G7 Not Planning to Unfreeze Russian Assets After End of Ukraine Conflict – Reports
Sputnik – 22.10.2024
The Group of Seven nations will announce later this month that they will keep Russian assets frozen in their jurisdictions even after the end of hostilities in Ukraine, media reported on Tuesday, citing an Italy-led draft statement.
“We … reaffirm that Russia’s sovereign assets in our jurisdictions will remain immobilized until Russia ends its aggression and pays for the damage it has caused to Ukraine,” the draft of the leaders’ statement, quoted by Nikkei, read.
The G7 intends to guarantee a $50 billion loan for Ukraine, to be repaid by windfall profits from the frozen Russian assets, the news agency said, citing multiple G7 and EU sources.
Last month, European Commission President Ursula von der Leyen recommended EU member states to consider loaning Ukraine 35 billion euros ($38 billion) that will be repaid with windfall profits earned by Russia’s frozen assets. The proposal was endorsed by the European Parliament earlier on Tuesday. European Commissioner for Justice Didier Reynders said that the G7 would announce their contributions to Kiev’s $50 billion loan secured by Russian assets in Washington on October 25.
EU to tap frozen Russian assets
RT | October 22, 2024
The European Parliament has approved a €35 billion ($38 billion) loan to Ukraine to be repaid with revenues from frozen Russian assets, according to an official statement on Tuesday. The financing fulfils the EU’s share of a $50 billion aid package for Kiev agreed by G7 countries in June.
MEPs approved the move with 518 votes in favor, 56 against and 61 abstentions, the parliament announced. The funds will be transferred through the end of next year, it added.
Future revenues from frozen Russian Central Bank assets will be made available to Ukraine to service the EU loan and loans from other G7 partners. The statement added that Kiev may also allocate the funds “as it sees fit.”
The proposal was endorsed earlier this month by EU governments. The European Council now plans to adopt it as a regulation, and it will enter into force after its publication in the Official Journal of the EU, the statement notes.
The EU froze approximately €210 billion ($227 billion) in Russian Central Bank assets following the start of the Ukraine conflict in February 2022. Russia has denounced the move as “theft.” The immobilized assets had generated €3.4 billion ($3.7 billion) in interest as of mid-July, according to Brussels-based central securities depository Euroclear, which holds most of Russia’s funds. In July, a transfer of €1.5 billion ($1.6 billion) of that money was approved by the European Commission to support Ukraine’s “military capabilities.”
The US is reportedly planning to contribute up to $20 billion to the G7 package, also on condition that the funds are repaid using proceeds generated by the immobilized Russian assets.
The US previously expressed concern that the EU policy of reviewing Russia sanctions every six months makes repayment of the loan uncertain as it could result in a lapse in restrictions. In response, Brussels proposed extending the renewal timeframe to three years. Hungary opposed the idea and said it would delay a decision until after the US presidential election on November 5.
Kiev’s Western backers have been trying to accelerate negotiations over the loan due to mounting concern that Washington’s aid to the country could be cut off if Donald Trump returns to the White House, Financial Times reported last week. The former US president has repeatedly threatened to scale back assistance if he is elected.
Moscow maintains that any seizure of its funds is illegal under international law and would further undermine global trust in the Western financial system.
About 51,000 Ukrainians Have Deserted Armed Forces This Year
By Kyle Anzalone | The Libertarian Institute | October 21, 2024
The Ukrainian prosecutor’s office has opened 51,000 cases of desertion through the first nine months of 2024. The number of soldiers abandoning their posts is likely to double last year’s total.
The Times of London reported data from the Ukrainian government showing that “51,000 criminal cases were initiated for desertion and abandonment of a military unit between January and September of this year.” El Pais previously noted that 45,000 Ukrainians were being prosecuted for desertion from the start of the year through August. Al-Jazeera says the number is at least 30,000 desertions.
At the start of the year, Kiev was estimated to have between 500,000 and 800,000 active-duty soldiers and an additional 300,000 reservists. The Ukrainians have also sustained casualties fighting to defend from Russian advances and amid Kiev’s Kursk invasion.
