The Deep State has Europe moving to attack Russia Financially. This gives them and China more reason to advance their plans to kill the dollar. Our leadership has their heads up their rears.
European Commission President Ursula von der Leyen has announced plans to transfer the first €1.5 billion ($1.6 billion) in revenue generated from frozen Russian assets to Ukraine, potentially as soon as July. This move aligns with international law and aims to maintain the stability of financial markets.
The European Commission will provide Ukraine with €1.5 billion in income from frozen Russian assets in July, 90% will go towards weapons – EC head Ursula von der Leyen
And then they will blame Russia when EU financial structure suffers a blow 🤷♀️ pic.twitter.com/BWGSutNzk1
— Dagny Taggart (@DagnyTaggart963) June 11, 2024
Approximately $300 billion of Russian central bank assets are currently frozen globally, with the majority held within the European Union. There is ongoing debate and discussion about utilizing these funds to support aid and reconstruction efforts in Ukraine.
The announcement was made at the Ukraine Recovery Conference 2024, held in Berlin on June 11. Von der Leyen highlighted that 90% of these funds will be dedicated to defense purposes, with the remaining 10% allocated towards rebuilding and reconstructing Ukraine. The intent is to significantly bolster Ukraine’s defense capabilities while also contributing to its infrastructure and societal rebuilding efforts.
The EU will provide Ukraine with the first 1.5bn euros of proceeds from frozen Russian assets in July.
European Commission head Ursula von der Leyen said this at the Ukraine Recovery Conference in Germany. She added the EU should start accession talks with Ukraine by the end of… pic.twitter.com/bsvWRJfin6
— Anton Gerashchenko (@Gerashchenko_en) June 11, 2024
Further discussions on the strategic use of these Russian assets to benefit Ukraine are scheduled for the upcoming G7 summit, which will take place from June 13 to June 15. This summit will include discussions among global leaders about additional mechanisms for aiding Ukraine during this critical period.
In a related development, US President Joe Biden has also confirmed an agreement with French President Emmanuel Macron regarding the use of profits from the frozen Russian assets. The leaders have decided to support Ukraine by providing an upfront loan ranging from $2.6 billion to $3.7 billion. This financial assistance is aimed at securing Ukraine’s financing needs through 2025.
Ukraine will receive €1.5 billion of the income from frozen Russian assets from the EU in July, said the head of the European Commission, Ursula von der Leyen.
90% of the amount will go to purchase weapons.
@ukr_leaks_eng pic.twitter.com/x8RTc0xVAc
— Zlatti71 (@Zlatti_71) June 11, 2024
Major Points:
- European Commission President Ursula von der Leyen announced the transfer of €1.5 billion ($1.6 billion) from frozen Russian assets to Ukraine, expected as early as July.
- The funds are part of approximately $300 billion in Russian assets frozen globally, predominantly within the EU.
- The allocation is set with 90% for defense and 10% for reconstruction efforts in Ukraine.
- Further discussions on the use of Russian assets for Ukraine’s benefit are scheduled at the upcoming G7 summit.
- The U.S. and France have agreed to provide Ukraine with a substantial loan using profits from these assets to ensure financing through 2025.
TL Holcomb – Reprinted with permission of Whatfinger News
