On Tuesday, the US announced that it disbursed a $20 billion loan for Ukraine that will be paid back using interest earned on frozen Russian Central Bank assets, a step that marks an escalation of the Western economic war against Russia.
The $20 billion is part of a total $50 billion loan being provided by the Group of Seven (G7) nations. The entire loan will be paid back using the Russian assets.
“These funds — paid for by the windfall proceeds earned from Russia’s own immobilized assets — will provide Ukraine a critical infusion of support as it defends its country against an unprovoked war of aggression,” US Treasury Secretary Janet Yellen said in a statement.
“The $50 billion collectively being provided by the G7 through this initiative will help ensure Ukraine has the resources it needs to sustain emergency services, hospitals, and other foundations of its brave resistance,” she added.
The Biden administration has been working to escalate its support for the Ukraine proxy war as much as possible before President-elect Donald Trump is inaugurated on January 20. Providing Ukraine with aid using Russian assets will make a peace deal more difficult since Moscow will want reimbursement for the funds.
In recent weeks, President Biden has taken several steps to escalate the proxy war, including the authorization of long-range Ukrainian strikes inside Russian territory and the provision of widely-banned anti-personnel mines. On Saturday, the administration announced a new weapons package worth nearly $1 billion.
I'm sure this makes Putin, who is winning on the battlefield, want to negotiate even more. /sarc
In the meantime, Biden is giving Iran $400 billion of its assets back as it reaches new levels in uranium enrichment.
In the meantime, Biden is giving Iran $400 billion of its assets back as it reaches new levels in uranium enrichment.
Good.
My opinion? The Iranians should produce a few dozen nukes and put them on launch vehicles ASAP. Being armed is the only path to security when it comes to "co-existence" with the Hegemonster.
The Iranians could have done that many years ago. The "Fatwa" which prevented it is still in place. Will Khamenei withdraw it?
The fatwa was a claim as to what Islam requires/forbids.
It would be difficult for the author of the fatwa to get by with “oh, yes, I’m the religious leader of the entire country, but I got a major point of religious doctrine completely wrong and applied it to policy, gonna take a mulligan on that, move along, nothing to see here.”
If the fatwa is reversed it will likely be done so either by the NEXT “Supreme Leader,” or by some kind of Islamic council with the moral authority to tell Khamenei he’s wrong and expect him to say “OK, I accept the council’s authority.” Probably the former. But he is 85 years old, so it probably won’t be too long before he’s out of the picture.
They probably said that about Strom Thurmond too. 🙂
Especially given the recent events. Pretty obvious they are the target. Plus, the nuke situation on this planet is hopeless, so why should anyone play along any longer.
So pure theft, no form of 'loan.'
They did legalize government theft, torture and genocide as long as elected democratic value government officials do it.
They lost me at "The entire loan will be paid back using the Russian assets."
Bull$hit they will.
You all already know my math skills are bad. But, are you seriously reading this to find out exactly how we're paying for the $20 billion? https://thehill.com/policy/defense/4992913-pentagon-fails-7th-audit-in-a-row-but-says-progress-made/
The only people with worse math skills than me is the Pentagon.
G7 nations are MF thieves…!
Thank you for speaking in plain English netman!…
All that is left of Western Democracies the G-7 are nothing but criminal syndicates.
No we are still democratic
Assange nailed it. Wars are money laundering operations.
Oh, how clever they are. They just delivered Russia a huge boost in war morale.
What war morale?
The Biden-Harris administration has been freezing Russian Central Bank assets and is probably wondering why other countries want to avoid using the US dollar. Dumb and dumber.
Then you have Final-President-elect Trump threatening countries considering BRICS affiliation. It's like they have no sense of awareness outside their own glorious brain-fog.
They probably think the Dollar is not going down fast enough
Interesting banking CONcept…
Or more of that Babylonian Money Magic.
A note to posters…. When voting a post down, why not make a note of reference as to why, so the rest of us understand the why of it…
Thanks good Thomas! Lol!
I was trying to both downvote and upvote your comment at the same time, just to see if it could be done. I can't, so I just upvoted it, Donna. Not that I ever wanted to downvote any of your comments.
