The step marks a significant escalation of the US economic war on Russia
On Tuesday, the US announced that it disbursed a $20 billion loan for Ukraine that will be paid back using interest earned on frozen Russian Central Bank assets, a step that marks an escalation of the Western economic war against Russia.
The $20 billion is part of a total $50 billion loan being provided by the Group of Seven (G7) nations. The entire loan will be paid back using the Russian assets.
“These funds — paid for by the windfall proceeds earned from Russia’s own immobilized assets — will provide Ukraine a critical infusion of support as it defends its country against an unprovoked war of aggression,” US Treasury Secretary Janet Yellen said in a statement.
“The $50 billion collectively being provided by the G7 through this initiative..."
...Providing Ukraine with aid using Russian assets will make a peace deal more difficult since Moscow will want reimbursement for the funds.
🔗SOURCE ➡️ Antiwar.com
12/2 — Blinken Announces $725 Million in Weapons To Ukraine
See: The Ukrainians Are Blaming The Americans For Not Sending More Weapons, Faster. The Americans are blaming the Ukrainians for not drafting more young men, faster.
11/22 — US And European Officials Discussed Giving Ukraine Nuclear Weapons
7/16 — Saudi Arabia ‘Threatened’ G7 Against Seizing Frozen Russian Assets: Report
Riyadh has significantly boosted its economic ties with Moscow over recent years in spite of western objections
6/13 — Saudi Arabia’s Petro-Dollar Exit: A Global Finance Paradigm Shift
@PsyopDaily / TheMcgwire Originals ⤵️
8/25/23 — BRICS Doubles Share of Global Oil Production In Welcoming Six New Members at BRICS Summit in S. Africa
7/26/23 — The End of The PetroDollar, The Rise of BRICS is Here
March 2022 Flashback: US Hegemony Threatened As Saudis, UAE, India Ignore Threats of Sanctions, Turn to Russia/China
(predicting the rise of BRICS and Saudis abandoning the petrodollar, one month into the Ukraine war)
Saudi Arabia and UAE Signal Possible Breakaway From US, Growing Relationship with China/Russia Alliance
....supports my last publication’s thesis that the US' unilateral sanctions are expediting the fall of the dollar as a reserve currency, and critically damaging to not just the countries sanctioned by the US, but critically damaging to America itself as well.
... illustrative of the macrocosm of the US pressuring allies and neutral countries alike to do what is not in their respective interest, pushing these countries into the arms of Russia and China.
...Saudi Arabia is seeking to start accepting the Yuan for their oil in place of the dollar. Being that Saudi Arabia set the foundation for the petrodollar, this is particularly significant,
.......Conclusion
The AIIB and BRICS will likely play a large role in the new economic world order discussed in my last publication from a week ago. The AIIB already has half of NATO signed on, and is gaining traction with the Silk Road Belt and Road initiative....
...India, Saudi Arabia, UAE, South Africa, and others yet to be as entangled, could simply be biding their time as they seek a smooth transition...
As Saudi Arabia is seeking to abandon the Petrodollar, India is seeking to phase out the dollar as a reserve currency in trade with Russia, the dollar’s reserve currency status faces a great threat.
Saudi Arabia’s departure from the standard it was instrumental in creating could embolden other countries to follow suit. Likewise, as multiple countries bolster relations with Russia and China, and defy the US’s wishes and implicit or direct threats, this could embolden others to do the same in the future-dismantling US hegemony. We could be witnessing the fall of the US empire, and its reserve currency, coincided by the rise of an emerging power structure and world economic system in which BRICS nations rise as the new dominant power of the globe.
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