Kiev has struggled to fill its ranks with fresh soldiers, leading Ukraine to drop its conscription age from 27 to 25. As Kiev is still facing manpower shortages, American politicians are pushing Ukraine to drop draft age to 18. Ukraine has also resorted to allowing prisoners to leave jail if they join the military
One Ukrainian who deserted told the Times that prison was a better option than the military because “at least in prison, you know when you will be able to leave.”
The number of Ukrainians that Kiev is prosecuting for desertion has significantly increased throughout the war. In 2022, the number was 9,000, and it had more than doubled to 24,000 last year.
Why Should We Fight Wars for Ukraine and Israel?
By Ron Paul | October 21, 2024
When you take on the role of the world’s policeman, don’t be surprised when countries who cannot fight their own wars call “911.” That is exactly what is happening to the United States on two fronts and it is bankrupting our country, depleting the military that should serve our own national interest, and threatening to drag the US into World War III.
Last week, Ukraine’s “president” Vladimir Zelensky publicly presented his “Victory Plan.” It was delusional: immediate NATO Membership for Ukraine, NATO strikes against incoming Russian missiles, and permission to use Western long-range missiles for strikes deep into Russia including Moscow and St. Petersburg.
The real intent was not hard to understand. Ukraine is on the verge of losing its war with Russia and is desperate to draw the United States military into the fight. There were numerous opportunities to avoid this bloody war but at every step the Ukrainian leadership listened to western neocons (like Boris Johnson) and decided to keep fighting Russia down to the last Ukrainian.
But now that they are nearly down to the last Ukrainian, they are calling on us to step in and fight the country with the most nuclear weapons on earth – Russia – in a battle that could not be more unrelated to our actual interests.
Washington’s answer should be simple but firm: “No more weapons, no more money. You’re on your own. Make peace.”
Would the US be mortally wounded if the people in Eastern Ukraine were allowed to secede from Kiev and join Russia? Would anyone except the Russia-obsessed neocons in DC think tanks even notice?
Likewise with Israel. Tel Aviv has, in response to the October 7, 2023 Hamas attack, launched a war to annihilate Palestinians from Gaza, invade and occupy southern Lebanon, degrade the military of Iraq and Syria, and take on Iran. But the Israeli military has nowhere near the capacity to fight so many wars on so many fronts, so it has increasingly demanded US involvement in the conflicts. Already the US has provided some $23 billion in additional military aid to Israel and has employed US military assets in the region to shoot down missiles and provide increased weapons and intelligence.
But it’s still not enough for Israel. To fight Iran, with its significant military capabilities, Israel appears desperate to drag the US military into the battle. The stationing of one or perhaps two THAAD air defense systems, each with 100 US troops to operate them, is part of that effort. These 100-200 US troops are illegally engaged in combat, but what’s worse is that they are being used as a tripwire. US and Israeli leaders understand that they will be considered legitimate targets for any additional Iranian missile attack, but as soon as American troops start getting killed in Israel there will be a massive push for further US involvement. Imagine the mainstream media war propaganda if such a terrible thing happens.
That is no way to use members of the US armed services. It is the opposite of supporting our troops.
Washington’s response to Israel trying to drag us into its war with Iran should be just like with Ukraine: “No more weapons, no more money. You’re on your own. Make peace.” That is what a pro-America foreign policy looks like. Our Founders understood it very well and wrote about it often. It’s called “non-intervention.”
Germany and UK to sign ‘historic’ defence pact – Sunday Times
RT | October 20, 2024
The UK and Germany will sign a bilateral defense agreement this week, paving the way for both nations to step up their military drills near Russia’s borders, The Sunday Times has reported.
Under the terms of the deal, Britain and Germany will cooperate on arms procurement and development, with the agreement serving as a “first step” for a larger deal between the UK and EU next year, the British newspaper reported.
The pact “is expected to enable British and German forces to conduct joint military exercises on NATO’s eastern border with Russia, most probably in Estonia and Lithuania,” The Times noted, without offering further explanation.
