Funding Ukraine Through Frozen Russian Assets


Posted originally on Jul 29, 2024 By Martin Armstrong

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EU Economic Commissioner Paolo Gentiloni has claimed that the Group of Seven (G7) will release $50 billion in frozen Russian assets to Ukraine by October. These leaders agreed at the last meeting on June 13 that they would indeed take the money they confiscated from Russia and provide it to Ukraine in terms of a loan.

They stipulate this by saying they will only loan Ukraine money made on the profits of holding these assets. The risk will be shared among the G7 nations, and this risk is substantial, for Ukraine will no longer exist as a nation when this is over based on our computer models. Zelenskyy is too busy stuffing his pockets to actually care about his people or the future. He is banking on NATO invading Russia and extinguishing it as a country so he can then seize all the assets of Russia for Ukraine.

Ukraine War Wealth

The Pandora Papers revealed that Ukraine had the highest number of politicians from any country with a secret offshore account. Even Forbes Magazine said that Ukraine owes it to the West to clean up the outrageous corruption. NATO could not even permit Ukraine entry due to its overtly corrupt politicians.

These nations are teetering on the edge by using these assets as collateral. If they were to actually give Ukraine the frozen assets, Putin would then be justified to just confiscate ALL assets held by Western countries and private/public corporations. These actions by the G7 completely violate international law. What’s more, these nations are now threatening foreign banks in nations like India to cease funding Russia or risk being debanked or blacklisted by the United States and Europe.

No sum is ever enough for Ukraine. Zelensky is demanding the full $300 billion in frozen Russian assets. Reports state that the income generated from the $300 billion has only reached $3.2 billion on an annualized basis at this time. Yet, the European Commission released $1.6 billion to Ukraine on July 26, which does not include the proposed $50 billion incoming loan.

“There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live,” European Commission President Ursula von der Leyen proudly stated. She forgot to add that 90% of these funds will go right back to Europe to reimburse them for the aid they have sent Ukraine. It is beyond morally corrupt to recirculate illegally confiscated assets in this manner.

“The extraordinary revenues generated in this context by the EU operators do not belong to Russia and are held by CSDs,” or central securities depositories, the EC released in a statement. “The EU has now started to channel these revenues to Ukraine.” So, the commission felt they could steal assets from Russian people and corporations simply residing in a country they sanctioned? Europe is not at war with Russia, technically, and neither is the rest of the G7. Ukraine is not a member state. The West unleashed a new form of economic warfare that would be used against them as any “unfriendly” nation could easily turn around and withhold funding from another country.

Russian President Putin Pledges to Reciprocate if U.S. Places Long-Range Missile Systems in Germany


Posted originally on the CTH on July 28, 2024 | Sundance

I can tell you from firsthand recent experience, Russia has psychologically prepared the citizens of the country for war against the West, if that is what’s needed.

The Russian people do not want war but trust me – they are a hardened nation filled with people who are used to hardship in comparative terms to Americans and Europeans. Their military bases are full of trainees, and the streets have as many young men in fatigues as they do business attire.

The roads and highways are full of not-so-subtle billboards preparing the nation. There are posters on the streets and in the subway stations, and flyers in almost every business, shop, office and retail location preparing the citizens of Russia.  There is also a very cold and deliberate tone in all of the expressed government information about preparation.  In short, they’re ready.

POLITICO – Russian President Vladimir Putin threatened to deploy missiles within striking distance of the West should the U.S. move forward with its missile deployment in Germany.

Russian President Vladimir Putin threatened a tit-for-tat response should Washington deploy long-range missiles in Germany, saying Moscow would answer by placing similar missiles within striking distance of the West.

Washington and Berlin announced earlier this month that the U.S. will deploy the arms in Germany starting in 2026, along with Tomahawk cruise missiles and developmental hypersonic weapons. The missiles “have significantly longer range than current land-based fires in Europe,” the White House said in a statement.

The move is meant to show the U.S.’s commitment to NATO and its European allies.

In a speech on Sunday to mark Russian navy day, Putin accused the U.S. of escalating tensions, saying “we will take mirror measures to deploy, taking into account the actions of the United States, its satellites in Europe and in other regions of the world,” Reuters reported.

