10/31/2024

American terrorists stole the continent of North America, now continue to steal sovereign assets

 ‘Theft’ of sovereign assets now US government policy – Moscow

Washington’s use of the proceeds from frozen Russian assets to repay a $20 billion loan to Ukraine shows that the US has advanced “theft” to the level of government policy, the Russian Embassy in the US has said.

On Wednesday, President Joe Biden announced a “historic decision to leverage Russian sovereign assets to support Ukraine.” The US will provide Kiev with a $20 billion loan as part of a broader $50 billion G7 package, he said in a press release.

The day before, both the EU and UK announced loans of their own, similarly to be repaid via interest from Russian funds.

The use of windfall profits from blocked Russian assets will provide Ukraine assistance “without burdening taxpayers,” Biden said.

Western countries sanctioned an estimated $300 billion in sovereign Russian assets soon after the escalation of the Ukraine conflict, blocking the assets in Western financial institutions.

As of end-August 2024, Singapore is blissfully holding US$239 billion in US Treasury securities, up US$54.8 billion from US$184.2 billion a year ago. In the same period, China has trimmed its holdings from US$805.4 billion to US$774.6 billion.

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