Britain and Germany already take part in NATO exercises, such as this year’s ‘Steadfast Defender’ drills. Conducted near Russia’s western borders, ‘Steadfast Defender’ involved 90,000 troops from all 32 NATO states, and was perceived in Moscow as open preparation for “a potential armed clash with Russia.”
In addition to these multilateral exercises, Germany already takes part in smaller-scale bilateral exercises, such as Germany’s ‘Grand Quadriga’ drills with Lithuania earlier this year, and its ‘Baltic Tiger’ maneuvers with Estonia in 2022. The Times’ article suggests that Britain could join these exercises once the new deal is signed.
British Defense Secretary John Healey told the newspaper that the deal is modeled on the 2010 Lancaster House agreement between the UK and France. Under this agreement, Britain and France pledge to create a joint expeditionary force to take part in military drills, to collaborate on developing drones and submarine technology, and to share nuclear-weapons data with each other.
During a two-day NATO summit in Brussels this week, Healey also announced that British troops stationed in Estonia will receive new drone warfare equipment and training, and that the UK will work with Germany, France, Poland and Italy to create new long-range missiles for Ukraine.
US to pay $20 billion into loan for Ukraine – FT
RT | October 19, 2024
The US is set to provide up to $20 billion to Ukraine as part of a G7 loan, which will then be repaid using proceeds generated by the Russian assets immobilized by the West as part of Ukraine-related sanctions, Financial Times has reported, citing sources.
Kiev’s backers have been trying to accelerate negotiations over the loan in an effort to secure funding to Ukraine before the end of the year, due to mounting concern that Washington’s aid to the country could be cut off if Donald Trump wins the upcoming US election, FT noted, in an article posted on Friday. The former US president has repeatedly threatened to scale back assistance to Kiev if he were elected.
The US and its allies have frozen an estimated $300 billion in assets belonging to the Russian state after the Ukraine conflict broke out in 2022. The bulk of the money, nearly €197 billion ($214 billion) is being held by Brussels-based clearinghouse Euroclear. The immobilized funds have generated €3.4 billion ($3.7 billion) in interest as of mid-July, according to the depository.
Moscow has denounced the freeze as “theft” and said that any seizure of its funds would be against the law and would further undermine global trust in the Western financial system.
In June, G7 members agreed to grant Kiev a $50 billion loan to be financed by interest from the frozen Russian assets. The US and the EU were initially expected to provide $20 billion each as Canada, Japan and the UK were set to jointly lend the rest of the massive loan.
Later, to reassure allies that the bloc’s sanctions regime on the funds is not lifted, Brussels proposed a three-year extension of the EU’s mandate to freeze Russian assets. EU lawmakers have been renewing their sanctions every six months by unanimous decision, meaning that each vote may bring about a break in restrictions. Hungary opposed the proposal, and announced plans to postpone the decision until the US presidential elections on November 5.
Last week, the EU approved its own contribution of up to €35 billion to the G7 loan, but the bloc would need to contribute less if Washington provided the full $20 billion, Reuters reported last week. The funds, which will be managed by the World Bank, will be used for several purposes, including defense or humanitarian needs.
US senior officials, however, told FT that Washington would provide the full agreed $20 billion, even if the EU failed to convince Hungary’s premier Viktor Orban to drop his veto on extending EU sanctions, which had previously been voiced among the US demands. According to two sources cited by the paper, G7 finance ministers will make a statement on the distribution and structure of the loan on the sidelines of the IMF and World Bank meetings on October 25.
Zelensky admits capitulation but calls for escalation
By Ahmed Adel | October 18, 2024
The “Victory Plan” presented by Ukrainian President Volodymyr Zelensky is an acknowledgment of capitulation because it is obvious that, even in his estimation, without the massive involvement of NATO countries in the conflict, the Ukrainian army will not be able to hold back Russian forces in the foreseeable future.
Zelensky presented his Victory Plan to the Ukrainian parliament on October 16 and the European Council on October 17. The plan consists of five points and three secret amendments. In addition to admitting defeat, Zelensky’s Victory Plan also reveals a desire for maximum escalation of the conflict, where, of course, the main burden should be borne by NATO countries and not Ukrainian forces.
The Ukrainian president thinks that escalating what led to the suffering of his citizens and destroyed the economy will lead to Ukraine’s victory.
