@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.
$50b in interest is an unfathomable amount
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
The alternative is burying Ukraine in Russians
Not really, initially some countries wanted to make it a gift. After all it comes from Russian assets and Ukraine is being invaded by Russia. Now they changed it so the countries with the worlds largest economies can also profit from the assets they took from Russia.
and burying ukrainians in dirt.
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.
Got it. Clinton interfered with the Russian elections in the 1990s knowing that one day, Putin 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.
Why start at Clinton? If it hadn’t been for the Vikings, there would be no Russia.
So maybe we should blame the Vikings for Putin invading Ukraine.
Or, and maybe this is going way out on a limb- we blame Putin for doing what he could have just not done and could still stop doing rather than blame a guy who hasn’t been president in a quarter century?
You are trying really hard to not connect the knife sticking in the stab wound with the murder.
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
Yestsin won with 58 and 54 percent of the vote in his two elections, hardly a ‘landslide’:
https://en.m.wikipedia.org/wiki/1991_Russian_presidential_election
https://en.m.wikipedia.org/wiki/1996_Russian_presidential_election
Putin’s lowest was 53, in his first election. The latest was 88%, with most of the others being in the 70% range.
Historically though, Russians, have a way of guaranteeing results like that. Yeltsin is kind of a low percentage outlier by comparison:
https://en.m.wikipedia.org/wiki/1937_Soviet_Union_legislative_electionr
https://en.m.wikipedia.org/wiki/Great_Purge
https://en.m.wikipedia.org/wiki/1950_Soviet_Union_legislative_election
https://en.m.wikipedia.org/wiki/1954_Soviet_Union_legislative_election
https://www.npr.org/2024/03/18/1196979929/in-unsurprising-result-putin-is-reelected
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
Oh I see. So the US master plan was to make putin attack Ukraine, give Ukraine loans, ???, putin pulls out of Ukraine, Ukraine now in debt to the US, ???, profit?
putin must be a complete moron to go along with this. Unless you are saying that hes also psrt of the evil capitalist world order?
Ukraine feeds a lot of the world, and it’s in everyone’s best interest that it keeps doing that.
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”
It’s a shill. Just tag them as shill and move on
All the money provided them since the start has been in the form of loans
