Sputnik International
❗️Russian Armed Forces liberated the settlement of Zagornoye in Zaporozhye Region, said the Russian Ministry of Defence. 📌 Subscribe to @SputnikInt
🇷🇺🪖 Latest statements from the Russian Defense Ministry's daily briefing on the progress of the special military operation in Ukraine:
◾️ Over the past day, Ukrainian losses in battles with the Russian Armed Forces amounted to 1,360 soldiers and a Leopard tank;
◾️ Ten Ukrainian unmanned aerial vehicles were shot down by air defenses;
◾️ Russian troops repelled counterattacks by Ukrainian forces and took more favorable positions on the front line.
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Sputnik International
Putin's Press Secretary, Dmitry Peskov, on negotiations with Ukraine: ◻️ Zelensky is not the person with whom agreements on Ukraine can be formalised in writing; de jure, it would be illegitimate. ◻️ Let's see if Zelensky is ready to do everything possible…
There is no doubt that Putin's peace initiative will be scrutinized, he added.
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Twelve countries participating in the conference on Ukraine in Switzerland did not support the final declaration, the organizers said.
Armenia, Bahrain, Brazil, Vatican, India, Indonesia, Libya, Mexico, Saudi Arabia, South Africa, Thailand, United Arab Emirates did not sign the final declaration.
Earlier, Reuters quoted Austrian Chancellor Karl Nehammer as saying that the final declaration of the conference on Ukraine in Switzerland would not have unanimous support.
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Armenia, Bahrain, Brazil, Vatican, India, Indonesia, Libya, Mexico, Saudi Arabia, South Africa, Thailand, United Arab Emirates did not sign the final declaration.
Earlier, Reuters quoted Austrian Chancellor Karl Nehammer as saying that the final declaration of the conference on Ukraine in Switzerland would not have unanimous support.
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What’s behind Zelensky rejecting Putin’s peace proposal?
Ukraine’s Volodymyr Zelensky rejected the new peace initiatives proposed by Russia because he is afraid his political career will end once the conflict is resolved, British expert Alexander Mercouris said on his YouTube channel.
Russia’s President Vladimir Putin has been “calling time on him, saying that Zelensky is no longer the legitimate president of Ukraine,” the expert noted.
The stark reality of the situation, according to Alexander Mercouris, is such that “this is the last chance” the Ukrainians and their Western sponsors have to come to some sort of terms. If the conditions laid out by Moscow are not accepted, the bloodshed will continue, and Russia will win, “as all trends on the battlefield prove,” he noted.
Furthermore, in speech on June 14, Putin gave a very clear warning that “the West is acting very dangerously," Mercouris pointed out, with its "unending escalations, talk of military strikes deep inside Russia, talk about deployment of Western troops to fight in Ukraine, plans regarding the F-16 fighter jets.”
All this brings “a very real risk of all-out nuclear exchange” closer, the British analyst warned.
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Ukraine’s Volodymyr Zelensky rejected the new peace initiatives proposed by Russia because he is afraid his political career will end once the conflict is resolved, British expert Alexander Mercouris said on his YouTube channel.
Russia’s President Vladimir Putin has been “calling time on him, saying that Zelensky is no longer the legitimate president of Ukraine,” the expert noted.
“The moment peace negotiations were to begin, Zelensky’s political position in Kiev would collapse, and he would have to step down,” the analyst said. He added that Zelensky’s very political survival in Kiev “is linked to the continuation" of the conflict.
The stark reality of the situation, according to Alexander Mercouris, is such that “this is the last chance” the Ukrainians and their Western sponsors have to come to some sort of terms. If the conditions laid out by Moscow are not accepted, the bloodshed will continue, and Russia will win, “as all trends on the battlefield prove,” he noted.
Furthermore, in speech on June 14, Putin gave a very clear warning that “the West is acting very dangerously," Mercouris pointed out, with its "unending escalations, talk of military strikes deep inside Russia, talk about deployment of Western troops to fight in Ukraine, plans regarding the F-16 fighter jets.”
All this brings “a very real risk of all-out nuclear exchange” closer, the British analyst warned.
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Market share of Russian gas soars, overtaking US LNG imports to Europe
The share of Europe's gas imports from Russia overtook US supplies for the first time in almost two years in May, the Financial Times reluctantly acknowledged.
Russia’s piped gas and LNG shipments accounted for 15 percent of total supply to the EU, UK, Serbia, Bosnia and Herzegovina, North Macedonia, and Switzerland, according to data provided by Independent Commodity Intelligence Services (ICIS). The surge occurred despite a much-touted EU intention to wean itself completely off Russian energy as part of the West’s sanctions campaign. LNG from the US made up just 14 percent of supply to the European market in May – the lowest level since August 2022, as per ICIS.
The publication rushed to blame “one-off factors” for the trend, underscoring “the difficulty of further reducing Europe’s dependence on gas from Russia.” It added that several East European countries still rely on Russian energy imports.
ICIS head of gas analytics Tom Marzec-Manser was quoted as voicing surprise at how the market share of Russian gas was inching higher in Europe “after all we have been through, and all the efforts made to decouple and de-risk energy supply.”
Since the US availed itself of the opportunity to overtake Russia as a supplier of gas to Europe in September 2022, it has accounted for about a fifth of the region’s supply since 2023, the publication noted.
Russia cautioned that sanctions against it, including attempts to part ways with Russian energy imports, would have long-term backfiring consequences. The warning fell on deaf ears, with the US raking in profits as the EU grappled with an energy crisis.
