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October 29, 2024 | Japan Providing Ukraine $3B in Stolen Russian Assets
Martin Armstrong
Japan announced one of its largest aid packages to Ukraine to the tune of $3.09 billion (471.9 billion yen). The fund is merely part of the G7 scheme to use frozen Russian assets to finance the war. In total, the G7 is prepared to redistribute $50 billion in Russian assets to Ukraine.
This plan will pass through the World Bank and the Japan International Cooperation Agency (JICA). The Japanese government has said it plans to oversee how Ukraine spends these funds, insisting that the aid is simply for human aid rather than military purposes.
No nation has been able to determine how Ukraine is using the endless aid they’re supplied. Portions are funneled back into the military-industrial complex and paid out to the very nations supplying aid. Everyone acts on the invisible hand in their own best interest. None of these aid packages were meant to be a handout, and Ukraine would suffer the repercussions. It is ridiculous to say that individual nations are contributing when they are using frozen Russian funds. The majority of these funds were ceased from private Russian citizens and companies who have committed no crime other than being Russian.
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. Zelensky is too busy stuffing his pockets to 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.
These nations are teetering on the edge by using these assets as collateral. Putin could confiscate ALL assets held by Western countries and private/public corporations under these new economic warfare tactics that completely violate international law. Zelensky has been demanding the full $300 billion in confiscated Russian assets as no sum will ever be enough for his bottomless pockets.
These funds are yet another reason why the war cannot simply end. Russia will demand that these funds be reinstated. Trump could be sworn into office and attempt to broker a deal with Putin, but all the other nations in the G7 will be against him. The US has already provided Ukraine $20 billion in Russian assets through the World Bank who would not likely reimburse a single nation’s “contributions.”
Will the G7 attempt to do the same to China when tensions in Taiwan heat up? No one seems to understand the consequences of these lowly actions, which have not prevented Russia from waging war or looking for alternative trade partners. One day, they will look back on these actions as an epic mistake, as there is no longer respect for international law; the rules no longer apply.
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Martin Armstrong October 29th, 2024
Posted In: Armstrong Economics