The United States of America supported the new idea of helping Ukraine.
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Washington gave the green light for a proposal to issue $50 billion in bonds. for Ukraine at the expense of frozen assets of the Russian Federation. This was reported by Bloomberg.
The article said the proposal would pool $280 billion. assets of the Russian Central Bank, immobilized by the G7 countries and the European Union, into an SPV, the profits from which will go towards so-called freedom bonds.
It is reported that more than two-thirds of Russia’s frozen assets are blocked in the EU, where they are worth about $3.6 billion. net profit per year.
Proceeds from the proposed bond placement are almost $60 billion. American aid, which has still not been considered by the US Congress. Western countries are trying to find funding for Ukraine at a critical moment in the war, because the Ukrainian Armed Forces are faced with a shortage of artillery, and the occupiers have achieved some success in the Donbass.
EU leaders will meet in Brussels on March 21 to discuss how to use profits from frozen Russian assets to help Ukraine.
Let us recall that the head of European diplomacy, Josep Borrell, planned to propose using 90% of the proceeds from frozen Russian assets to purchase weapons for Ukraine through the European Peace Fund. He proposed transferring the remaining 10% of the money to the EU budget and using it to develop the capabilities of the Ukrainian defense industry.
Source: Bloomberg
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.