, including €210 billion deposited in Europe, mostly with Belgium’s Euroclear (around €159 billion). The remaining funds are deposited in France, Switzerland, Luxembourg, the United Kingdom, Canada, Japan (although specific values have not been given), the US (around €4.5 billion) and other countries." [0] [0] https://www.osw.waw.pl/en/publikacje/analyses/2024-05-24/eus-decision-to-use-profits-generated-frozen-russian-assets https://www.osw.waw.pl/en/publikacje/analyses/2024-05-24/eus...