Crumbling US Empire gives $50 Billion in stolen funds to Ukraine before Biden leaves top job

submitted by hfxB0oyA from self.WorldPolitics

The United States, in collaboration with the Group of Seven (G7) allies, has finalized a $50 billion loan package for Ukraine, utilizing the profits earned from frozen Russian assets. This initiative was announced on December 10, 2024, with the U.S. committing $20 billion of the total loan amount. The funds are intended to support Ukraine's defense and economic needs without burdening taxpayers, as the loan will be repaid using the interest generated by approximately $280 billion in immobilized Russian central bank assets.

The agreement was formalized in a signing ceremony in Washington where U.S. Treasury Secretary Janet L. Yellen and Ukrainian Finance Minister Sergii Marchenko confirmed that the loan would be backed by these Russian assets. The plan was initially endorsed by G7 leaders in June 2024 during their summit in Italy, and it reflects a novel use of financial strategy where an aggressor's assets are used to aid the defense of the aggrieved party, maintaining the rule of law and international solidarity.

The disbursement of the funds is set to begin by the end of 2024, with the U.S. portion being allocated for both military and economic support to Ukraine, although military aid will require further congressional action for complete disbursement. This move has been described as historic, signaling to Russia that support for Ukraine will continue unabated. However, there have been concerns, particularly from some European officials, about the legal implications and financial stability of using these assets, but the G7 has moved forward with the plan.

The loan's structure ensures that if the assets do not generate enough interest or if Russia regains control of its frozen funds, the burden of repayment would not fall on U.S. or other G7 countries' taxpayers, as the EU has committed to keep the assets immobilized until the loan is fully repaid. This financial aid is seen as critical for Ukraine as it prepares for winter and continues its resistance against Russian aggression.

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[–]Brewdabier 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (2 children)

Anyidea how much the US has given ISreal, how many billions to support terrorist.

[–]cunninglingus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

$310 billion, excluding the $trillions spent by the US on wars Israel drew the US into.

[–]Brewdabier 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Should nuke ISreal killing every jew then the world would have far greater peace.

[–]cunninglingus 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (6 children)

That's how sanctions work. Anytime in the past 1000+ days Putin's troops could have withdrawn from Ukraine, ending the sanctions.

I see no notes on why the US is a "crumbling empire". Perhaps because it's to be controlled entirely by a slight majority of Republicans in all branches of government, among governors, and in appellate courts?

[–]wlh0242 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Another one of those super educated Democrats they're always talking about lol.....look up BRICs.....and while your at it, look up "Petro-Dollar" and "World Reserve Currency" try and put two and two together.

[–]cunninglingus 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Honored I am that you've emerged from Putin's asshole long enough to type this.

[–]hfxB0oyA[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

Actively trying to start World War Three to cover up your $36.2 Trillion national debt is one of many reasons I could give you why the US is a crumbling Empire.

[–]cunninglingus 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Actively trying to start World War Three to cover up your $36.2 Trillion national debt

That's an excellent example of disinformation spread by pro-Russian/Republican media

[–]hfxB0oyA[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

I mean...

Also, the London School of Economics isn't really known as a pro-Russian kind of institution.

To save you a long read, I'll direct you to the closing paragraph:

This is how one can understand the West’s persistent rebuff to the efforts of Gorbachev, Boris Yeltsin, and early Putin to establish non-adversarial relations with western states. It needs Russia as an enemy to provide internal unity. But on the other hand, it also needs Russia as a cooperative partner showing suitable deference to the West, especially over the coming decades as China grows stronger.

[–]cunninglingus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Note: This article gives the views of the author, not the position of EUROPP – European Politics and Policy or the London School of Economics. Featured image credit: NATO (CC BY-NC-ND 2.0)

Normally an LSE article would be worth reading, but this is merely an opinion of Wade who is an 80-year-old retired economist who's still mentally in the 1980s. His article barely addresses anything that's relevant to current US/Russia relations. Nor does it work as an argument, because POTENTIAL foreign policy interests in the 1980s are unrelated to current events.

There is no evidence that the US is trying to start WWIII. Right wing/Russian disinformation is the main source for this, along with their brainwashed followers. There is also no motivation for an attempt at WWIII, for anyone. Nobody wants that (unless they invest in military industrial complexes and are sociopaths).

Moreover, we're constantly reminded of the national debt.

[–]ActuallyNot 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

Good.

[–]Rah 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Motherfucker