REFERENCE: Clause 15-1 - The Cancellation of Existing Ukrainian Debts (Part II)

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The following references are associated with The CURD Plan: » The Plan » Point 15: The Debt Concessions » Clause 15-1 - The Cancellation of Existing Ukrainian Debts

NARRATIVE

https://news.yahoo.com/belgium-set-1-8-billion-153300602.html

The money for the fund will be taken from tax on income from frozen Russian assets in the country. "It is quite clear to us that 100% of tax income from these assets should go to the Ukrainian population," De Croo said. He added that the country did it last year and will do it again this year. The Belgian official explained that the money from the fund would be used for military equipment, humanitarian aid, the European Peace Facility, macroeconomic support, etc ... On Jan. 26, the EU Council's legal service developed a plan to use the frozen assets of the Russian Central Bank, worth about $36.8 billion, to finance Ukraine's recovery. As a result of arrests and various mechanisms for confiscating the assets of Russians and collaborators in Ukraine, UAH 28.3 billion ($775.6 million) have been transferred to the state budget since Feb. 24, 2022. However, according to Bloomberg, the EU has assessed that it cannot legally confiscate fully frozen Russian assets and is instead focusing on the temporary use of these assets.

 

https://www.wsj.com/world/europe/world-war-ii-history-haunts-attempts-to-seize-russian-assets-eb066910

Berlin has emerged as one of the fiercest opponents of the U.S.-led push to commandeer some of the nearly $300 billion of Russian central-bank assets that were frozen at the start of Russia’s war on Ukraine. Germany fears that seizing, rather than freezing, the funds could create a precedent and inspire new claims against them for WWII-era crimes.

 

https://kyivindependent.com/belgium-creates-1-8-billion-fund-for-ukraine-from-taxing-frozen-russian-assets/

Belgium has created a 1.7 billion euro ($1.8 billion) fund for Ukraine financed by the tax revenue from interest on frozen Russian assets, the country's Prime Minister Alexander de Croo announced on Oct. 11 ... Much of the frozen assets are blocked at Euroclear Bank, which has a branch in Brussels, Belgian newspaper Het Nieuwsblad reported. "As an international securities manager, Euroclear invests those frozen Russian assets and makes a substantial profit. They then have to pay Belgian corporate tax, which flows to the state treasury," Het Nieuwsblad explained ... Belgium holds about 180 billion euros ($191 billion) in frozen Russian assets, de Croo said in The Hague.

 

https://en.wikipedia.org/wiki/List_of_presidents_of_Ukraine

After the 2014 Ukrainian revolution, Viktor Yanukovych abandoned his office and fled the country. He was subsequently impeached, and replaced by Oleksandr Turchynov as the Chairman of the Verkhovna Rada, who serves as acting president when the office is vacant. Early presidential elections were held on 25 May 2014 and won by Petro Poroshenko; Poroshenko was inaugurated as the fifth president on 7 June 2014. On 18 June 2015, Yanukovych was officially deprived of the title of President of Ukraine. After defeating Poroshenko, Volodymyr Zelenskyy was inaugurated as the sixth president of Ukraine on 20 May 2019.

 

https://en.wikipedia.org/wiki/Petro_Poroshenko#Corruption

Corruption in Ukraine is a widespread problem; although there are signs that during Poroshenko presidency it decreased (thanks to the Prozorro digital system). Poroshenko signed a decree to create the National Anti-Corruption Bureau of Ukraine to comply with the requirements of the International Monetary Fund. Since 2015, the Bureau has sent 189 cases to court, but no one significant was convicted. The head of the Special Anti-Corruption Prosecutor's Office reportedly coached suspects on how to avoid corruption charges.

 

https://en.wikipedia.org/wiki/Corruption_in_Ukraine#Corruption_and_business

Transparency International's 2022 Corruption Perceptions Index (CPI), which scored 180 countries on a scale from 0 ("highly corrupt") to 100 ("very clean"), gave Ukraine a score of 33. When ranked by score, Ukraine ranked 116th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. For comparison with worldwide scores, the best score was 90 (ranked 1), the worst score was 12 (ranked 180), and the average score was 43. For comparison with regional scores, the best score among Eastern European and Central Asian countries [Note 1] was 56, the worst score was 19 and the average score was 35. Transparency International noted, "Although it still scores low, war-torn Ukraine is one of few significant improvers on the CPI, having gained eight points since 2013."

 

https://en.wikipedia.org/wiki/Volodymyr_Zelenskyy

He then pursued a career in comedy and created the production company Kvartal 95, which produced films, cartoons, and TV shows including the TV series Servant of the People, in which Zelenskyy played a fictional Ukrainian president. The series aired from 2015 to 2019 and was immensely popular.

 

https://www.transparency.org/en/countries/ukraine

Corruption Perceptions Index: 2022 Rank - 116/180, 2022 Score - 33/100.

 

https://www.politico.com/news/2023/10/02/biden-admin-ukraine-strategy-corruption-00119237

The “sensitive but unclassified” version of the long-term U.S. plan lays out numerous steps Washington is taking to help Kyiv root out malfeasance and otherwise reform an array of Ukrainian sectors. It stresses that corruption could cause Western allies to abandon Ukraine’s fight against Russia’s invasion, and that Kyiv cannot put off the anti-graft effort.

 

https://finance.yahoo.com/news/why-warren-buffett-loves-compound-211002737.html

It was the renowned scientist and theoretical physicist Albert Einstein who said, “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” These words are reflected by investor Warren Buffett, who is most associated with the basic wealth building strategy.

 

https://www.theguardian.com/world/2018/oct/25/1mdb-scandal-explained-a-tale-of-malaysias-missing-billions

The fund has since been at the heart of one of the biggest corruption scandals in the world. The US justice department believes more than $4.5bn was stolen and the resulting scandal has been responsible for the toppling of a government this year and the arrest of Najib, his wife, Rosmah Mansor, and a growing number of close associates.

 

https://en.wikipedia.org/wiki/Freedom_of_the_press_in_Ukraine

Ukraine was in 96th place[1] out of 180 countries listed in the 2020 World Press Freedom Index, having returned to top 100 of this list for the first time since 2009, but dropped down one spot to 97th place in 2021, being characterized as being in a "difficult situation".

 

https://en.wikipedia.org/wiki/World_Press_Freedom_Index

Countries are ranked on a scale from 0–100 points.

 

https://www.nytimes.com/2024/06/18/world/europe/ukraine-press-freedom.html

Journalists say they are subject to increasing restrictions and pressure from the government of President Volodymyr Zelensky, adding that the measures go beyond wartime security needs.

 

PICTORIAL