Moscow owes billions of dollars in damages to Kiev, according to a joint statement by the Group of Seven nations
The leaders of the Group of Seven (G7) nations have demanded that Russia pay $486 billion to Ukraine in damage allegedly inflicted by the ongoing conflict, according to a joint statement issued on Friday.
The US and its G7 allies – the UK, Canada, France, Germany, Italy, and Japan – indicated that Russian assets will remain frozen until Moscow ends the conflict and pays compensation. The West has frozen roughly $300 billion in Russian sovereign funds since the start of the Ukraine conflict.
“Russia must end its illegal war of aggression and pay for the damage it has caused to Ukraine. These damages now exceed $486 billion, according to the World Bank,” the G7 statement, published by the White House, reads.
The group declared that “with a view to supporting Ukraine’s current and future needs in the face of a prolonged defense against Russia,” the G7 will launch ‘Extraordinary Revenue Acceleration (ERA) Loans’ for Kiev. This will make available “approximately $50 billion in additional funding to Ukraine by the end of the year,” it said.
The G7 said it intends to provide financing that will be serviced and repaid by future flows of “extraordinary revenues stemming from the immobilization of Russian Sovereign Assets” held in the European Union and other relevant jurisdictions.
“To enable this, we will work to obtain approval in these jurisdictions to use future flows of these extraordinary revenues to service and repay the loans,” the statement reads.
The G7 intends to disburse the financing through multiple channels that direct the funds to Ukraine’s military, budget, and to its reconstruction needs, it added.
The US has been pushing its allies to embrace a loan backed by income from the frozen Russian assets that could provide Ukraine with billions of dollars in near-term funding. Most of the frozen assets are being held in the EU. US Treasury Secretary Janet Yellen said recently that the flow of windfall profits earned on the immobilized Russian assets amounts to around $3-$5 billion per year.
Russia has repeatedly stated that any actions taken against its assets would amount to “theft” and would violate international law. Moscow has warned it would respond in kind if the West went through with threats to confiscate Russian assets.
Russian President Vladimir Putin on Friday outlined conditions for Ukraine peace talks, insisting that Ukraine should first of all remove its troops from Russia’s new regions. Putin also condemned Kiev’s Western backers for allegedly preventing it from holding peace talks with Moscow while also accusing Russia of rejecting negotiations. Accepting the terms would allow everyone involved to turn the page and gradually rebuild damaged relations, the Russian president said.
Ukraine’s Vladimir Zelensky has rejected Russia’s terms for ending the conflict, describing the peace conditions as an “ultimatum.”
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Grubbers gonna grub, man. It’s what they do. It’s funny that they’re so hungry they can’t even wait for the table to be set though.
Before all is said and done, they MAY be serving themselves a giant plate of crow.
No usurer – no debt
It’s a relatively easy concept to understand. Think of it as a magic trick. Russia is just gonna make you disappear. Poof! Debt be gone!
As an aside…when you see your neighbor exit his home with the double bladed war axe and the Viking helmet on? NOT the time to remind him he owes you money!
Putin: “I got your 486 billion right here”.
The G7 demands…that’s fcuking hilarious, knowing who they are and what they represent it’s amazing they haven’t died at the hands of their own people.
…yet.
There’s no need for Russia to pay this money as the American people have already paid twice that amount to support the actor / Dictator of Ukraine in a war initially started by Barack Obama.
Blackmail is a game that can be played by all parties.
Now ? Crapping Cucumbers.
Giorgia Meloni Wins Voting in Italy, in Breakthrough for Europe’s …
ROME — Italy turned a page of European history on Sunday by electing a hard-right coalition led by Giorgia Meloni, whose long record of bashing the European Union, international bankers and migrants has sown concern about the nation’s reliability in the Western alliance.
Fuck off Meloni let the sandniggers depart from the ships a year or so ago in Lampedusa. She is WEF bitch.
Hard Right…lol …
https://x.com/warintel4u/status/1802309490575859888
If anyone thinks that over the hill whore is hard right, they must be really stupid.
G7 no standing to steal the russians’ money.
The Geriatric 7 countries?
Yeah, good luck wit dat. Russia’s much likelier to give them 486 billions worth of missile blessings – delivered at hypersonic speed
“…much likelier to give them 486 billions worth of missile blessings – delivered at hypersonic speed.”
56-year-old freediver holds breath for almost 25 minutes breakin…
???????????
Don’t hold Your breath.
Thought 👁️ explained before?
start shit and then expect to reimbursed for your losses? no wonder the west is in so much trouble. trouble does come when absolute, unfettered, uninhibited lunatics rise to the top of the cesspool they built.
we don’t elect ‘leaders’, only STUPID LOSERS!!
We have an ‘elite’ managerial class comprised of stupid and incompetent girl-bosses, faggots, niggers, and kikes. [and why we have them: https://www.anarchonomicon.com/p/assassination-war-and-the-death-of ]
These people have never suffered the well deserved consequences of their decisions, and anytime there was ever any hint of blowback, they called the amoral mercenaries we pretend are the police to protect them at any cost by any means necessary.
They are trying to run foreign relations is the same fashion, but using the mercenaries we pretend are our military (instead of the mercenaries we pretend are our domestic police) to force policies on other nations.
Also, I doubt America has had an honest election since at least the mid-1990s.
To which Putin replied: “Измельчите песок пидоров”*
*pound sand faggots
Interesting how no undersea fiberoptic cables have been…lost.
Amazing. Nuland starts a war, then Putin must repay her homeland. But, she’s a distant relation to the Black Nobility.
Phinneas, my 3yr. & 1 day old Maltipoo refuses to leave my lap. His sister Phoebe wants up too.
Both have a higher IQ than the combined Neocons in DC.
While we’re listening to Sirius XM Radio Classics. Dick Powell as Richard Diamond, Private Detective. Written & Directed by some low-end talent.
Blake Edwards.