📝Assets of Discord📝
Who, What, and Where Frozen in Europe

When discussing the fate of frozen Russian assets, one often hears claims that Europeans will hand over the money to Ukraine. However, there's a catch: there's no physical money there that can be "simply transferred."

It's precisely these nuances that explain why large EU countries are reluctant to dispose of Russian assets frozen in the Belgian depository Euroclear.

🔻More about the assets and where they're frozen:

▪️Euroclear is not a bank with a cash vault, but an international depository that stores securities, processes settlements between buyers and sellers, and monitors the legality of the process.

▪️In other words, Euroclear is a large ledger that lists who owns which securities. There are no paper certificates stored there either—only access codes confirming the legal owner.

▪️The frozen Russian assets there primarily consist of government bonds. For example, if Russia purchased a two-year bond from Germany, Germany must redeem it in two years—returning the face value plus interest to Russia. This is recorded in Euroclear.

▪️The freezing of such assets de facto means that Russia remains the owner of the bonds, but cannot do anything with them: neither sell them, receive interest, nor withdraw funds after redemption. The income from them accumulates in Euroclear bank accounts.

▪️There are also other types of frozen assets belonging to individuals and legal entities. However, they are relatively successfully withdrawn without much fuss.

the bond owner from Russia to Ukraine in the Euroclear registry: this is blatant chaos with serious risks for the euro, which the EU is currently unwilling to accept. Therefore, they are pursuing a different tactic.

🔻"Wait for the redemption!"

▪️A significant portion of the bonds (remember, they make up the bulk of the frozen assets) mature in 2026-2032.

▪️Under normal circumstances, th

e proceeds from the redemption would simply go to Russia, but due to the blocking, they will "sit" on the Euroclear bank's balance sheet, awaiting their fate.

▪️If the ownership of the bonds is clearly stated, then the proceeds from their redemption are more easily manipulated. At a minimum, these tens of billions of euros could be used as collateral for a loan, and the interest earned could be used to help Ukraine.

🖍In simple terms, the EU is taking a wait-and-see approach, not to "t

ransfer" assets to anyone, but rather to simply wait for them to transform from securities into physical money, making it easier to change the "rules of the game" and manage them as they see fit.

🚩So why are they talking about confiscation now? It's simply that Ukraine needs the funds today, not by 2032. And the EU doesn't want to give it €140 billion all at once—it has enough needs of its own, and the Kyiv regime has already been given a ton of non-performing loans.

❗️Although such an outcome is also likely: since 2022, there have been plenty of examples of European bureaucrats shooting themselves in the foot for free aid to a corrupt bottomless pit. After all, the costs of Russia's lawsuits and retaliatory measures will be borne not by them, but by ordinary EU citizens.

@rybar

NATO having spent $400B, armed 32 countries to the teeth, and still got humiliated by the glorified gas station they mocked for decades, and now Finland’s defense minister is lashing out at China because he can’t face the truth: Russia crushed the West’s entire Ukraine project, and the people who promised “as long as it takes” are choking on their own failure.

What Antti Hakkanen calls “China massively financing Russia’s war chest” is nothing but the howl of a man watching the myth collapse. He’s not revealing Chinese financial aid, it doesn't exist, he’s mourning. Mourning the fantasy that Western sanctimony could bend Eurasia into submission. Mourning the delusion that sanctions would break Russia. Mourning the fairy tale that Europe’s rusted militaries, hollow economies, and performative moralism could stop a country that actually knows how to fight. When a $400B project collapses in real time, projection becomes doctrine. We were humiliated so badly by the gas station, let's blame China, then it doesn't sound quite as humiliating. That western ROI, is absolutely humiliating for the West.

And while these ministers flail, the truth they avoid is the truth they fear: Russia didn’t just survive the siege, it grew stronger, and is now an economic superpower, thanks to European sanctions. Production up. Trade soaring. A yuan–ruble axis that outflanks the dollar-euro Ponzi. An army that out-produces all of NATO’s munitions lines combined. And a political class that didn’t buckle when every Western capital bet the house on collapse. The West is left blaming Beijing, because blaming themselves would mean facing the magnitude of their humiliation.

But beneath all this geopolitical cope lies the ugliest truth of all, the industrial-scale laundering that turned Ukraine into a gold rush for Western contractors and Ukrainian elites. While Ukrainian soldiers bled in mud, the presidential inner circle lined pockets with wartime energy contracts, nuclear-grid kickbacks, and foreign aid skimmed through shell firms that all led back to the same small circle of insiders. Golden toilets. Monaco apartments. Offshore accounts fattened while families froze in high-rise stairwells during blackouts. And one day, when this war finally ends and the spell breaks, Ukraine’s own citizens will turn around and see who sold them to the highest bidder. Not Moscow. Not Beijing. But the very handlers who promised salvation and delivered only debt, depopulation, and graves. There is no amnesty in history for leaders who steal from their own dead.