The Intermediate-Range Nuclear Forces Treaty — signed in 1987 — banned ground-based missiles with a range of more than 500 kilometers. The U.S. withdrew from the treaty in 2019, citing Moscow’s development of the 9M729 ground-launched cruise missile, known in NATO circles as the SSC-8. (Read More)

RUSSIA TODAY – Russia will consider itself free from a moratorium on the deployment of medium and shorter-range missiles if the US places missiles in Germany, Russian President Vladimir Putin has said in an address to sailors at the Navy Day parade in St. Petersburg.

Earlier this month, the US and Germany announced plans to deploy long-range precision missile systems in Europe. According to a joint US-German press release dated July 10, the US “will begin episodic deployments of the long-range fires capabilities of its Multi-Domain Task Force in Germany in 2026.”

Putin called this announcement “noteworthy,” as such a deployment will put important Russian state and military facilities, administrative and industrial centers, as well as defense infrastructure within the reach of the weapons. He noted that the flight time of such missiles to targets on Russian territory would be about ten minutes, and that they could also be equipped with nuclear warheads.

“This situation is reminiscent of the events of the Cold War related to the deployment of American medium-range missiles in Europe,” Putin stated. He said that while Russia has long left the Cold War in the past, the US “did not reciprocate.” The president warned that if the US goes through with the missile deployment plan, Russia will respond accordingly. (read more)

I know exactly where that speech was given, and I have seen the naval combat training center therein.

Vladimir Putin is not bluffing.

Russia Raises Taxes to Fund War


Posted originally on Jul 15, 2024 By Martin Armstrong 

Russia 5 Rubles

The people always lose in times of war. Vladimir Putin is looking to the Russian civilians to help fund the war that has lasted far longer than anticipated, thanks to Ukraine having backers with deep pockets. The flat tax rate of 13% that Putin implemented when he took over for Yeltsin in 2001 is being ratified for the first time I nearly 25 years.

Families earnings under 2.4 million roubles ($27,312.14 USD) will maintain the 13% rate. Those earning between 5 and 20 million roubles (>$227,592.80 USD) will face a flat tax rate of 18%, while those earning between 20 million to 50 million roubles (%$568,982.000 USD) will face a 20% tax. The highest earners bringing home over 50 million roubles annually will be taxes 22%.

Now, this is still a light rate of taxation compared to what we see elsewhere. Still, people and businesses alike are displeased. The corporate tax rate will rise by 5% from 20% to 25%. The government expects to generate an additional 2.6 trillion roubles in revenue once the tax is implemented next year.

Russia’s Finance Ministry believes that 2 million people, 3.2% of the working population, will see a rise in their taxes. Taxes on investments will not change. “The changes are aimed at building a fair and balanced tax system,” Finance Minister Anton Siluanov said, adding that the additional funds would bolster Russia’s “economic well-being.” He said the tax hikes will help fund social spending, including state child support and Russia’s pension fund.

It is almost unheard of for a nation to maintain the same rate of taxation for two decades. The flat rate was big selling point of Putin’s success and popularity among the Russian people. Yet, wages in Russia have also risen at the fastest pace in over five years, with a 7.3% uptick in 2023. Russia is expected to spend at least 40% of its budget on the war in Ukraine. Russia now must prepare for a prolonged war as NATO has become heavily invested and has backed the country into a tight corner.

Putin & the May 7th Turning Point


Posted originally on Jun 30, 2024 By Martin Armstrong 

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COMMENT: Living in Eastern Europe, I can see how your May 7th target marked Putin’s change in attitude. Before May 7th, it was others who brought up nuclear war. May 7th saw Putin yield to his critics, and ever since, he has been directly warning the world about nuclear war. I think your model pinpointed this change.

Very interesting

Grygoriy

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REPLY: Yes. I was concerned that either Ukraine would do something stupid and assassinate Putin or he would yield to his critics. It seems the second option was the outcome. His critics have long held that he should have just invaded Ukraine and conquered it like the US did with Iraq and then release Ukraine after eliminating the anti-Russian faction. Putin did not want to appear to be an invader and termed it a special operation to defend the Donbas. It was Victoria Nuland who installed an UNELECTED government and then instructed them to attack the Donbas to start this civil war and call them “terrorists” because they wanted to separate from Kiev. This article is from April 2014.

What I find really disturbing is how the press has rewritten history and now ignore all the facts to paint Putin as evil when Nuland started this war to draw in Putin.