G7 Agrees $50Bn Loan For Ukraine From Russian Assets

[naomi24]

//The G7 has agreed to use frozen Russian assets to raise $50bn (£39bn) for Ukraine to help it fight invading Russian forces.

US President Joe Biden said it was another reminder to Russia "that we're not backing down", but Moscow has threatened "extremely painful" retaliatory measures.

Also at the G7 summit in Italy, Ukrainian President Volodymyr Zelensky and Mr Biden signed a 10-year bilateral security deal between Ukraine and the US, hailed by Kyiv as "historic".

The agreement envisages US military and training aid to Ukraine - but it does not commit Washington to send troops to fight for its ally.//

 

https://www.bbc.co.uk/news/articles/cllldqyg19ro

 

What now?  I can't see an end to this conflict.

[Untitled]

they'll give just enough to keep the war going and not enough to end it. The USA is doing very well indeed out of the war and i think they are quite happy to let the current stalemate drag on as long as possible

[ToraToraTora]

Odd it's a loan though. At some point in the future when the war is over and Russian assets thawed, will Ukraine have to make the repayments to Russia?

[youngmafbog]

Yes, I wondered about the term 'loan'.

I cant see an end either Naomi but what choice is there?  Anyone who thinks Putin will stop at Ukraine is a fool. He will continue to rebuild the USSR to how it is if we dont make a stand as he sees that all as Russian.

[bhg481]

Maybe they're just not allowed to give away someone else's money. At the end of the war they can instruct Russia to compensate Ukraine, who will already have the money.

[youngmafbog]

And of course should Ukraine ultimately loose and become Russia they can say "You already have it".

[youngmafbog]

It's not really such a large figure either when you consider Germany funds (net) the EU by 25 Bn a year - every year.

[Peter Pedant]

Problem is that Trump can cancel it cant he ( I'm the President, I can do anything)

[tomus42]

//Maybe they're just not allowed to give away someone else's money. At the end of the war they can instruct Russia to compensate Ukraine, who will already have the money.//

That's what I thought. 

[ynnafymmi]

All Russia needs to do is withdraw its forces from the Ukraine.Putin thought(like Napoleon and Hitler before him)that it would be an easy victory,thousands of dead Russians has proved him wrong.Victory to the Ukraine.