More money for Zelensky, his wife and his cronies. Of course some of it flows back to the willing and enabling politicians.
Even the old bitch Yellen sounds like an arm of the defense department.
They all are. It's an octopus.
Good. Show the Russians they wont get away with it
The year 2014 is often named as the critical year for Ukrainian-Russian relationships.
I consider that year to have been 1999 when Poland became a NATO member.
Putin's reaction must have been: no Eastward advance of NATO past Poland hence he gave NATO a warning shot in 2014 by taking Crimea away from Ukraine.
The subsequent history shows that NATO and Ukraine either did not understand that warning shot or did understand but ignored it. Or deliberately goaded Putin into attacking Ukraine. I bet on stupid.
When it comes to the pathetic excuse for leadership in the United States, stupid is about as safe a bet as you could possibly make.
I would opt for corrupt/stupid.
Jacques Baud’s (ex/Swiss Intelligence agent) interpretation of events leading to the invasion:
The Outbreak Of War
Since November 2021, the Americans have been constantly threatening a Russian invasion of Ukraine. However, the Ukrainians at first did not seem to agree. Why not?
We have to go back to March 24, 2021. On that day, Volodymyr Zelensky issued a decree for the recapture of the Crimea, and began to deploy his forces to the south of the country. At the same time, several NATO exercises were conducted between the Black Sea and the Baltic Sea, accompanied by a significant increase in reconnaissance flights along the Russian border. Russia then conducted several exercises to test the operational readiness of its troops and to show that it was following the evolution of the situation.
Things calmed down until October-November with the end of the ZAPAD 21 exercises, whose troop movements were interpreted as a reinforcement for an offensive against Ukraine. However, even the Ukrainian authorities refuted the idea of Russian preparations for a war, and Oleksiy Reznikov, Ukrainian Minister of Defense, states that there had been no change on its border since the spring.
In violation of the Minsk Agreements, Ukraine was conducting air operations in Donbass using drones, including at least one strike against a fuel depot in Donetsk in October 2021. The American press noted this, but not the Europeans; and no one condemned these violations.
In February 2022, events came to a head. On February 7, during his visit to Moscow, Emmanuel Macron reaffirmed to Vladimir Putin his commitment to the Minsk Agreements, a commitment he would repeat after his meeting with Volodymyr Zelensky the next day. But on February 11, in Berlin, after nine hours of work, the meeting of political advisors to the leaders of the “Normandy format” ended without any concrete result: the Ukrainians still refused to apply the Minsk Agreements, apparently under pressure from the United States. Vladimir Putin noted that Macron had made empty promises and that the West was not ready to enforce the agreements, the same opposition to a settlement it had exhibited for eight years.
Ukrainian preparations in the contact zone continued. The Russian Parliament became alarmed; and on February 15 it asked Vladimir Putin to recognize the independence of the Republics, which he initially refused to do.
On 17 February, President Joe Biden announced that Russia would attack Ukraine in the next few days. How did he know this? It is a mystery. But since the 16th, the artillery shelling of the population of Donbass had increased dramatically, as the daily reports of the OSCE observers show. Naturally, neither the media, nor the European Union, nor NATO, nor any Western government reacted or intervened. It would be said later that this was Russian disinformation. In fact, it seems that the European Union and some countries have deliberately kept silent about the massacre of the Donbass population, knowing that this would provoke a Russian intervention.
At the same time, there were reports of sabotage in the Donbass. On 18 January, Donbass fighters intercepted saboteurs, who spoke Polish and were equipped with Western equipment and who were seeking to create chemical incidents in Gorlivka. They could have been CIA mercenaries, led or “advised” by Americans and composed of Ukrainian or European fighters, to carry out sabotage actions in the Donbass Republics.
