- cross-posted to:
- ukraine
- cross-posted to:
- ukraine
The new £2.26 billion is the UK’s contribution to the G7 Extraordinary Revenue Acceleration (ERA) Loans to Ukraine scheme, in which $50 billion from G7 countries will be delivered to Ukraine for its military, budget and reconstruction needs. The loan will be repaid using the extraordinary profits on immobilised Russian sovereign assets.
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Loaning money is not aid. It’s literally war profiteering, leeching off the most desperate. That’s how empire has always offered “help”.
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