The Econoclasts

Should Europe seize Russian assets? Is a crypto crisis looming?

Oct 29, 2025
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INSIGHT

Frozen Assets Are A False Solution

  • Sequestering frozen Russian assets to fund Ukraine is legally dubious and politically risky.
  • Wolfgang warns this approach hides liabilities and will ultimately burden European taxpayers.
INSIGHT

Reparations Without Victory Undermine Peace

  • Insisting on reparations presumes forcing Putin to surrender, which Europe cannot do.
  • Yanis argues this stance undermines realistic peace negotiations and Europe's seat at the table.
INSIGHT

SPV Masks Who Really Pays

  • Europe plans an SPV issuing bonds backed de facto by member states, not Russian reserves.
  • Wolfgang says this converts a likely nonrepayable loan into a hidden taxpayer guarantee.
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