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BumRushDaShow

(157,052 posts)
Wed Oct 23, 2024, 05:00 PM Oct 2024

Ukraine Gets $3B From Putin's Funds Held by NATO Ally [View all]

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

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YES!!! Slava Ukraini!! onetexan Oct 2024 #1
Forfeiting their stolen money; seems like the only thing that Russians are good for. SupportSanity Oct 2024 #2
Well, since most of the russian wealth is now based on stolen/crypto/ransomware erronis Oct 2024 #3
Ya know it's hard out there for a pimp.. BattleRow Oct 2024 #18
Awesome! n/t iluvtennis Oct 2024 #4
Awful Speaks2 Oct 2024 #5
They're going to need it since North Korea is sending troops to a Russia to help Putin ! kimbutgar Oct 2024 #6
Hmmmm Abstractartist Oct 2024 #7
Off topic but DoBW Oct 2024 #10
Thank you! kimbutgar Oct 2024 #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 2024 #8
True, and YIKES! electric_blue68 Oct 2024 #13
Not quite so dire (not recommending we turn NK to glass though) EX500rider Oct 2024 #20
Yes and no Abstractartist Oct 2024 #22
great news........nt DoBW Oct 2024 #9
SLAVA UKRAINE! PortTack Oct 2024 #11
Now that put a smile on my face. Putin personally pays a price for his aggression. patphil Oct 2024 #12
🌻🇺🇦🌻 ty electric_blue68 Oct 2024 #14
Good to see Putin is helping fund Ukraine's defense. sheshe2 Oct 2024 #16
🇺🇦 Deuxcents Oct 2024 #17
The principle should be used to help rebuild Ukraine.... paleotn Oct 2024 #19
It's the right thing to do. Tarheel_Dem Oct 2024 #21
And lift the stupid restrictions on what Ukraine can target. niyad Oct 2024 #23
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