Posted on 10/28/2024 7:48:42 AM PDT by delta7
The sums of money flowing to Ukraine from Europe and the U.S. are enormous
The Council of the European Union has approved a financial support package, which includes an extraordinary macro-level loan of up to €35 billion, as well as a credit cooperation mechanism that will help Ukraine repay €45 billion of loans, the EU council announced.
As part of the new macro-level financial assistance (MFA) approved by the member states, interest income from the funds of the Russian central bank frozen in EU banks will be made available to Ukraine.
The funds will help Ukraine cover the costs of the EU loan and loans provided by G7 partners and to also repay these loans; however, Kyiv can use the amount from the MFA at its discretion.
As Remix News reported just a year ago, the EU approved €66 billion to Ukraine. Between contributions from individual member states and the EU itself, the Kiel Institute Ukraine Support Tracker indicates that Europe has allocated €118 billion in aid, with €74 billion yet to be allocated but slated to go to Ukraine. That does not include huge sums sent to Ukraine from the United States and other countries.
The amounts from the new macro-level financial support will be disbursed until the end of 2025. The disbursement of the loan is conditional on Ukraine’s continued commitment to maintaining effective democratic mechanisms and respecting human rights.
As part of the sanctions introduced by the EU against Russia, since February 2022, the assets of the Russian central bank stored in the financial institutions of EU member states, worth around €210 billion, have been frozen. The generated profit is estimated at around €2.5 billion to €3 billion annually, depending on the interest rate.
According to the EU, these revenues are not state assets and do not have to be made available to the Russian central bank even after the end of the freeze. Following the adoption by the European Parliament, the Council of the European Union approved the text through a written procedure with the aim of making the MFA loan available in 2024, disbursed in 2025, and repaid in a maximum of 45 years. The decree enters into force on the day following its promulgation.
Everything about Ukraine stinks, the stench is becoming overpowering.
I wonder how much that €35 bil is laundered US taxpayer money...
The EU should handle ALL of Ukraine’s financial and military needs.
It is local to them.
Loan my butt.
This action by the EU is a sick and twisted attempt to block President Trump from ending the Ukraine War. Only one thing will stop the contemptible Eurotrash from setting the world on fire, President Trump needs to tell the Europeans that if they continue to push the Ukraine War then the U.S. will pull out of NATO and let the Europeans fight Russia alone.
They have to be given just enough to keep dying.
Enough with the charge of “laundering.” Holding off the Russians for 2 1/2 years shows that the Ukrainians have been putting this aid to good use.
> The EU should handle ALL of Ukraine’s financial and military needs. <
Right you are. It’s not 1945 anymore. Europe is wealthy enough to stand on its own.
But the United States still likes to play the Big Boss Man, and be involved in everything, everywhere. That helped bring the Roman and British Empires down. It will help bring us down, too.
Note to taxpayers in the UK: You lot might want to ask the same question...
Probably FEMA money.
Loan? LOL.
Boris Johnson, the British PM at the time, sabotage the peace talks. Why did he do it? One word - money.
Stop covering for the Biden Regime monster.
If Trump becomes president your world will come crashing down so I fully expect you to vote for Kamalamadongdong like the nasty neocon you are.
The low information types are still cheering on US’s proxy war. A majority of the world is now questioning whether sending more western welfare cash to a defeated Ukraine is wise….the only answer is Corruption.
The only consolation is the US’s Project Ukraine is dead. I fully expect President Trump to expose the Ukie scam of the century.
This is always amusing.
Countries granting **LOANS**.
Where did the money come from to lend? Why, from the European Central Bank, of course. The ECB, like the Fed, creates money from nothingness. And in this case sends it to Ukraine.
Will they ever pay it back? Why should they? Why should anyone? It was created from nothingness. If the lender needs more money, he can create more. No need to pay it back.
Please stop repeating this lie. It did not happen.
The EU’s own brand of Lend-Lease. Never to be repaid. By design
LOL, what “peace talks” ??
The only thing Russia was offering Ukraine was surrender and slavery ... that’s not a serious offer
Sensibly rejected!
The Ukraine has been reduced to a shell of its former self and is fighting with young boys and old man. What a tragedy. You have no feeling for those people.
It seems that Canada is full of snakes and that someday America might have to give Canada the same treatment that it is giving the Ukraine. Turdeaux will not save you.
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