Tue. Jul 2nd, 2024

American investor Jim Rogers criticized US measures regarding the use of frozen Russian assets to support Ukraine, considering that these steps represent a “theft” of Russian funds.

During an interview with RIA Novosti, Rogers expressed his opposition to the decision of Washington and its allies to use the income from these assets to provide support to Kiev.

Rogers described these actions as immoral, noting that one country’s seizure of assets belonging to another country is unacceptable behavior.

He stressed that the American administration is determined to support Ukraine in its confrontation against Russia, questioning the real effectiveness of these measures in achieving victory for Kiev.

These statements come in the context of ongoing tensions against the backdrop of the Russian military operation in Ukraine, where the European Union and the G7 countries froze about half of Russia’s foreign exchange reserves.

US Treasury Secretary Janet Yellen also recently proposed a mechanism to exploit frozen assets worth $285 billion for the benefit of Ukraine.

In recent months, approvals were issued by the US House of Representatives and the G7 to activate these funds for the purposes of rebuilding Ukraine and providing financial support to it.

For his part, Russian President Vladimir Putin warned that the seizure of Russian assets would not pass without a reaction, describing the matter as theft.

Since the beginning of the Russian military operation, the United States, the European Union, Canada, Japan, and New Zealand have imposed wide-ranging sanctions on Russia, including banning imports of Russian oil and gas, freezing the assets of individuals and entities linked to the Russian government, and restricting trade and financial relations.

The United States banned all imports of Russian oil and gas, while the European Union suspended the Nord Stream 2 gas pipeline, which extends from western Russia to Germany.

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