Russia’s UK embassy denounces G7 loans to Ukraine as ‘fraudulent scheme’

A family photo at the G7 Foreign Ministers meeting in Fiuggi (AFP)
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Updated 21 December 2024
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Russia’s UK embassy denounces G7 loans to Ukraine as ‘fraudulent scheme’

  • Britain said in October it would lend Ukraine 2.26 billion pounds as part of a much larger loan from the Group of Seven nations backed by frozen Russian central bank assets

LONDON: The Russian embassy in London on Saturday described Britain’s planned transfer to Ukraine of more than 2 billion pounds ($2.5 billion) backed by frozen Russian assets as a “fraudulent scheme.”
Britain said in October it would lend Ukraine 2.26 billion pounds as part of a much larger loan from the Group of Seven nations backed by frozen Russian central bank assets to help buy weapons and rebuild damaged infrastructure.
The loans were agreed in July by leaders of the G7 — Britain, Canada, France, Germany, Italy, Japan and the US — along with top officials from the European Union, where most of the Russian assets frozen as a result of the war are held.
“We are closely following UK authorities’ efforts aimed at implementing a fraudulent scheme of expropriating incomes from Russian state assets ‘frozen’ in the EU,” the Russian embassy in London said on social media.
British Defense Minister John Healey said the money would be solely for Ukraine’s military and could be used to help develop drones capable of traveling further than some long-range missiles.
The embassy added: “The elaborate legislative choreography fails to conceal the illegitimate nature of this arrangement.”
Russia’s Foreign Ministry last week described the US transfer to Ukraine of its share of the G7’s $50 billion in loans as “simply robbery.”


Campaigning starts in CAR election

Updated 6 sec ago
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Campaigning starts in CAR election

  • Both of Touadera’s top critics on the ballot paper, ex-Prime Minister Henri-Marie Dondra and the main opposition leader Anicet-Georges Dologuele, had feared they would be barred from the election over nationality requirements

BANGUI: Campaigning has kicked off in the Central African Republic, with the unstable former French colony’s voters set to cast their ballots in a quadruple whammy of elections on Dec. 28.
Besides national, regional and municipal lawmakers, Centrafri-cains are set to pick their president, with incumbent Faustin-Archange Touadera in pole position out of a seven-strong field after modifying the constitution to allow him to seek a third term.
Thousands of supporters packed into a 20,000-seater stadium in the capital Bangui on Saturday to listen to Touadera, accused by the opposition of wishing to cling on as president-for-life in one of the world’s poorest countries.
In his speech, Touadera, who was first elected in 2016 in the middle of a bloody civil war, styled himself as a defender of the country’s young people and insisted there was work to do to curb ongoing unrest.
“The fight for peace and security is not over,” the president warned the packed stands.
“We must continue to strengthen our army in order to guarantee security throughout the national territory and preserve the unity of our country.”
Both of Touadera’s top critics on the ballot paper, ex-Prime Minister Henri-Marie Dondra and the main opposition leader Anicet-Georges Dologuele, had feared they would be barred from the election over nationality requirements.
Touring the capital’s districts alongside a traveling convoy, Dologuele warned that the upcoming vote represents “a choice for national survival; a choice between resignation and hope.”
“Our people have experienced 10 years of this regime. Ten years of waiting, promises and suffering,” he added.