Article is almost 2 years old. Surely much worse by now.
Link: https://www.npr.org/2022/05/26/1100501433/heres-how-much-it-could-cost-to-rebuild-ukraine-and-who-would-pay-for-it
(no message)
Lines as to how much $$$$$ we have given to them for absolutely no benefit to our country???
How has the $$$ we have given to them benefited our country????
...from the attached article...
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As the U.S. Congress fights over an aid package that could deliver an additional $60 billion in emergency assistance to Ukraine, some lawmakers in the United States and other large, allied democracies have their eyes on a much larger pot of potential funding: Russian central bank assets frozen in Western financial institutions.
In recent weeks, there has been growing momentum behind efforts to permanently seize the frozen funds, estimated to total approximately $300 billion, and use them to help Ukraine offset the vast cost of rebuilding its towns and infrastructure destroyed by Russia’s invasion.
In Washington, the Biden administration has signaled its support for a legislative effort to smooth a path toward seizure of the approximately $50 billion-$60 billion in Russian funds held by U.S. financial institutions.
Europe, where most of the Russian funds currently reside, appears to be taking a more cautious path that could lead to the interest earned by frozen Russian funds being directed to Ukraine’s use, while leaving the underlying funds untouched.
The G7 group of large economies has backed a suggestion that the frozen Russian assets be treated as collateral for zero-interest loans that could be used to fund Ukrainian reconstruction.
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Don't think for one moment that Russia is skating free of responsibility for what they've done...it's going to cost them dearly.
Link: https://www.voanews.com/a/momentum-builds-in-efforts-to-seize-russian-assets-for-ukraine-/7488319.html
At the very least there should be due process through the courts.
If suddenly no countries can trust having assets held by other central banks, it could have a serious impact on global payments.
It's one thing to freeze assets, quite another to take them.
here on out will determine the degree to which Russian assets are seized...IMO that amount will not be zero.
The actual seizure of assets is also a signal to other mal-intentioned actors that they can't start wars and not pay a price...I'd rather see that message sent, than no action at all...apparently, based on my link, there are a few others on the world stage who agree.
Said nobody.
reconstruction...instead of giving those proceeds back to Russia...as a minimum.
Link: https://www.politico.eu/article/eu-moves-toward-using-profits-from-frozen-russian-assets-for-ukraine/#:~:text=Brussels%20and%20G7%20could%20use,rebuild%20the%20war%2Dstruck%20country.&text=The%20Council%20of%20the%20EU,assets%20to%20finance%20Ukraine%27s%