this post was submitted on 14 Jun 2024
166 points (98.3% liked)

World News

39110 readers
2634 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] turbo@sciences.social 2 points 5 months ago (1 children)

@jeffw are the interests on the frozen assets generating/generated 50 billions of $ ? 🤔

[–] mosiacmango@lemm.ee 5 points 5 months ago* (last edited 5 months ago) (1 children)

From the article:

When Russia invaded Ukraine in 2022, Western governments froze about $300 billion in Russian assets — including money, securities, gold and bonds — held mainly in banks in Europe.

Leaders of the G7 economies have agreed to use the interest generated by the assets — about $3 billion per year — to help Ukraine.

[–] turbo@sciences.social 1 points 5 months ago (1 children)

@mosiacmango so it's around 6 billions = 3 billions/year x 2years, not 50 billions, right?

[–] Pheonixdown@lemm.ee 5 points 5 months ago (1 children)

They're giving Ukraine $50B, as a loan. They're repaying the loan at a rate of $3B/yr using the seized interest payments.

[–] Riven@lemmy.dbzer0.com 2 points 5 months ago (1 children)

Ah so ukrains not meant to pay it back but it's gonna get paid back by the interest on the Russian money held in international banks. Thanks for the explanation and this is definitely a step up of what I thought it was.

[–] intelshill@lemmy.ca 0 points 5 months ago

This only works assuming Russia is indefinitely sanctioned... So, either we've just signed ourselves into a second Cold War, or the taxpayer will be responsible for repayment.