Moscow claims US government policy now includes the 'theft' of sovereign assets
According to the Russian Embassy in the US, Washington has formalized the theft of sovereign assets as part of its government policy. Read Full Article at RT.com
TroibNews 
President Joe Biden announced on Wednesday that frozen Russian funds will be utilized to support Ukraine.
According to the Russian Embassy in the US, the decision to use proceeds from frozen Russian assets to repay a $20 billion loan to Ukraine demonstrates that the US has elevated "theft" to an official government policy.
In a press release, Biden described the US initiative as a “historic decision to leverage Russian sovereign assets to support Ukraine,” stating that Washington would provide Kiev with a $20 billion loan as part of a larger $50 billion G7 package.
On the previous day, both the EU and the UK had also announced similar loans, which would also be repaid through interest generated from Russian funds.
Biden claimed that utilizing windfall profits from blocked Russian assets will allow for assistance to Ukraine "without burdening taxpayers."
As the largest provider of military support to Ukraine, Washington asserts that it has contributed over $64 billion in military assistance since the conflict escalated in 2022.
The Russian Embassy in the US reacted to Biden's use of the term “historic” in the White House press release, indicating that the true “significant” aspect of the situation is akin to state-sanctioned theft.
The Embassy further stated that such Western measures have been rejected in the international community, arguing, “The neocolonial deals of a small group of countries led by the United States have long and deservedly aroused a sharp rejection by the global majority.”
In addition, the Embassy highlighted the outcomes of the recent BRICS Summit in Kazan, which emphasized the need for multilateral efforts to create a truly independent financial framework protected from “blatant illegal actions.”
The leaders of BRICS countries criticized illegal sanctions during their summit, outlining their negative impact on the global economy and trade in the comprehensive Kazan Declaration. They advocated for the removal of these “unlawful unilateral coercive measures,” asserting that they are “inconsistent with rules” of the WTO, undermine the UN Charter, and destabilize the multilateral trading system.
Following the escalation of the Ukraine conflict, Western nations imposed sanctions on an estimated $300 billion in sovereign Russian assets, effectively blocking them in Western financial institutions.
Despite pressure from the US to fully confiscate these funds, the IMF has opposed such actions due to concerns that they could damage global trust in the Western financial system. Moscow has warned that it would consider such an act as “theft” and would respond correspondingly.
Frederick R Cook for TROIB News
According to the Russian Embassy in the US, the decision to use proceeds from frozen Russian assets to repay a $20 billion loan to Ukraine demonstrates that the US has elevated "theft" to an official government policy.
In a press release, Biden described the US initiative as a “historic decision to leverage Russian sovereign assets to support Ukraine,” stating that Washington would provide Kiev with a $20 billion loan as part of a larger $50 billion G7 package.
On the previous day, both the EU and the UK had also announced similar loans, which would also be repaid through interest generated from Russian funds.
Biden claimed that utilizing windfall profits from blocked Russian assets will allow for assistance to Ukraine "without burdening taxpayers."
As the largest provider of military support to Ukraine, Washington asserts that it has contributed over $64 billion in military assistance since the conflict escalated in 2022.
The Russian Embassy in the US reacted to Biden's use of the term “historic” in the White House press release, indicating that the true “significant” aspect of the situation is akin to state-sanctioned theft.
The Embassy further stated that such Western measures have been rejected in the international community, arguing, “The neocolonial deals of a small group of countries led by the United States have long and deservedly aroused a sharp rejection by the global majority.”
In addition, the Embassy highlighted the outcomes of the recent BRICS Summit in Kazan, which emphasized the need for multilateral efforts to create a truly independent financial framework protected from “blatant illegal actions.”
The leaders of BRICS countries criticized illegal sanctions during their summit, outlining their negative impact on the global economy and trade in the comprehensive Kazan Declaration. They advocated for the removal of these “unlawful unilateral coercive measures,” asserting that they are “inconsistent with rules” of the WTO, undermine the UN Charter, and destabilize the multilateral trading system.
Following the escalation of the Ukraine conflict, Western nations imposed sanctions on an estimated $300 billion in sovereign Russian assets, effectively blocking them in Western financial institutions.
Despite pressure from the US to fully confiscate these funds, the IMF has opposed such actions due to concerns that they could damage global trust in the Western financial system. Moscow has warned that it would consider such an act as “theft” and would respond correspondingly.
Frederick R Cook for TROIB News
