@mosiacmango so it's around 6 billions = 3 billions/year x 2years, not 50 billions, right?
They're giving Ukraine $50B, as a loan.
They're repaying the loan at a rate of $3B/yr using the seized interest payments.
Ah so ukrains not meant to pay it back but it's gonna get paid back by the interest on the Russian money held in international banks. Thanks for the explanation and this is definitely a step up of what I thought it was.
This only works assuming Russia is indefinitely sanctioned... So, either we've just signed ourselves into a second Cold War, or the taxpayer will be responsible for repayment.
@mosiacmango so it's around 6 billions = 3 billions/year x 2years, not 50 billions, right?
They're giving Ukraine $50B, as a loan. They're repaying the loan at a rate of $3B/yr using the seized interest payments.
Ah so ukrains not meant to pay it back but it's gonna get paid back by the interest on the Russian money held in international banks. Thanks for the explanation and this is definitely a step up of what I thought it was.
This only works assuming Russia is indefinitely sanctioned... So, either we've just signed ourselves into a second Cold War, or the taxpayer will be responsible for repayment.