The G7 has voted to use the interest on frozen Russian assets as a loan to Ukraine. The frozen assets are primarily in banks in Europe and are valued at $260 billion. The amount representing the interest has been determined to be $50 billion or 19.2%. Frozen for 2 ¼ years that would indicate an interest rate of roughly 8.53%. Despite the funds being held in EU banks, the loan guarantee will be from the US. In addition, the US is sitting on the REPO Act giving Congress the right to seize $5 billion in Russian Assets…
Always a thank you ~
So many truths in one essay, it's hard to find which one to comment on. Splendid, as always.
And here comes war …
And conscription. Pity the young.
Extremely Well Explained !