At the same time, his Victory Plan could be used to pressure Biden or his successor to make decisions about striking deep into the Russian Federation without, supposedly, provoking Moscow to react excessively. Nonetheless, the Kremlin has already said Russia will respond to any attacks.
The Victory Plan truly hinges on US support and not European. Therefore, bodies such as the Council of Europe only serve to give the Biden administration legitimacy when he puts pressure on some parts of the American establishment that are clearly resisting further support for Ukraine.
The first point of Zelensky’s Victory Plan is geopolitical and concerns Ukraine’s immediate invitation to NATO. The other points concern the Ukrainian military and its allies destroying Russia’s aviation, deploying a non-nuclear strategic containment package on its territory, strengthening sanctions on Russia, and allowing Ukrainian soldiers to replace part of the American contingent in Europe in the post-war period.
According to the latest available data, 84% of Ukrainians want their country to be a member of NATO. Despite the widespread support for joining the alliance and although NATO has declared Ukraine’s membership path irreversible, it cannot be completed during the war, and the alliance declined to present a timeline. In effect, NATO has categorically ruled out membership until the war is over, which already makes Zelensky’s Victory Plan detached from reality since the very first point of the plan to defeat Russia is to join the bloc.
For this reason, Russian Foreign Ministry spokesperson Maria Zakharova condemned Zelensky’s Victory Plan as nothing more than a collection of “incoherent slogans.”
“This is, of course, no plan at all. It is a collection of incoherent slogans. It is blood foam at the mouth of a neo-Nazi murderer,” the spokeswoman stated during a briefing on October 16.
She also criticised Zelensky’s intention to damage the Russian air force with the assistance of his allies, saying, “He is pushing NATO to a direct conflict with our country and again insists on getting permission to use long-range weapons on Russian territory, knowing perfectly well, at least those who wrote him these speeches, realised what it would lead to because the corresponding statements by the Russian leadership were made just a week ago.”
“Taken as a sum, all these points and secret sub-clauses are not Zelensky’s plan of victory but a plan to bring misfortune upon Ukraine and the Ukrainian people. This aims to keep the money flowing and present his terrorist capabilities. I think that today Zelensky definitively proved to everyone that he hates Ukrainians to the extent that can be characterised as Ukrainophobia,” Zakharova added.
Since Zelensky evidently does not have any plans to begin serious negotiations, as seen by his Victory Plan, any negotiations conducted in the short term can be used by the West and the Kiev regime to freeze the conflict in Ukraine, replenish their capabilities and launch new attacks against Russia.
According to Western media, including The Washington Post, Zelensky has shown himself more open to holding talks with Russia amid Ukraine’s weakening positions. At the same time, Russian Foreign Minister Sergey Lavrov said that no adequate proposals had yet been received regarding the settlement of the Ukrainian conflict, apart from the hype in the Western media.
Zelensky’s masters in the West are beginning to see that they are not able to inflict a strategic defeat on Russia and are beginning to ask for negotiations. For the moment, they are resorting to negotiation chatter, as mentioned, to try to freeze the conflict and build up forces. In this context, the only way to end the conflict is the complete defeat of Ukraine, peace on Moscow’s terms, and the strategic retreat of the West from Russia’s borders.
The Victory Plan has certainly dominated headlines and occupied the attention of many world leaders, but Kiev has no way of enforcing it, especially since, from the very first point, it ensures failure, considering NATO has been very clear on Ukraine’s membership path, which cannot progress until the war is already over.
Ahmed Adel is a Cairo-based geopolitics and political economy researcher.
Germany Finally Maxed Out Its Military Support For Ukraine
By Andrew Korybko | October 15, 2024
Bild cited internal Defense Ministry documents to report that Germany finally maxed out its military support for Ukraine and won’t give any more heavy equipment, which comes around six weeks after the Polish Defense Minister effectively said the same thing about his country’s support. The Federal Cabinet detailed “The arms and military equipment Germany is sending to Ukraine” last month, which they said totals €28 billion in assistance that’s either already been provided or committed for future years.
