Ukraine Gets $3B From Putin's Funds Held by NATO Ally

[BumRushDaShow]

Source: Newsweek

Published Oct 23, 2024 at 5:01 AM EDT


Ukraine will receive a $3 billion loan from the United Kingdom to purchase military equipment, paid for by the profits generated from frozen Russian assets.

G7 members collectively froze about $280 billion of Russian central bank assets in response to Putin's invasion of Ukraine. The vast majority of funds are in Europe and are expected to generate about $3-5 billion in profits a year.

According to a release by the U.K. government, the new money for Ukraine will be used to bolster equipment on the front line.The funding is part of a $50 billion package announced by G7 nations and the European Union.

The plan includes contributions of around $20 billion each from the E.U. and the U.S., with Canada, Japan, and the U.K. making up the rest. The Chancellor Rachel Reeves made the announcement alongside Defense Secretary John Healey while visiting Ukrainian personnel who are being trained in the U.K.

Read more: https://www.newsweek.com/ukraine-loan-uk-putin-russian-assets-sanctions-1972827

[onetexan]

1. YES!!! Slava Ukraini!!

[SupportSanity]

2. Forfeiting their stolen money; seems like the only thing that Russians are good for.

[erronis]

3. Well, since most of the russian wealth is now based on stolen/crypto/ransomware

Poor, poor putin. Needing to hustle in the streets at night to fund his sins.

[BattleRow]

18. Ya know it's hard out there for a pimp..

[iluvtennis]

4. Awesome! n/t

[Speaks2]

5. Awful

$3-5 B on $280 B??? I get a better return on my credit union's savings account. The UK Gov't needs better finance people.

[kimbutgar]

6. They're going to need it since North Korea is sending troops to a Russia to help Putin !

[Abstractartist]

7. Hmmmm

My opinion is…..since NK decided to put its ass into a war it doesn’t belong, the US, Ukraine, and their allies should turn NK into glass., or at least send all NKs troops back home in body bags or as POWs.

[DoBW]

10. Off topic but

I always appreciate the dancing figure and the fly

[kimbutgar]

15. Thank you!

I also have a wicked laugh on my cell phone as my ring tone.

As an old adult I still like to have fun and be funny!

[The_REAL_Ecumenist]

8. {{{!TURN NK INTO GLASS??!!}} Do you understand what you'r saying? You DO realise that SOUTH KOREA is on the same

peninsula, Japan is nearby AND so is China...And guess what else? The fallout & radiation would be race around the planet , sprinkling all kinds of POISON affecting not just human beings but the planetary biome by contaminating soil, air and water. IOW, that poison from North Korea would be on our doorstep in a matter of days, (provided we're still drawing breath due to MAD), or weeks, potentially hours.


ARE YOU HIGH?

[electric_blue68]

13. True, and YIKES!

[EX500rider]

20. Not quite so dire (not recommending we turn NK to glass though)

At least 2,056 nuclear tests have been conducted since the first nuclear test in 1945:

United States: 1,032 tests between 1945 and 1992
Soviet Union: 715 tests between 1949 and 1990
United Kingdom: 45 tests between 1952 and 1991
France: 210 tests between 1960 and 1996
China: 45 tests between 1964 and 1996
India: 1 test in 1974, and 2 tests in 1998
Pakistan: 2 tests in 1998

[Abstractartist]

22. Yes and no

.

[DoBW]

9. great news........nt

[PortTack]

11. SLAVA UKRAINE!

[patphil]

12. Now that put a smile on my face. Putin personally pays a price for his aggression.

[electric_blue68]

14. 🌻🇺🇦🌻 ty

[sheshe2]

16. Good to see Putin is helping fund Ukraine's defense.

He must be livid!

[Deuxcents]

17. 🇺🇦

[paleotn]

19. The principle should be used to help rebuild Ukraine....

and NOT given back to its former owners when all this is over.

[Tarheel_Dem]

21. It's the right thing to do.

[niyad]

23. And lift the stupid restrictions on what Ukraine can target.