U.S. Steals $20 Billion From Russia to Prolong to Ukraine's Lost War Effort
The decision jeopardizes the U.S. dollar as countries gather for BRICS summit in Kazan, Russia.
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The U.S. announced Wednesday that it will steal $20 billion in Russian interest on seized assets to help fund a $50 billion Group of Seven [G7] package to help fund Ukraine’s losing war effort.
Ukrainian President Volodymyr Zelensky announced the decision by the U.S. on X while wearing a “Make Russia Small Again” T-shirt.
“This assistance will truly support us, and it is important that it be implemented this year,” he posted. “I am grateful to the United States and to the entire G7.”
There has been concern within the G7 that Washington would not come through with the full amount because of the EU’s failure to come up with an agreement to keep Russian assets frozen for at least three years.
Daleep Singh, the White House deputy national security adviser for international economics, bullshitted: “Never before has a multilateral coalition frozen the assets of an aggressor country and then harnessed the value of those assets to fund the defense of the aggrieved party, all while respecting the rule of law and maintaining solidarity,” according to Roll Call.
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The Russian Embassy in Washington mocked the administration calling the steal “historic.”
“It is clear even to the average person what is truly ‘significant’ in this case is the theft elevated here to the rank of state policy,” the statement read.
The International Monetary Fund has previously warned that the Western push to confiscate Russian assets or the interest on these funds could dramatically undermine the global monetary system.
The U.S. and EU seized about $300 billion in Russian assets. The U.S. holds about $6 billion out of that money.
Christine Lagarde, the European Central Bank president, spoke out against stealing Russian assets in April at the Council for Foreign Relations.
“Moving from freezing the assets to confiscating the assets, disposing of them, is something that needs to be looked at very carefully” because it would “start breaking the international legal order that you want to protect, that you would want Russia and all countries around the world to respect,” according to Politico.
France and Germany have expressed concerns that the seizure could undermine the euro on the global market.
Julie Kozack, a spokeswoman from the IMF, told reporters that it is important that any actions taken “have a sufficient legal basis and do not undermine the functioning of the International Monetary system,” according to RIA Novosti.
The Russian Embassy continued that the BRICS Summit in Kazan this week “confirmed the need for multilateral efforts to build a truly independent financial architecture that would be protected from such blatant illegal actions, are the clearest proof of this,” according to RT.
Jeffery Sachs, the Columbia economist, spoke with CGTN about the rise of BRICS and said he warned U.S. officials for decades that if you want other countries to use the USD, “don’t bully them and confiscate their currencies.”
“In a way, the U.S. is pushing lots of the rest of the world together… it's not that they're coming together intrinsically in an anti-Western way… it's that the U.S. is putting sanctions all over the world,” he said.
He said the BRICS are not “anti-Western,” but rather “anti-coercion by the West.”
What do you expect?
They are Jews.
https://fritzfreud.substack.com/p/family-values-ii-occupy-rothchild