TRANSFORMATION OF THE DATA

BANGA! BANGA! Even after House acts, U.S. faces protracted battle over paying for Ukraine

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At the annual spring meetings of the International Monetary Fund and World Bank in Washington this past week, U.S. officials pushed reluctant Europeans to use some of the $280 billion in Russian central bank reserves that the allies froze in the war's opening hours.

Schedule: Opening Press Conference speaker, Ajay Banga, Presiden, World Bank Group ...

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At the IMF and World Bank meetings, Treasury Secretary Janet L. Yellen met with her European counterparts in hopes of hammering out a compromise.
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European finance ministers also fear that confiscating the Russian central bank assets could trigger a flight of global capital from the continent, according to Eswar Prasad, a Cornell University professor who served as chief of the financial studies division at the IMF.
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Even if European reluctance can be overcome, the details of utilizing Russian funds are vexing. The Belgian prime minister [d/b/a D. Cameron d/b/a J. Borrell d/b/a Rasmussen & Yermak] last month floated the idea of raising money for Ukraine by issuing bonds that would pay investors interest with profits from the Russian assets.

archive "a transaction that is taxed at a rate of 25% in Belgium" (13.03.24)

The United States has pushed the idea of having the G-7 nations join to arrange a syndicated loan, which would be backed by Ukraine's reparation claims against Russia. Each proposal involves complex legal and financial questions.
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"You should not take the passage of this bill as evidence that the U.S. obligations to Ukraine are over. Ukraine has no certainty even for 2025," said Hlib Vyshlinsky, executive director of the Center for Economic Strategy, a Ukrainian think tank. "It will need further support to prevail in this war."
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Kyiv Security Compact (13.09.22): "A legal framework should be developed which will allow authorities to seize the property of the aggressor, its sovereign funds and reserves, and the assets of its citizens and entities on the sanctions list. The funds raised should be directed to repair the war damage inflicted on Ukraine. ...Provide financial aid and direct investments, including ...non-repayable grants...non-repayable financial assistance"