Washington announced on Tuesday the release of 20 billion dollars for Ukraine, which will be reimbursed by interest on Russian assets frozen due to sanctions.
The $20 billion in aid released Tuesday by the United States for Ukraine, which will be financed by interests from Russian assets frozen as a result of sanctions, is a «vol»denounced Russian diplomacy on Wednesday, which promised reprisals. “The granting of another loan announced by the United States Treasury Department (…) is a trivial theft”the Russian Foreign Ministry said in a statement.
On Tuesday, Washington released 20 billion dollars for Ukraine, its share of the 50 billion loan promised by the G7 and which will be reimbursed by the interests of Russian assets in the West, frozen due to sanctions. After months of discussions, G7 leaders reached an agreement in October to use interest generated by Russian sovereign assets frozen in their jurisdictions due to international sanctions, to guarantee a $50 billion loan for the ‘Ukraine. “These funds – financed by windfall revenues from Russia’s fixed assets – will provide Ukraine with essential support”assured Treasury Secretary Janet Yellen on Tuesday.
Moscow threatens to seize Western assets
“The G7 steals other people’s money”slammed Russian diplomacy on Wednesday, castigating “the Russophobic impulse” of the government of Joe Biden, a few weeks before the end of his mandate in the United States. “No pseudo-legal trick, largely seasoned with hypocrisy and double standards, will go unanswered”warned the Russian Foreign Ministry. And to threaten: “Russia has sufficient capacity and influence to retaliate by seizing Western assets under its jurisdiction”.
The Biden administration has been working in recent weeks to accelerate its aid to Ukraine before the transfer of power to the Trump administration on January 20. She had already announced aid estimated at $988 million for kyiv on Saturday. The Republican president-elect, for his part, insisted on his intention to reduce American aid, vital for Ukraine, as soon as he takes office in a little over a month. The amount of Russian assets frozen in the G7 countries – a large part in Belgium with the Euroclear clearing house – amounts to some 300 billion euros which generate up to three billion euros in revenue per year .
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