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Caucasus/Russia/Central Asia
US Treasury Department Demands Guarantees of Longer Freeze of Russian Assets
2024-07-27
Direct Translation via Google Translate. Edited.

Just from where do the US and Euro thieves expect the Russians to recover their stolen funds?

[Regnum] The United States of America expects that the G7 countries will be able to agree by October to provide Ukraine with a $50 billion loan using frozen Russian sovereign assets. This was stated by US Treasury Secretary Janet Yellen.
A loan? Where will Ukraine get the income to pay it back?
A "loan"
"We had constructive talks. We are working closely to try to move this forward (the $50 billion loan to Ukraine from frozen Russian assets. - Ed.). I think we can complete this by October," she said in a conversation with Reuters on the sidelines of a meeting of G20 finance ministers in Brazil.

According to her, the negotiations included discussions of demands from the US to provide guarantees that the assets would remain frozen for a longer period.

Earlier, Bloomberg reported on the United States' concerns about the long-term ability to provide Ukraine with financial resources at the expense of profits received from Russian assets, since the extension of the sanctions regime requires a unanimous decision by all 27 EU member states every six months. In this regard, the European Union proposed two options: an indefinite freeze on assets and an extension of anti-Russian sanctions on assets every 18, 24 or 36 months.

On July 26, the head of the European Commission, Ursula von der Leyen, announced the allocation of the first tranche of €1.5 billion in revenues from frozen Russian assets for weapons purchases for Kiev. It was noted that the funds would be sent to the so-called European Peace Fund to compensate Western countries that provide weapons to the Ukrainian Armed Forces.

As reported by the Regnum news agency, the press secretary of the Russian president Dmitry Peskov said on Friday that Moscow will not leave the transfer of income from frozen sovereign assets of the Russian Federation for the purchase of weapons for Ukraine unanswered. According to him, the actions of the Russian side will be thought out.

The official representative of the Russian Ministry of Foreign Affairs Maria Zakharova also warned of a harsh response, stating that decisions will be made within the framework of the national interests of the Russian Federation.

Posted by:badanov

#3  So, if peace talks get traction, how do you plan to pay this money you seized back?
Posted by: ed in texas   2024-07-27 15:54  

#2  EU state [Hungary] warns of impending fuel shortage
Posted by: Skidmark   2024-07-27 08:01  

#1  [RT] EU sends first $1.6 billion from seized Russian money to Kiev
Posted by: Skidmark   2024-07-27 07:42  

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