Loans will be repaid using interest generated by $300bn of frozen Russian assets held in the west

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.

  • Fidel_Cashflow
    72·
    2 months ago

    do you really believe america was defending itself in the Vietnam war? is that an actual opinion that you hold?

    • Hemuphone@lemmy.world
      33·
      2 months ago

      Oh, obviously not, USA was definitely not defending itself. I was just pointing out that it would be ridiculous to say that USA was committing genocide on its own citizens when they sent them to war.

      • wellfillEnglish
        6·
        2 months ago

        Well in the us case and precisely Vietnam, it would not be difficult to show that blacks were disproportionately drafted. The treatment of blacks could then be argued to be intentional. In the case of Ukraine I agree with the mass murder wording, for genocide I think that intent needs to be shown. So zelensky would need to intentionally kill the citizens(as in that being the goal), instead of ‘just’ using them like cheap meat for the machine.