Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Iranian air defenses intercept Israeli drones in Tehran's skies
Al Mayadeen's correspondent: Explosions heard in the capital, Tehran
Iran's IRGC statement No. 8: The Aerospace Force targeted the Mossad terrorist operations planning center in Tel Aviv, and this center is currently up in flames
Iran's IRGC statement No. 8: The Aerospace Force targeted an Israeli Military Intelligence Directorate (Aman) center this morning
Israeli media: Sirens sound in northern Golan Heights amid fears of drone infiltration
Iran's IRGC statement No. 6: The technologies and capabilities used in this operation enabled it to successfully and accurately hit its targets in the entity
Iran's IRGC statement No. 6: We launched a new wave of missile attacks moments ago, stronger and more destructive than previous launches
Spain's FM: I see no sogn of de-escalation between 'Israel' and Iran
Spain's Foreign Minister: EU must impose an arms embargo on 'Israel' as long as this war lasts
Israeli media: The facility is used for all logistical activities of the Israeli military intelligence division

Russia calls US transfer of $20bln of frozen assets to Kiev 'robbery'

  • By Al Mayadeen English
  • Source: News websites
  • 12 Dec 2024 11:11
3 Min Read

Moscow hints that it might consider seizing Western assets on its territory to boost its industrial capacity.

Listen
  • x
  •  Pigeons take off in front of the Russian Foreign Ministry building in Moscow, Russia, Wednesday, Jan. 26, 2022 (AP)
    Pigeons flying in front of the Russian Foreign Ministry building in Moscow, Russia, Wednesday, January 26, 2022 (AP)

Russia’s Foreign Ministry has strongly criticized the US transfer of $20 billion to Ukraine, financed by frozen Russian assets, calling it "simply robbery". Moscow hinted that it might consider seizing Western assets on its territory to boost its industrial capacity.

The Foreign Ministry’s statement on its website denounced the US Treasury Department’s decision to allocate $20 billion from what it described as “stolen” Russian sovereign assets, accusing the G7 countries of orchestrating the act.

The statement further accused the Biden administration of trying to impose as many anti-Russian sanctions as possible in a “Russophobic frenzy” before potentially handing power back to Donald Trump on January 20.

Russia also warned that "no pseudo-legal machinations, steeped in hypocrisy and double standards, will go unanswered."

Related News

More US lawmakers push to block unauthorized war on Iran

Trump says G7 exit denotes something 'much bigger' than Iran ceasefire

The statement added, "Russia possesses sufficient capabilities and levers for a retaliatory seizure of Western assets within its jurisdiction, which in such a case would be used to enhance industrial potential and implement infrastructure projects in Russian regions."

On Tuesday, the US Treasury announced the transfer of the $20 billion portion of a $50 billion G7 loan to Ukraine, allocated to a World Bank fund intended to provide economic and financial aid to Kiev. This move fulfills the US’ October pledge to match the European Union’s $20 billion in aid backed by frozen Russian assets, along with smaller loans from Canada, Britain, and Japan, to assist Ukraine in its ongoing war with Russia, according to the Treasury Department.

The big picture 

The transfer of funds comes at a time of significant uncertainty for Ukraine, as President-elect Donald J. Trump is set to take office next month.

Trump and Republicans in Congress are expected to provide less economic and military support to Ukraine compared to the backing it received from the Biden administration and Democrats. Despite this, Ukraine continues to depend on international aid to sustain its economy amid the ongoing war.

The $20 billion is part of a $50 billion loan package agreed upon by the Group of 7 nations earlier this year. Following the beginning of the war in Ukraine, the United States and the European Union imposed sanctions that froze much of Russia's central bank assets, most of which are held in Europe.

It is worth noting that Trump has repeatedly stated that he could quickly bring an end to the Russia-Ukraine conflict if he returns to the White House.

  • United States
  • US aid to Ukraine
  • Russia
  • Ukraine
  • Ukraine war
  • Donald Trump
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Iranian missiles impact Israeli sites in Tel Aviv in 2nd wave

Iran's missiles impact 'strategic' Israeli site in Tel Aviv

  • Politics
  • 14 Jun 2025
Bin Salman: Islamic world backs Iran in call to Pezeshkian

MBS says Islamic world backs Iran in call with Pezeshkian

  • MENA
  • 15 Jun 2025
Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • Today
Smoke rises after an Iranian ballistic missile directly struck Tel Aviv, Occupied Palestine, June 13, 2025 (AP)

Op. True Promise 3: Iran's ballistic missiles strike Tel Aviv

  • MENA
  • 13 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
In this photo released by the Iranian Red Crescent Society rescuers work at the scene of an explosion after an Israeli strike in Tehran, Iran, Friday, June 13, 2025. (Iranian Red Crescent Society via AP)
Politics

‘Israel’ targets civilians in Tehran; most victims are kids

France's President Emmanuel Macron arrives during the official welcome of the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada. (AP)
Politics

Macron warns West regime change in Iran would be 'strategic error'

Trump hints at escalation: G7 exit ‘much bigger’ than Iran ceasefire
Politics

Trump says G7 exit denotes something 'much bigger' than Iran ceasefire

A group photo of the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada (AP Photo/Mark Schiefelbein)
MENA

G7 sides with aggressor, says 'Israel' has 'right to defend itself'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS