Britain is to lend Ukraine an additional £2.26bn and allow Kyiv to spend the money on weapons to fight off the Russian invasion as part of a wider $50bn (£38.5bn) loan programme expected to be confirmed by G7 members later this week.

The loans will be repaid using interest generated by the $300bn of frozen Russian assets held in the west, with the extra funds promised as the US heads towards a presidential election where support for Ukraine is a divisive issue.

Rachel Reeves said: “The profits being made on those assets aren’t being kept for Russia to use in the future. They’re now being used to fund Ukraine.” The chancellor made the announcement alongside the defence secretary, John Healey.

  • FuckyWucky [none/use name]
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    2 months ago

    The profits being made on those assets aren’t being kept for Russia to use in the future. They’re now being used to fund Ukraine

    Rachel, Where do “profits” on these assets come from? These aren’t corporate bonds but Government bonds. The Governments (US, UK and others) are paying the defence contractors using public money.

    If there were no Russian foreign reserves being stolen, would the west not have sent weapons to Ukraine? Of course not! The weapons manufacturers have to make profits, it would come out of a different Government account.

    They are making excuses to make it look like the public isn’t paying for it.

    • @wewbull@feddit.uk
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      12 months ago

      I don’t think anyone is saying it isn’t public money. More than Ukrain isn’t on the hook to repay the loan after the war like the UK was to the US after WW2.

  • ☆ Yσɠƚԋσʂ ☆
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    42 months ago

    I’m sure that after hundreds of billions that were poured into Ukraine over the past couple of years, this is going to make all the difference.

  • Bobr
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    -162 months ago

    Additional money for Zelensky to continue terrorizing, kidnapping and murdering Ukrainians :(

      • Bobr
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        2 months ago

        Any sources on this?

        Sure, what exactly would you like to have source for? People being mass imprisioned in Ukraine? Zelensky’s concentration camps? Kidnappings of people?

        Edit: reading through your comment history you sound like a meth head lmao

        Why? Because I’m “slightly unhappy” with Zelensky trying to kill me, my friends, family, and well, all Ukrainians? :/

        (If you went through my comment history, you should have seen sources for everything I’ve said already, but I don’t mind reposting them for you)

      • Bobr
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        2 months ago

        You misspelled Putin

        Are you sure?

        Damn, mass kidnapping people on territories he doesn’t even control (Kiev, Kharkiv, Odessa, Lviv, well every single city and village out there) seems really impessive, I wonder how does he do it…

        • @Reddfugee42@lemmy.world
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          12 months ago

          Listing so many pieces of bullshit is still bullshit. But if Putin doesn’t like the results of the war he started, he can always leave.

          • Bobr
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            2 months ago

            Listing so many pieces of bullshit is still bullshit.

            What is bullshit? Zelensky’s regime kidnapping people and sending them to the meat grinder? You not wanting to see it for some reason doesn’t make it false.
            https://www.lemonde.fr/en/international/article/2024/10/03/ukraine-is-employing-increasingly-controversial-methods-for-mobilization_6728127_4.html

            But if Putin doesn’t like the results of the war he started, he can always leave.

            I am sure you won’t believe me, but I’m not Putin. My friends are not Putin. My family are not Putin. Believe it or not, every other Ukrainian getting exterminated by Zelensky is not Putin as well. Could you please tell us, what do we need to do to not get kidnapped on a street and sent to die in the meat grinder? To be able to leave country to safety?