Ukraine Gets $3B From Putin's Funds Held by NATO Ally
Source: Newsweek
Published Oct 23, 2024 at 5:01 AM EDT
Ukraine will receive a $3 billion loan from the United Kingdom to purchase military equipment, paid for by the profits generated from frozen Russian assets.
G7 members collectively froze about $280 billion of Russian central bank assets in response to Putin's invasion of Ukraine. The vast majority of funds are in Europe and are expected to generate about $3-5 billion in profits a year.
According to a release by the U.K. government, the new money for Ukraine will be used to bolster equipment on the front line.The funding is part of a $50 billion package announced by G7 nations and the European Union.
The plan includes contributions of around $20 billion each from the E.U. and the U.S., with Canada, Japan, and the U.K. making up the rest. The Chancellor Rachel Reeves made the announcement alongside Defense Secretary John Healey while visiting Ukrainian personnel who are being trained in the U.K.
Read more: https://www.newsweek.com/ukraine-loan-uk-putin-russian-assets-sanctions-1972827
onetexan
(13,913 posts)SupportSanity
(1,168 posts)erronis
(17,176 posts)Poor, poor putin. Needing to hustle in the streets at night to fund his sins.
BattleRow
(1,256 posts)iluvtennis
(20,948 posts)Speaks2
(85 posts)$3-5 B on $280 B??? I get a better return on my credit union's savings account. The UK Gov't needs better finance people.
kimbutgar
(23,607 posts)My opinion is ..since NK decided to put its ass into a war it doesnt belong, the US, Ukraine, and their allies should turn NK into glass., or at least send all NKs troops back home in body bags or as POWs.
DoBW
(2,099 posts)I always appreciate the dancing figure and the fly
I also have a wicked laugh on my cell phone as my ring tone.
As an old adult I still like to have fun and be funny!
The_REAL_Ecumenist
(889 posts)peninsula, Japan is nearby AND so is China...And guess what else? The fallout & radiation would be race around the planet , sprinkling all kinds of POISON affecting not just human beings but the planetary biome by contaminating soil, air and water. IOW, that poison from North Korea would be on our doorstep in a matter of days, (provided we're still drawing breath due to MAD), or weeks, potentially hours.
ARE YOU HIGH?
electric_blue68
(18,685 posts)EX500rider
(11,545 posts)United States: 1,032 tests between 1945 and 1992
Soviet Union: 715 tests between 1949 and 1990
United Kingdom: 45 tests between 1952 and 1991
France: 210 tests between 1960 and 1996
China: 45 tests between 1964 and 1996
India: 1 test in 1974, and 2 tests in 1998
Pakistan: 2 tests in 1998
Abstractartist
(166 posts).
DoBW
(2,099 posts)PortTack
(34,830 posts)patphil
(7,111 posts)electric_blue68
(18,685 posts)sheshe2
(88,147 posts)He must be livid!
Deuxcents
(20,142 posts)paleotn
(19,531 posts)and NOT given back to its former owners when all this is over.