this post was submitted on 22 Oct 2024
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Rachel, Where do "profits" on these assets come from? These aren't corporate bonds but Government bonds. The Governments (US, UK and others) are paying the defence contractors using public money.
If there were no Russian foreign reserves being stolen, would the west not have sent weapons to Ukraine? Of course not! The weapons manufacturers have to make profits, it would come out of a different Government account.
They are making excuses to make it look like the public isn't paying for it.
I don't think anyone is saying it isn't public money. More than Ukrain isn't on the hook to repay the loan after the war like the UK was to the US after WW2.