REFERENCE: Clause 15-2 - The Purchase Of New 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 15-2: The Purchase Of New Ukrainian Debts

NARRATIVE

https://www.nbcnews.com/data-graphics/russian-bank-foreign-reserve-billions-frozen-sanctions-n1292153

Where the Bank of Russia stored its hundreds of billions - Seven countries have frozen assets barring Russia from at least $284 billion.

 

https://www.wsj.com/articles/u-k-sanctions-have-frozen-more-than-21-billion-in-russian-assets-11668119739

The U.K. said its sanctions targeting Russia have frozen nearly £18.4 billion in assets, equivalent to about $21.5 billion, as the country plans to ratchet up enforcement.

 

https://www.fdiintelligence.com/content/news/the-imfs-top-10-biggest-debtors-81405

Ukraine also features among the IMF’s largest debtors with a total outstanding debt of $12.2bn. The Ukraine government first agreed to a $2.2bn IMF loan in 1998. The IMF then agreed to lend Ukraine a further $15.15bn in 2010, but the deal was frozen in 2011 amid the lack of reform efforts, the IMF said in 2012 ... In March 2023, the IMF dispersed $2.7bn to Ukraine as part of a $15.6bn loan to support the country’s economy after more than a year since Russia’s invasion. This new loan, which is subject to reforms and part of a $115bn total support package for Ukraine, was the first time the Fund had extended major conventional financing to a country involved in a full-scale war.

 

https://www.imf.org/en/About/Factsheets/IMF-Lending

IMF members have access to the General Resources Account on non-concessional terms (market-based interest rates), but the IMF also provides concessional financial support (currently at zero interest rates) through the Poverty Reduction and Growth Trust, which is better tailored to the diversity and needs of low-income countries.

 

https://www.cfr.org/in-brief/how-frozen-russian-assets-could-pay-rebuilding-ukraine

The United States, European Union (EU), and other governments are considering whether to use seized Russian assets to fund Ukraine’s reconstruction and recovery, the cost of which could top $1 trillion.

 

https://lieber.westpoint.edu/reparations-for-war-what-options-for-ukraine/

The most persuasive legal authority is to base reparations on Russia’s internationally wrongful act in violating the UN Charter by waging an aggressive war.

 

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

Membership of the United Nations Security Council is held by the five permanent members and ten elected, non-permanent members.

 

https://www.cfr.org/article/how-russias-invasion-ukraine-violates-international-law

Russia’s invasion of Ukraine violates Article 2(4) of the UN Charter, a central tenet of the charter that requires UN member states to refrain from the “use of force against the territorial integrity or political independence of any state.”

 

https://www.economist.com/leaders/2023/07/20/should-ukraine-get-russias-frozen-reserves

Yet it is vital that any measures the West takes comply with international law. For Ukrainians and their backers, the war is not just about defending one country against an aggressor but also about upholding the post-1945 global order, which underpins the world’s economy and security. Whatever the West does with Russia’s frozen assets will set a precedent that will shape global behaviour for decades to come.

 

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

The reconstruction of Germany was a long process of rebuilding Germany after the destruction endured during World War II. Germany suffered heavy losses during the war, both in lives and industrial power. 6.9 to 7.5 million Germans died, roughly 8.26% to 8.86% of the population (see also World War II casualties). The country's cities were severely damaged from heavy bombing in the closing chapters of the war and agricultural production was only 35% of what it was before the war.

 

https://www.reuters.com/world/us-intelligence-assesses-ukraine-war-has-cost-russia-315000-casualties-source-2023-12-12/

Kyiv treats its losses as a state secret and officials say disclosing the figure could harm its war effort. A New York Times report in August cited U.S. officials as putting the Ukrainian death toll at close to 70,000.

 

PICTORIAL