Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
euractiv | Don Brussels agrees to send €3bn from frozen Russian assets to aid Ukraine
EU diplomats agreed Wednesday to use income from frozen Russian state assets to aid Ukraine - paving the way for the war-torn country to get around €3 bn for arms purchases and reconstruction before the summer.
[...]
The plan—which also has backing from the group of seven leading industrialised democracies—comes as Ukraine hopes to turn the tide in an increasingly desperate military campaign, bolstered by €89bn recently agreed by the US Congress. But Ukrainian ministers have said Brussels needs to go further than merely scooping up interest [sic] payments—and fully confiscate ["mobilise"?] Moscow's assets to ensure the aggressor pays for the cost of war.
archive duh syphon's buffer
The final deal allows Euroclear to keep a provisional buffer [!] worth 10% of [WHOSE?] profits, in case of litigation over the funds. It can also keep 0.3% as an incentive ["vig"], while 90% of the funds will be sent via the < wipes tears > European Peace Facility to help Ukraine buy weapons.

Commission President Ursula von der Leyen previously suggested Ukraine could receive the first funds under the mechanism by July—but the calculation will be backdated to February, when Euroclear formally segregated the assets.

WHO IN HELL WANTS TO DO BUSINESS WITH THESE PEOPLE?!
by Cat on Wed May 8th, 2024 at 06:01:26 PM EST
[ Parent ]
kyivindependen | The REPO Act hasn't won the war for Russian assets, 7 May
...For one, the bill does not guarantee the confiscation of Russian assets - this is a decision for the U.S. president.
[...]
Another issue is that the REPO Act stipulates [?] that any efforts by the U.S. to confiscate and allocate Russian assets must be done in conjunction with international allies, including the G7, the European Union, and other countries.
DIVISION F, Title I, Title II - Repurposing of Russian sovereign assets
The fact that the U.S. would require the prior consent of foreign governments [nope] before it could take discretionary action has been criticized by legal experts [?] as being "unprecedented" and "unconstitutional."
SEC.203 Prohibition on release of blocked Russian sovereign assets.
(a) In general.—No Russian sovereign asset that is blocked or effectively immobilized by the Department of the Treasury before the date specified in section 104(j) may be released or mobilized, except as otherwise authorized by this division, until the date on which the President certifies to the appropriate congressional committees
[...]
Russian assets in the U.S. are also only a drop in the bucket, totaling around $4-5 billion. This barely scratches the surface of Ukraine's $486 billion reconstruction bill or $100 billion annual war costs....
ChatGPT | Zelensk* Reveals 10-Year Military Aid Plan between U.S. and Ukraine, 1 May
"negotiations for the bilateral security agreement are underway, with teams from both Ukraine and the United States collaborating on drafting the text"

< wipes tears >

sum chump fell for the "unrepayable loan" scam.

by Cat on Wed May 8th, 2024 at 08:40:17 PM EST
[ Parent ]
thehill | US announces $400 million military aid package for Ukraine, 10 May
[...]
On Friday, Russia also launched a major attack in the northeastern Kharkiv region, putting even more pressure on Ukrainian forces.
reference
defense.gov | Biden Administration Announces Additional Security Assistance for Ukraine, 10 May PDA "attritable capabilities" LIST
by Cat on Sat May 11th, 2024 at 01:10:38 AM EST
[ Parent ]
by Cat on Tue May 14th, 2024 at 09:58:19 PM EST
[ Parent ]
WH Press Briefing: Karine Jean-Pierre and John Kirby | May 17, 2024, A/V (EN), 00:56:45
KIRBY @ 06:50: Now, if I could just quickly shift to Ukraine. We are closly monitoring Russia's offensive in northeastern Ukraine and are working around the clock to get weapons and equipment into the hands of Ukrainian soldiers to help them repel these attacks. Soon after the president signed the National Security Supplemental Act last month, he authorized two military aid packages under the presidential draw-down authority [PDA], and late last month the Department of Defense announced a six billion dollar package through the Ukraine Security Assistance Initiative which will be used to procure new equipment to strengthen Ukraine's defenses over the medium and long term, and of course you saw Secretary Blinken in Keev this past week announce that the United States will provide an additional two billion dollar aid package for Ukraine's defense under the foreign military financing program. All of this—sorry, that aid for FMF will used in four ways—first, to help Ukraine procure weapons and equipment to repel Russia's invasion; second, to invest in Ukraine's defense industrial base; third, to help Ukraine purchase military equipment from other countries in addition to the United States; and finally, these funds may help other countries transition off [sic] Russian systems and incentivize [sic] donations to Ukraine.
archive Feb 15th 2024, Nov 3rd 2023, Ukraine Security Initiative, Foreign Military Sales Agency, dodig.mi, osd.mil, samm.dsca.mil, Read My Lips in Diplomacy Soley with Allies

reference
dsca.mil, Foreign Military Financing (FMF)
cnn, US approves first-ever military aid to Taiwan through program typically used for sovereign nations (31.08.23)
"The package—which is part of the State Department[!]s foreign military financing (FMF) program—totals $80 million and will be paid for by US taxpayers."

by Cat on Sat May 18th, 2024 at 07:53:47 PM EST
[ Parent ]
Some great work Cat ... amazing how you manage all the links ... one straight line ... a continuing story (telling) of a war narrative, destroying dissent, censorship and sticking to rhetoric until defeat and retreat is inevitable ... Saigon - Baghdad - Tripoli - Damascus - Kyiv. Millions have suffered, been displaced, wounded and died ... young lives destroyed ... war trauma lasts a lifetime. ... boat refugees ... Garden and Barbarians from the Jungle



'Sapere aude'
by Oui (Oui) on Sun May 19th, 2024 at 06:00:35 AM EST
[ Parent ]

Display:

Occasional Series