@jeffw are the interests on the frozen assets generating/generated 50 billions of $ ? 🤔
From the article:
When Russia invaded Ukraine in 2022, Western governments froze about $300 billion in Russian assets — including money, securities, gold and bonds — held mainly in banks in Europe.
Leaders of the G7 economies have agreed to use the interest generated by the assets — about $3 billion per year — to help Ukraine.
@mosiacmango so it’s around 6 billions = 3 billions/year x 2years, not 50 billions, right?
They’re giving Ukraine $50B, as a loan. They’re repaying the loan at a rate of $3B/yr using the seized interest payments.
Ah so ukrains not meant to pay it back but it’s gonna get paid back by the interest on the Russian money held in international banks. Thanks for the explanation and this is definitely a step up of what I thought it was.
This only works assuming Russia is indefinitely sanctioned… So, either we’ve just signed ourselves into a second Cold War, or the taxpayer will be responsible for repayment.
They are burying Ukraine in debt they will never be able to repay and its resources will be gobbled up by various capitalists. THIS was the plan from the start
Having debt is not bad in it self. The UK paid their last WW1 debts back in 2011 or something. I know the UK is in a bad state but it is not because of those war debts.
The UK didnt have trillions of dollars in natural resources that were wanted by the US
Counterexample: Haiti’s independence debts from France for daring to free slaves
I should have said “debt is not always bad.”
thank you
I knew there was a reason Putin invaded!
To facilitate Western business interests! It’s so obvious now!
This started way before the Ukrainian invasion.
I get it now! This was in the works for years! Western business interests installed Putin as a sleeper agent in Russia and then forced him to invade Ukraine!
If it werent for US interference in Russian elections under Clinton we wouldnt have Putin. But no, the US started this process years before.
I’m pretty sure Yeltsin is the reason Russia has Putin.
Yeltsin oversaw the dissolution of the ussr and brought capitalism to Russia, of course the west wanted him to be president of Russia. All he did was ask Bill for favors on the world stage (and got most of what he asked for).
Before the election Yeltsin had a 6% approval rating, and somehow won the election by a landslide.
“Yanks to the rescue” was the headline by Time Magazine
Got it. Clinton interfered with the Russian elections in the 1990s knowing that one day, Putin would become dictator-for-life and invade Ukraine on a spurious pretext in order to create new business interests for Western companies.
Sounds very plausible.
Clinton is to blame for the entire Putin ordeal. Had the US not interfered, Yeltsin would have never been reelected and Putin would have never risen to where he is now.
THIS was the plan from the start
Lol yea, because Putin secretly loves western/capitalist countries and played along to attack Ukraine! /s
This goes back to McCain, Kerry, and Nuland destabilizing Ukraine.
I thought it went back to Bill Clinton. Make up your mind.
Bill Clinton helped give us Putin, that trio helped destabilize Ukraine.
My god, read the bloody article.
They gave ukraine a 50bn loan which is being paid off by the interest on the frozen Russian assets at approx 3bn a year.
Ukrainians will not have to pay back a si gle penny of this “loan”
All the money provided them since the start has been in the form of loans
Not sure uninvolved parties (ASEAN, African Union, Arab League, ex-UNASUR) are going to be too keen to store significant foreign reserves in USD/Euro given that the seizing of interest payments is apparently something that’s in the cards.
I guess there’s a reason Saudi Arabia is looking at mBridge… Surely the West can’t be happy with what they’ve been doing in Yemen.
If the war is important, the US and Europe should actually fund it instead of looking for pennies behind couch cushions.