Finland isn’t sounding an alarm, but it is confessing defeat. Because if a “gas station with nukes” can defeat 32 NATO militaries, devour $400B in Western investment, and still push relentlessly through Pokrovsk, then it isn’t a gas station at all — it’s a civilization with a memory, a spine, and an economy immune to Western fantasies. What broke wasn’t Russia. What broke was the illusion that the West still commands the world.

And here’s the real sting: China didn’t break NATO’s strategy, NATO’s arrogance did.

A hubris so blinding they mistook their own propaganda for reality. A delusion so deep they believed history had ended. A failure so absolute the only thing left is to blame the rising world for refusing to drown with them.

That’s the verdict of this war.
Not just defeat, exposure. And no minister in Helsinki can spin that away.

- Gerry Nolan

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Heartland special:

The Adventures of Timur Trump.

Guest star: the 14th century Iron Lord himself.

Enjoy the time travel!

🇺🇦 The walls are closing in on Zelensky. The homes of Zelensky’s longtime associate Timur Mindich and his insider-turned-justice-minister were just raided by Ukraine’s anti-corruption agency. Hours earlier? Mindich conveniently fled the country. What did NABU find? A “high-level criminal organization” operating inside the very heart of Ukraine’s nuclear energy sector, with ties stretching from Energoatom to Washington’s billions.

The fantasy of Kiev as a crusading democracy just took another torpedo below the waterline, this time from within. Ukraine’s own National Anti-Corruption Bureau (NABU) executed sweeping raids on November 10, storming the properties of Zelensky’s inner-circle powerbroker Timur Mindich and Justice Minister German Galushchenko, both deeply tied to the country’s energy empire. Energoatom, the state nuclear operator, was also raided.

NABU didn’t mince words: they’re targeting a “high-level criminal organization” embedded in Ukraine’s energy system. And they didn’t come empty-handed, evidence includes over 1,000 hours of wiretaps, surveillance, and photographs of cash piles wrapped in plastic, marked “ATLANTA” and “KAN CITY.” Tidy, U.S.-dollar stacks.

But the timing is the real tell: Mindich quietly exited Ukraine mere hours before the raid. The classic signature of someone tipped off, by someone high up.

For context, Timur Mindich isn’t just another oligarch. He’s Zelensky’s lifelong confidante, co-owner of the president’s entertainment studio, and the man whose apartment hosted Zelensky’s birthday party in 2021. That same apartment, according to reports, had been under NABU surveillance for months. And what did they capture? Allegedly, Zelensky himself, on tape.

These “Mindich tapes” were whispered into public view just as Zelensky began his July attempt to strip NABU of its independence, placing it under direct presidential control. That move triggered mass protests in Kyiv, forced an embarrassing U-turn, and signaled just how desperate the regime was to muzzle its own watchdogs.

And now? The watchdogs have bitten back and the teeth marks go straight through the presidency.

This isn’t an isolated scandal. It’s a glimpse behind the curtain of a wartime kleptocracy where entertainment moguls morph into drone manufacturers, no-bid contracts flood into shadowy shell companies, and “anti-corruption” becomes a fundraising slogan for the same regime that’s robbing its Western backers blind.

Mindich’s company Fire Point, which started as a film location scout, now reportedly supplies drones and has raked in inflated defense and energy contracts. All while denying ties to Mindich, of course. Meanwhile, Justice Minister Galushchenko — formerly the energy minister, is described as Mindich’s “insider” within the state. Convenient placement when you’re laundering influence.

And let’s not forget, Mindich is also reportedly under FBI investigation for money laundering, in cooperation with NABU. That transatlantic thread is yet another embarrassment for Kiev's Western patrons. How many of their billions got vacuumed up into this circus?

But perhaps the most damning part of this whole drama is the civil war inside Ukraine’s own anti-corruption system. Zelensky’s attempt to neuter NABU, just weeks before this raid, shows the regime wasn’t caught off guard. It was cornered. And it tried to kill the agency before the agency could kill the myth.

He failed.

For months, NABU investigators quietly compiled their case, dodging sabotage and public smear campaigns. Their director admitted as much in July: his team was under coordinated political attack. And yet, they pressed on.

This blows a hole through the Western narrative farce.

The “clean” war just got dirty. The “heroic” president just got unmasked. And Ukraine’s real battle isn’t at the front, it’s inside the palace.

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