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BumRushDaShow

(144,202 posts)
Wed Oct 23, 2024, 04:00 PM Oct 23

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

23 replies = new reply since forum marked as read
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Ukraine Gets $3B From Putin's Funds Held by NATO Ally (Original Post) BumRushDaShow Oct 23 OP
YES!!! Slava Ukraini!! onetexan Oct 23 #1
Forfeiting their stolen money; seems like the only thing that Russians are good for. SupportSanity Oct 23 #2
Well, since most of the russian wealth is now based on stolen/crypto/ransomware erronis Oct 23 #3
Ya know it's hard out there for a pimp.. BattleRow Oct 23 #18
Awesome! n/t iluvtennis Oct 23 #4
Awful Speaks2 Oct 23 #5
They're going to need it since North Korea is sending troops to a Russia to help Putin ! kimbutgar Oct 23 #6
Hmmmm Abstractartist Oct 23 #7
Off topic but DoBW Oct 23 #10
Thank you! kimbutgar Oct 23 #15
{{{!TURN NK INTO GLASS??!!}} Do you understand what you'r saying? You DO realise that SOUTH KOREA is on the same The_REAL_Ecumenist Oct 23 #8
True, and YIKES! electric_blue68 Oct 23 #13
Not quite so dire (not recommending we turn NK to glass though) EX500rider Oct 23 #20
Yes and no Abstractartist Oct 23 #22
great news........nt DoBW Oct 23 #9
SLAVA UKRAINE! PortTack Oct 23 #11
Now that put a smile on my face. Putin personally pays a price for his aggression. patphil Oct 23 #12
🌻🇺🇦🌻 ty electric_blue68 Oct 23 #14
Good to see Putin is helping fund Ukraine's defense. sheshe2 Oct 23 #16
🇺🇦 Deuxcents Oct 23 #17
The principle should be used to help rebuild Ukraine.... paleotn Oct 23 #19
It's the right thing to do. Tarheel_Dem Oct 23 #21
And lift the stupid restrictions on what Ukraine can target. niyad Oct 24 #23

erronis

(17,176 posts)
3. Well, since most of the russian wealth is now based on stolen/crypto/ransomware
Wed Oct 23, 2024, 05:34 PM
Oct 23

Poor, poor putin. Needing to hustle in the streets at night to fund his sins.

Speaks2

(85 posts)
5. Awful
Wed Oct 23, 2024, 05:40 PM
Oct 23

$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.

Abstractartist

(166 posts)
7. Hmmmm
Wed Oct 23, 2024, 05:52 PM
Oct 23

My opinion is…..since NK decided to put its ass into a war it doesn’t 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.

kimbutgar

(23,607 posts)
15. Thank you!
Wed Oct 23, 2024, 06:24 PM
Oct 23

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)
8. {{{!TURN NK INTO GLASS??!!}} Do you understand what you'r saying? You DO realise that SOUTH KOREA is on the same
Wed Oct 23, 2024, 06:02 PM
Oct 23

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?

EX500rider

(11,545 posts)
20. Not quite so dire (not recommending we turn NK to glass though)
Wed Oct 23, 2024, 06:51 PM
Oct 23
At least 2,056 nuclear tests have been conducted since the first nuclear test in 1945:

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

paleotn

(19,531 posts)
19. The principle should be used to help rebuild Ukraine....
Wed Oct 23, 2024, 06:50 PM
Oct 23

and NOT given back to its former owners when all this is over.

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