Poland and Germany have done much more for Ukraine in this regard than most countries so the fact that they’ve already maxed out their support suggests that the West as a whole might soon seriously consider freezing the conflict. After all, Russia is already far ahead of NATO in the “race of logistics”/“war of attrition”, with even Sky News candidly reporting earlier this year that Russia is producing three times as many shells as NATO at one-quarter of the price.
This was followed last month by CNN sharing a glimpse of just how bad everything has become for Ukraine, which coincides with growing interest among the Western public and even some of their elite in cutting their side’s losses by exploring a political solution to the NATO-Russian proxy war in Ukraine. “Russia’s Capture Of Pokrovsk Could Reshape The Conflict’s Dynamics” whenever it comes to pass so it naturally follows that they’d either want to preempt that or find a way to freeze the conflict afterwards.
The challenge though is that Russia won’t consider a ceasefire so long as Ukraine continues to occupy Kursk and Donbass, neither of which Kiev is willing to withdraw from as a “goodwill gesture”, thus risking the scenario that the front lines collapse due to the combination of attrition and Russia’s new tactics. In that case, Russia might try to expel Ukraine from the remainder of Zaporozhye Region east of the Dnieper, including its namesake city of an estimated 750,000 people.
There’s also the chance that Russia moves into eastern Dnipropetrovsk (“Dnipro”) Region despite having no claims to it either to coerce Ukraine into withdrawing from eastern Zaporozhye and its namesake capital and/or to push the Line of Contact (LOC) as far as possible before freezing it. This tactic could also enable Russia to open up a southern front in Kharkov Region to complement the eastern and northern ones. The worst-case scenario for Ukraine is simultaneous attacks along these three axes.
With Poland and Germany having already practically tapped out, unless they dig into the rest of their reserves that they’ve thus far preserved to meet their minimum national security requirements, this sequence of events is certainly possible. It could only be preempted by a comparatively more generous ceasefire proposal from the West that piques the Kremlin’s interest, Russian self-restraint, or Ukraine and/or the West “escalating to de-escalate”.
The first could see the West pressure Ukraine into withdrawing from eastern Zaporozhye Region, the second could be due to Russia not wanting to risk overextending its military logistics, and the third could involve a nuclear provocation, the formal deployment of NATO to Ukraine, and/or an attack on Belarus. Relevant factors include the timing of any potential Russian breakthrough and the outcome of the US elections, both of which could influence Ukraine and/or the West, perhaps even in different ways.
All that can be said for sure is that Ukraine can’t depend on more military aid after Germany just joined Poland in dropping out of the “war of attrition”. Unless they dig into their reserves or others step up (if they even have much left to give), then something game-changing might soon happen, though whether it’s positive or negative remains to be seen. Russia will either decisively win, be offered a more generous ceasefire that it’ll accept for pragmatic reasons, or its enemies will dangerously “escalate to de-escalate”.
Orban Says Will Call on French, German Leaders at EU Summit to Start Talks With Russia

Sputnik – 17.10.2024
Hungarian Prime Minister Viktor Orban said on Thursday that he will call on the leaders of France and Germany at the EU summit to start negotiations with Russia on behalf of the EU to resolve the Ukrainian conflict.
Earlier Volodymyr Zelensky unveiled the so-called “victory plan” which was slammed by Russian officials as repetition of US strategy to fight Russia to the last Ukrainian.
“Today I will call on the German chancellor and the French president to start negotiations with Russia as soon as possible on behalf of the entire European Union, so that we can find a way out of this situation [the conflict in Ukraine],” Orban wrote on social media.
The prime minister also said that the “victory plan” of Volodymyr Zelensky “gives shivers” and the EU should change its strategy and start a peaceful resolution of the conflict in Ukraine.
Viktor Orban repeatedly stressed that Ukraine had no realistic chance to defeat Russian and urged for immediate peace talks that will take into account Moscow’s stance and Moscow’s security concerns.
Ukraine claims it could have nuclear weapons within weeks – Bild
RT | October 17, 2024
Kiev has the capability to build a nuclear weapon “in a few weeks,” a high-ranking Ukrainian official told Bild on Thursday after Vladimir Zelensky alluded to such a possibility.