In fact, as early as February 16, Joe Biden knew that the Ukrainians had begun intense shelling the civilian population of Donbass, forcing Vladimir Putin to make a difficult choice: to help Donbass militarily and create an international problem, or to stand by and watch the Russian-speaking people of Donbass being crushed.
https://thewallwillfall.org/2022/04/17/retired-swiss-intelligence-officer-explains-ukraine/
In french:
https://cf2r.org/documentation/la-situation-militaire-en-ukraine/
There’s also the Maidan murders by right wing nazi actors, happening right before, citizens from Crimea being attacked by neo Nazis because they didn’t want the overthrow of the government, and Russia seeing the writing on the wall that they could lose the Black Sea fleet.
they were betting Russia would not act
The world is rapidly sinking into the toilet, almost exclusively thanks to the USA, with enthusiastic support from the assholes who are in charge in Europe. It's a shame we don't possess the technology to ship all the these jerks who run our governments to someplace outside the solar system – very far outside.
Status Quo
Today
they rule
thats all
fine and dandy
Every corner
of this blue dot globe
as king of the hill
the dollar rules forever
But as we speak
we're on the titanic
playing our clever games'
spinning down the drain
As nine live for the day
90 serve and whine
someone stands alone
with a bucket
Is this project 2025
or Universe 25
does it even
matter anymore
Is this the reason
you sent yourself
here for this nightmare
or is it just a dream
And yet
i know
good and well
the world is insane
and im the only one
ok
Bravit!!! https://media1.giphy.com/media/muHlnG1WU9YfS/giphy-downsized-small.mp4
Wise words!
https://www.rt.com/news/609194-russia-us-loan-ukraine/
"The disbursement by the US of a $20 billion loan to Ukraine funded by frozen assets belonging to Russia's central bank could be classified as theft, Deputy Foreign Minister Sergey Ryabkov has said.
The US loan is part of a broader $50 billion G7 loan deal, which includes a separate $20 billion commitment by the EU and $10 billion to be split by G7 members Great Britain, Japan, and Canada. On Tuesday, the US Treasury Department announced the money had been transferred to a World Bank fund that will send it on to Kiev.
“I can say that this act falls under the classification of robbery [on the part] of an organized group, I mean [on the part] of the Group of Seven,” Ryabkov told journalists on Wednesday.
The US and its allies froze an estimated $300 billion in assets belonging to the Russian central bank following the escalation of the Ukraine conflict in February 2022. In June, the G7 members pledged a $50 billion loan for Kiev, with the frozen Russian assets to be used as collateral, to help Kiev buy weapons and rebuild its infrastructure. The agreement was finalized in October. Ukraine theoretically is expected to repay the multibillion-dollar G7 loan over 40 years.
According to Treasury Secretary Janet Yellen, the loan transfer will provide Ukraine a “critical infusion of support.” The money covers around half of Kiev’s current deficit. The country’s state budget for next year, signed by Vladimir Zelensky into law last month, anticipates revenues of $49 billion and expenditures of $87 billion, putting the overall deficit at $38 billion.
Zelensky said on Tuesday he was “deeply grateful” to Biden, Yellen, and lawmakers who supported using seized Russian assets to bolster Ukraine’s defense, describing their decision as a “powerful act of justice.”
US pays $20 billion into Ukraine loan fundREAD MORE: US pays $20 billion into Ukraine loan fund
A week earlier, the outgoing US president authorized a new $725 million military aid package for Ukraine and imposed additional economic sanctions on Russia.
Moscow has repeatedly accused the West of “stealing” its money and warned that tapping these funds would be illegal and set a dangerous precedent. Finance Minister Anton Siluanov warned in October that Moscow would respond in kind to the West’s use of the income generated by its frozen central bank reserves. Last month, he said Russia would respond by using the income from the frozen assets of Western investors.
The International Monetary Fund has also warned that any decisions regarding the seizure of frozen Russian assets should be backed with “sufficient legal support,” noting that without this, the move could undermine trust in the Western financial system."
What ceasefire? Another impediment staring into President Donald Trump's face.
Trump won't accomplish jack shit. The man is a blowhard. Nothing about him has changed, AFAICS. People voted against Biden/Harris – not for Trump per se. I believe any republican would have won.
President Trump has about 3-6 months to achieve domestic, foreign policy, and economic miracles before the debt and equity markets nosedive. The definition of a miracle is an impossible dream.
Investors may believe the lies by investing accordingly. It's all downhill from here, RBE.