The interest payments are starting to come in from all those frozen Russian assets the European Union (EU) is holding hostage. And the United Kingdom plans to spend its interest windfall on Ukraine.
According to reports, Great Britain is planning to send another $2.93 billion to the Zelensky regime, bumping the total G7 spending spree on Kyiv so far up to $50 billion.
Defence Secretary John Healey said the extra billions will help Ukraine bolster its frontline military equipment, describing the cash transfer in terms of “turning the proceeds of Putin’s own corrupt regime against him by putting it into the hands of Ukraine.”
The goal is to release the money as quickly as possible so there are no hitches, said Chancellor Rachel Reeves. Zelensky will receive the money in the form of a “loan” that the UK will recoup the cost of via sanctions on Russian assets – “within the correct legal framework,” officials claim.
To try to avoid controversy, Reeves added the caveat that the UK is not confiscating sovereign Russian assets in Europe but rather using the profits and interest accrued from them to keep the Ukrainian war machine running.
Hellbound and Down 