“The loans to Ukraine will be repaid from future windfall profits from the immobilization of Russian state assets,” said a statement released after the G7 ministerial meeting in Washington. As announced, the first financial disbursement to Kyiv is expected to be made by the end of 2024.
As Politico explains, the loan given to Ukraine will be fully repaid from profits made from Russian assets frozen in Western countries after Russia's invasion of Ukraine in February 2022. The total amount is estimated at more than $250 billion.
Ukraine war and Russian assets. A landmark decision by the G7
Russian Foreign Ministry Spokesperson Mariya Zakharova responded in a lengthy statement to the announcement of the loan to Kiev and the declaration of repayment from Russian funds.
Russia. Mariya Zakharova furious at G7 countries' decision
One of the fragments reads: “A decisive reaction on the Russian side to the European Union's new attempt to deprive the Russian Federation of revenue from its frozen assets will not last long.”
According to Zakharova, this is “another fraudulent scheme to embezzle other people's property” and, as she wrote, “the EU, in cooperation with the US and other accomplices, “The level of cynicism and lack of principles common to Western countries in this case is completely unacceptable,'' a Foreign Office spokesperson said.
According to Zakharova, the G7 countries' declaration shows that the EU is “losing its competitiveness” to the point of “inflicting a strategic defeat” on Russia. In Zakharova's opinion, this is “petty theft to fill holes in the Ukrainian budget and in the EU budget itself, which was created as a result of the irresponsible policies of the Brussels dictatorship.”
“robbery”. Russian Foreign Ministry spokesperson slams Western countries
“The funds stolen from Russia, which were supposed to be used for loan repayments, will be transferred to the most corrupt Volodymyr Zelenskiy (or his successors),” a Russian Foreign Ministry spokesperson said. .
At the same time, Zakharova again accused Kiev of “illegal actions against the Russian-speaking population of Ukraine.”
Zakharova said: “Any confusion over the diversion of Russian funds will only ultimately destroy the world's remaining confidence in the EU as a trade, economic and investment partner and lead to further debt enslavement of future generations of Ukrainians.” ” he said. “Western groups are used to plundering entire countries and continents. The methods are changing, but the essence is the same as it was centuries ago,” she said.
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