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Russian Assets Used for Loans to Ukraine as G7 Agrees $50 Billion Loan Deal Using Frozen Assets - Joe Blogs
Following Russia's invasion of Ukraine $285 Billion of Russian Cash reserves were FROZEN by Banks & Institutions in the West. For the past 2 years those Assets have remained frozen however the G& has now AGREED to issue $50 BILLION in bonds that will use the RUSSIA's FROZEN ASSETS to Fund the defence of Ukraine. This concept is contrary to existing law and in this video I discuss the terms of the deal, provide details of which countries are holding the assets & who will issue the Loans, Russia's Response to this announcement and discuss the implications for Russia, Ukraine and the West.
Chapters:
0:00 Intro
3:55 RUSSIAN ASSETS
7:48 G7 LOAN AGREEMENT
11:54 BOND REPAYMENT
15:18 RELEVANCE?
17:58 RUSSIAN RESPONSE
20:41 SUMMARY & CONCLUSION