@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.
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
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”
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.
Counterexample: Haiti’s independence debts from France for daring to free slaves
I knew there was a reason Putin invaded!
To facilitate Western business interests! It’s so obvious now!
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!
THIS was the plan from the start
Lol yea, because Putin secretly loves western/capitalist countries and played along to attack Ukraine! /s
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.