Ukraine needs either membership in NATO or nuclear weapons, Zelensky said on Friday in Brussels, arguing in favor of his “victory plan” to end the conflict with Russia.
This prompted Bild to reveal that a Ukrainian official involved in weapons procurement told them “a few months ago” that Kiev was willing to go nuclear.
“We have the material, we have the knowledge. If the order is given, we will only need a few weeks to have the first bomb,” the unnamed official said, according to the German tabloid, adding that the West should “think less about Russia’s red lines and more about ours.”
In his speech on Thursday, Zelensky claimed to have informed former – and possibly future – US President Donald Trump about Kiev’s possible atomic aspirations.
“Speaking to Donald Trump, I told him: What is the way out for us? Either Ukraine will have nuclear weapons, and they will serve as protection, or we need to be in some kind of an alliance. We don’t know any effective alliances except NATO,” Zelensky said. He also claimed that Trump agreed with him.
The former president has made no mention of Zelensky’s nuclear proposal, however. In the time since their meeting, he also made the case in an interview that nuclear weapons were the greatest threat to humanity and that he had hoped to make a global deal on eventual denuclearization during his first term in the White House.
The leadership in Kiev has long argued that the US and its allies had an obligation to protect Ukraine because of the 1994 Budapest Memorandum, in which the US, UK and Russia gave security guarantees in exchange for the removal of Soviet nuclear warheads from Ukraine’s territory. Moscow has maintained that the 2014 violent coup in Kiev put the West in breach of the memorandum and that a hostile, nuclear-armed Ukraine on its doorstep is an intolerable threat to its security.
Church raid in Ukraine linked to Zelensky ‘victory plan’ – Russian diplomat
RT | October 17, 2024
An armed raid on St. Michael’s Cathedral in the Ukrainian city of Cherkasy on Thursday directly stems from the policies adopted by Kiev, which is selling out its people to the West, senior Russian diplomat Rodion Miroshnik has stated, condemning the raid.
The church, which was built two decades ago and is the largest temple in modern Ukraine, was in the process of being seized from the Ukrainian Orthodox Church (UOC). The initial raid was launched during a night service by armed men in military-style clothes. In the morning, many of the faithful who answered the diocese’s call to defend the cathedral managed to oust the raiders but, hours later, a second attack succeeded.
A military chaplain with the Kiev-backed Orthodox Church of Ukraine (OCU), a rival of the UOC, has declared that the cathedral is now a military church. In the future it will host a center for “national patriotic education, a Sunday school and a school for chaplains,” Vladimir Pedko said on Facebook. Ukrainian officials have claimed that Thursday’s events were part of a lawful transfer of the church to the OCU.
Miroshnik, who leads a special mission in the Russian Foreign Ministry to record and expose Ukrainian crimes, denounced the seizure as “blunt and grim lawlessness covered up by the gang of [Vladimir] Zelensky.”
In a series of posts online, Miroshnik linked the raid with Zelensky’s speech in parliament the day before the raid, in which the Ukrainian leader presented to the public his ‘victory plan’ against Russia. Among other things, he offered the services of battle-hardened Ukrainian troops to Western donors, claiming that eventually they could replace American soldiers stationed in Europe.
“Zelensky almost directly said that Ukraine is essentially a nation-sized private military company (PMC),” Miroshnik argued.
“A PMC nation’s ideology has no place for a thousand-year-old Orthodox linchpin, which has its traditions, rules and principles,” he added. “For the Kiev regime, people are a resource, livestock. Livestock are not allowed to have stable canons of reverence for the faith of their ancestors.”
Earlier this year, the Ukrainian parliament passed a law that established the legal grounds for a likely ban on the UOC. Kiev has accused the church of doing the bidding of Russia.
Many of the UOC clerics are being prosecuted for alleged crimes, including Metropolitan Theodosius, the bishop heading the diocese headquartered at St. Michael’s Cathedral. The church was reportedly partially looted and ransacked by unknown persons, who broke into it overnight.
There has also been a legal battle between the UOC and secular authorities for the parcel of land surrounding the cathedral.
