The Group of Seven (G7) industrialized nations has agreed to a $50 billion loan package for Ukraine, according to German Finance Minister Christian Lindner. The repayment of this loan will be covered by interest gains from frozen Russian assets.
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50 billion....they are just stealing russias assets to pay for it?
Im not saying the war on ukraine is right, but stealing assets is also wrong.
Russia owes Ukraine an enormous amount of money in damages for this illegal and immoral war. Ukraine is just getting some of it now from seized assets.
Germany paid trillions of dollars in reparations after WW2. The last payments before the debt was fully discharged were in the 90's if I remember correctly.
you know that I have a different view of the background to this war for historical reasons. as far as the German reparations are concerned, you are right.
I realize they owe Ukraine.
But taking russian assets that people own, to pay for the war is just going to make people more bitter.
On both sides.
the bad thing is that it destroys any basis of trust for years to come, even if a peaceful solution is found, such as a ceasefire.
Its not the right way of going about it.
the bad thing is that it destroys any basis of trust for years to come, even if a peaceful solution is found, such as a ceasefire.
Ok, so Russia will now take the foreign assets that are currently on Russian territory, this is like 2 kids fighting on the playground.
yes, we live in a total democracy. i had a securities account with Gazprom shares, among others. they simply disappeared, i was simply dispossessed by the EU without being informed and without any form of legal action.
Right, if only there was an asset you could self custody...
Mmmmmmmmmh. What could that be??
Seems to me like western policy makers are insane at this point. They literally want to prolong the war as long as possible and they don’t care if Russia retaliates in fact baiting Russia has been their tactic for years now.
As long as the state has a functioning money printer, nothing will change structurally. the incentive structures must change.
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Meaning that your United States Dollars are easily confiscated and it's wise not to keep your wealth in United States financial institutions. Great job everyone! Thanks for fixing our brand.
If I'm not mistaken it's Euro and EU financial institutions
How good these G7 leaders are, who do everything well, steal assets to inject them into the reconstruction of Ukraine, always with the double standard of these puppets, I also doubt that the money only comes from there.
here we go ... insane!
This will solidify that G7 wants no attachment with Russia in future. Putin will respond in his own way and to make matters worse he will look at China and NK with a more favourable ways than ever.
This is like adding fuel to the fire!
The bad thing is that, in addition to human suffering, it will also have long-term economic consequences such as the bifurcation of the globe, a regionalization of value chains, higher transaction costs, less specialization and division of labor-all in all, a high level of loss of prosperity.