Britain is to lend Ukraine an additional £2.26bn and allow Kyiv to spend the money on weapons to fight off the Russian invasion as part of a wider $50bn (£38.5bn) loan programme expected to be confirmed by G7 members later this week.

The loans will be repaid using interest generated by the $300bn of frozen Russian assets held in the west, with the extra funds promised as the US heads towards a presidential election where support for Ukraine is a divisive issue.

Rachel Reeves said: “The profits being made on those assets aren’t being kept for Russia to use in the future. They’re now being used to fund Ukraine.” The chancellor made the announcement alongside the defence secretary, John Healey.

    • anonymous111@lemmy.world
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      1 month ago

      If they don’t win then they can’t pay it back. If anything it gives an incentive to lend them more.

      The Iron Bank.

  • FuckyWucky [none/use name]@hexbear.net
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    1 month ago

    The profits being made on those assets aren’t being kept for Russia to use in the future. They’re now being used to fund Ukraine

    Rachel, Where do “profits” on these assets come from? These aren’t corporate bonds but Government bonds. The Governments (US, UK and others) are paying the defence contractors using public money.

    If there were no Russian foreign reserves being stolen, would the west not have sent weapons to Ukraine? Of course not! The weapons manufacturers have to make profits, it would come out of a different Government account.

    They are making excuses to make it look like the public isn’t paying for it.

    • wewbull@feddit.uk
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      1 month ago

      I don’t think anyone is saying it isn’t public money. More than Ukrain isn’t on the hook to repay the loan after the war like the UK was to the US after WW2.

  • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
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    30 days ago

    I’m sure that after hundreds of billions that were poured into Ukraine over the past couple of years, this is going to make all the difference.

  • BobrA
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    1 month ago

    Additional money for Zelensky to continue terrorizing, kidnapping and murdering Ukrainians :(

      • BobrA
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        1 month ago

        Any sources on this?

        Sure, what exactly would you like to have source for? People being mass imprisioned in Ukraine? Zelensky’s concentration camps? Kidnappings of people?

        Edit: reading through your comment history you sound like a meth head lmao

        Why? Because I’m “slightly unhappy” with Zelensky trying to kill me, my friends, family, and well, all Ukrainians? :/

        (If you went through my comment history, you should have seen sources for everything I’ve said already, but I don’t mind reposting them for you)

          • BobrA
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            1 month ago

            Yes sources on all the things you listed would be great.

            Sure, here you go.

            Here is one about millions of Ukrainians being imprisoned in Ukraine, held as Zelensky’s hostages, since the start of the war: https://theconversation.com/why-banning-men-from-leaving-ukraine-violates-their-human-rights-178411

            Here is ex-AFU colonel talking about how Zelensky turned Pokrovsk into a concentration camp: https://m.youtube.com/watch?v=7AXSB_WnYV0

            As for the kidnappings, this shit happens every single day, there are so many videos and articles IN WESTERN MEDIA about this, how some people are still pretending this does not happen is beyond me… There is even a word for that now - busification. One moment you walk on a street minding your own business, and another moment you’re being packed in a van by people in masks. Just enter it in your favourite search engine. https://uadraftmuseum.ch/
            https://files.catbox.moe/6vasrt.mp4
            https://files.catbox.moe/ur24tz.mp4
            https://www.lemonde.fr/en/international/article/2024/10/03/ukraine-is-employing-increasingly-controversial-methods-for-mobilization_6728127_4.html

            And yes saying the leader of Ukraine is “genociding” Ukrainians is a meth head take on the situation. It almost sounds like you recently learnt that word and are applying it to everything.

            So, how would you name it instead? OK sure, maybe “genocide” is too sensational, would “exterminate” be better? Or maybe simple “mass murder of hundreds of thousands (if not millions…)” is better?

            EDIT: Although, considering that they started talking about genociding FOURTEEN YEAR OLDS “if such a need would arise” - I’ll continue calling this for what this is - a fucking genocide.

            https://news.telegraf.com.ua/ukraina/2024-10-22/5882757-snizit-mobilizatsionnyy-vozrast-do-14-let-nuzhno-budet-pri-odnom-uslovii-korchinskiy-obyasnil

            • sandbox@lemmy.world
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              30 days ago

              Just for some constructive feedback, you shouldn’t use the term “genocide” when it isn’t applicable, because it just leads to people obsessing over the fact that you used that term rather than considering the actual point that you were making.

              • BobrA
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                29 days ago

                Thank you for the feedback, I’ll take it into account.

            • technocrit@lemmy.dbzer0.com
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              1 month ago

              Just cause some “deep state” cornball says something on youtube, that doesn’t make it real.

              Just cause some dude says something about drafting 14yos, that doesn’t mean it’s actually happening.

              Your sources are garbage, misleading, and definitely do not qualify as “genocide”.

              • Grapho@lemmy.ml
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                1 month ago

                Just because it’s not CNN or the NYT saying it (they would never go against the state department unless public opinion has already massively shifted) doesn’t mean it’s a bad source.

                Le monde is one of the most “reputable” sources in Europe and they’re corroborating, is a good source only a US source? For a conflict on the other side of the world? There’s literally video evidence of the kidnappings.

              • BobrA
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                1 month ago

                Eh, and that’s what I am talking about it…

                Nothing would convince you. If Zelensky suceeds in wiping out every single Ukrainian from the face of Earth you will still find some excuse why it’s not genocide, or why it was good… :/

                • Hemuphone@lemmy.world
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                  1 month ago

                  So your point is that Ukraine is committing genocide by forcing their citizens to defend their country? And somehow they are the bad guys, not the imperialist Russians?

                  Maybe I misunderstood, but if not, that is some impressive mental gymnastics.

      • BobrA
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        29 days ago

        You misspelled Putin

        Are you sure?

        Damn, mass kidnapping people on territories he doesn’t even control (Kiev, Kharkiv, Odessa, Lviv, well every single city and village out there) seems really impessive, I wonder how does he do it…

        • Reddfugee42@lemmy.world
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          29 days ago

          Listing so many pieces of bullshit is still bullshit. But if Putin doesn’t like the results of the war he started, he can always leave.

          • BobrA
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            29 days ago

            Listing so many pieces of bullshit is still bullshit.

            What is bullshit? Zelensky’s regime kidnapping people and sending them to the meat grinder? You not wanting to see it for some reason doesn’t make it false.
            https://www.lemonde.fr/en/international/article/2024/10/03/ukraine-is-employing-increasingly-controversial-methods-for-mobilization_6728127_4.html

            But if Putin doesn’t like the results of the war he started, he can always leave.

            I am sure you won’t believe me, but I’m not Putin. My friends are not Putin. My family are not Putin. Believe it or not, every other Ukrainian getting exterminated by Zelensky is not Putin as well. Could you please tell us, what do we need to do to not get kidnapped on a street and sent to die in the meat grinder? To be able to leave country to safety?