First:
Moreover, there are "consultations in other formats, including with the participation of representatives of the 'historical west.'"
This is a tantalising tidbit since I am a citizen of 'historical west'. Perhaps it's early days and we need to see the details, but it looks promising.
Second:
The Russian Central Bank could, in a flash, sue and confiscate the assets of Belgian Euroclear, one of the world's largest settlement and clearing systems, on whose accounts Russian reserves were frozen.
And that on top of seizing Euroclear's assets in Russia – which amount to roughly 33 billion euros. With Euroclear running out of capital, the Belgian Central Bank will have to revoke its license, causing a massive financial crisis.
Making an assumption that Pepe has researched this thoroughly and that Russia *does* have Euroclear's assets of 33 billion Euros in Russia that it can seize. I am also under impression that at the moment west is only using the interest accruing to RF from the frozen assets (to give to Ukr). Presumably this will have to be returned if above is correct.
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