The US supports the issuance of $50 billion "freedom bonds" for Ukraine at the expense of frozen assets of the russian federation - Bloomberg
Kyiv • UNN
Washington supports the idea of issuing $50 billion worth of bonds for Ukraine using frozen russian assets to finance Ukraine's war effort.
Washington supports the idea of issuing $50 billion in bonds for Ukraine at the expense of frozen russian assets. This was reported by Bloomberg and UNN , citing its own sources.
Details
It is noted that the proposal provides for the merger of $280 billion in assets of the russian central bank, which were immobilized by the G7 countries and the European Union, into an SPV, the profits from which will go to the so-called "freedom bonds.
The publication reminded that more than two-thirds of russia's frozen assets are blocked in the EU, where they bring in about $3.6 billion in net profit per year.
Proceeds from the proposed bond placement are almost equal to the $60 billion in U.S. aid still pending in Congress.
The journalists noted that Western countries are trying their best to get funding for Ukraine at a critical moment in the war, as the Ukrainian Armed Forces are facing a shortage of artillery and russia has made some progress in the east.
Addendum
Bloomberg adds that EU leaders will discuss how to use the proceeds of frozen russian assets to help Ukraine at a meeting in Brussels on Thursday.
Discussions are currently at an early stage. It is noted that some members of the G7, including Germany and France, have expressed caution about the new idea.
At the same time, countries, including the EU and Estonia, called on their allies to be bolder and confiscate assets immediately
Recall
Austrian Chancellor Karl Nehammer said against the backdrop of the European Commission's proposal to use the proceeds from frozen russian assets to buy weapons for Ukraine that it is important for his neutral country that the money is not spent on weapons and ammunition.