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.
74 sats \ 6 replies \ @Satosora 14 Jun
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.
reply
31 sats \ 1 reply \ @TomK OP 14 Jun
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.
reply
42 sats \ 0 replies \ @Satosora 14 Jun
Its not the right way of going about it.
reply
41 sats \ 0 replies \ @TomK OP 14 Jun
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.
reply
141 sats \ 2 replies \ @anon 14 Jun
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.
reply
20 sats \ 1 reply \ @TomK OP 14 Jun
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.
reply
42 sats \ 0 replies \ @Satosora 14 Jun
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.
reply
42 sats \ 0 replies \ @riberet19 14 Jun
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.
reply
42 sats \ 2 replies \ @cristaiji 14 Jun
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.
reply
11 sats \ 1 reply \ @TomK OP 14 Jun
As long as the state has a functioning money printer, nothing will change structurally. the incentive structures must change.
reply
42 sats \ 0 replies \ @cristaiji 14 Jun
💯
reply
42 sats \ 0 replies \ @0xbitcoiner 14 Jun
here we go ... insane!
reply
42 sats \ 3 replies \ @Catcher 14 Jun
Ok, so Russia will now take the foreign assets that are currently on Russian territory, this is like 2 kids fighting on the playground.
reply
21 sats \ 2 replies \ @TomK OP 14 Jun
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.
reply
42 sats \ 1 reply \ @Catcher 14 Jun
Right, if only there was an asset you could self custody...
reply
0 sats \ 0 replies \ @TomK OP 14 Jun
Mmmmmmmmmh. What could that be??
reply
42 sats \ 1 reply \ @Coinsreporter 14 Jun
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!
reply
0 sats \ 0 replies \ @TomK OP 14 Jun
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.
reply
42 sats \ 1 reply \ @Nuttall 14 Jun
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.
reply
42 sats \ 0 replies \ @Catcher 14 Jun
If I'm not mistaken it's Euro and EU financial institutions
reply