And where would Ukraine get the money to pay it back, like Russia and the U.K. after WWII?
“I’m for a modified lend lease...
And where would Ukraine get the money to pay it back, like Russia and the U.K. after WWII?”
Interesting Four Points:
1. Lend-Lease ended on September 2, 1945, following the surrender of Japan
2. USSR Repayment:
The U.S. asked for $1.3 billion to settle the debt, but was only offered $170 million by the USSR.
In 1972, the dispute remained when the U.S. accepted an offer from the USSR to repay $722 million linked to grain shipments from the U.S. With inflation, this only represented 25% of the initial debt with the remainder being written off.
3. Great Britain Repayment:
The final payment of $83.3 million (£42.5 million), was made by Britain on December 29, 2006. After this final payment, Britain’s Economic Secretary to the Treasury formally issued thanks to the U.S. for its wartime support.
4. The Ukraine Democracy Defense Lend-Lease Act of 2022 was passed by U.S. Congress which President Biden signed, the Ukraine Democracy Defense Lend-Lease Act of 2022 to: supply military, economic and humanitarian aid to Ukraine in its defense against the Russian invasion of Ukraine.
Russia!
Frozen assets, a levy on exports, there are many options.
An export levy can work rather like the petroleum price cap currently being enforced.