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The share of Europe's gas imports from Russia overtook US supplies for the first time in almost two years in May, the Financial Times reluctantly acknowledged.
Russia’s piped gas and LNG shipments accounted for 15 percent of total supply to the EU, UK, Serbia, Bosnia and Herzegovina, North Macedonia, and Switzerland, according to data provided by Independent Commodity Intelligence Services (ICIS). The surge occurred despite a much-touted EU intention to wean itself completely off Russian energy as part of the West’s sanctions campaign. LNG from the US made up just 14 percent of supply to the European market in May – the lowest level since August 2022, as per ICIS.
The publication rushed to blame “one-off factors” for the trend, underscoring “the difficulty of further reducing Europe’s dependence on gas from Russia.” It added that several East European countries still rely on Russian energy imports.
ICIS head of gas analytics Tom Marzec-Manser was quoted as voicing surprise at how the market share of Russian gas was inching higher in Europe “after all we have been through, and all the efforts made to decouple and de-risk energy supply.”
Since the US availed itself of the opportunity to overtake Russia as a supplier of gas to Europe in September 2022, it has accounted for about a fifth of the region’s supply since 2023, the publication noted.
Russia cautioned that sanctions against it, including attempts to part ways with Russian energy imports, would have long-term backfiring consequences. The warning fell on deaf ears, with the US raking in profits as the EU grappled with an energy crisis.
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Why the new stealthy Russian nuclear submarine scares the West so much
A British tabloid made a startling discovery this week: it turns out that Russia has weapons capable of wreaking untold devastation upon its enemies.
What got The Express’ knickers in a twist this time was the K-564 Arkhangelsk, a Yasen-M class nuclear-powered cruise missile submarine that recently underwent sea trials and is expected to enter service in December.
While the newspaper fears that this submarine “could be undetectable by Western adversaries” and could pose a serious threat to “NATO military bases, naval convoys, and onshore critical infrastructure during a crisis,” it remains to be seen what Arkhangelsk is truly capable of.
Here is what is currently known about the sub:
◻️ It can dive up to 600 meters deep and has a maximum speed of 16 knots on the surface and 31 knots underwater;
◻️ The submarine has a crew complement of 64 and an endurance of about 100 days, limited by food and maintenance requirements;
◻️ The vessel’s armament includes 533mm torpedo tubes and vertical launch silos for Oniks anti-ship cruise missiles, Kalibr cruise missiles and Zircon hypersonic cruise missiles. Both Kalibr and Zircon missiles are nuclear-capable.
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A British tabloid made a startling discovery this week: it turns out that Russia has weapons capable of wreaking untold devastation upon its enemies.
What got The Express’ knickers in a twist this time was the K-564 Arkhangelsk, a Yasen-M class nuclear-powered cruise missile submarine that recently underwent sea trials and is expected to enter service in December.
While the newspaper fears that this submarine “could be undetectable by Western adversaries” and could pose a serious threat to “NATO military bases, naval convoys, and onshore critical infrastructure during a crisis,” it remains to be seen what Arkhangelsk is truly capable of.
Here is what is currently known about the sub:
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Russians dominate hurdles at BRICS Games: three medals secured
Russian athlete Artem Makarenko won the gold medal in the men's 110-meter hurdles at the BRICS Games, with former world champion Sergey Shubenkov taking silver.
Makarenko completed the distance in 13.55 seconds, with Shubenkov just 0.15 seconds behind. China's Zhang Zizijun finished third at 0.24 seconds after the leader.
In the women's 100-meter hurdles, Belarus's Elvira Graborenko claimed victory with a time of 12.81 seconds, followed by Russia's Viktoria Pogrebnyak with 13.13 seconds and another Belarusian, Svetlana Parahonko on 13.15 seconds.
The BRICS Games are being held from June 12 to 24, with around 5,000 athletes from more than 90 countries competing in 387 medal events.
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Russian athlete Artem Makarenko won the gold medal in the men's 110-meter hurdles at the BRICS Games, with former world champion Sergey Shubenkov taking silver.
Makarenko completed the distance in 13.55 seconds, with Shubenkov just 0.15 seconds behind. China's Zhang Zizijun finished third at 0.24 seconds after the leader.
In the women's 100-meter hurdles, Belarus's Elvira Graborenko claimed victory with a time of 12.81 seconds, followed by Russia's Viktoria Pogrebnyak with 13.13 seconds and another Belarusian, Svetlana Parahonko on 13.15 seconds.
The BRICS Games are being held from June 12 to 24, with around 5,000 athletes from more than 90 countries competing in 387 medal events.
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Russia demands that relevant international organizations condemn the killing of journalist Nikita Tsitsagi, who died after a strike by the Ukrainian Armed Forces in the Donetsk People's Republic, stated Russian Foreign Ministry representative Maria Zakharova.
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Sputnik International
Russians dominate hurdles at BRICS Games: three medals secured Russian athlete Artem Makarenko won the gold medal in the men's 110-meter hurdles at the BRICS Games, with former world champion Sergey Shubenkov taking silver. Makarenko completed the distance…
BRICS Games: Russia's Kochanova claims gold in women's pole vault
Russian athlete Maria Kochanova emerged victorious in the women's pole vault competition at the BRICS Games in Kazan.
Kochanova, her compatriot Polina Parfenenko and Belarus’ Elizaveta Valueva all achieved the same result of 1.95 meters.
Kochanova secured the gold medal as she made fewer attempts, Valueva took silver and Parfenenko claimed bronze.
Other Results
◻️ Men's Steeplechase:
1. Konstantin Plokhotnikov (Russia) – 8 minutes 30.73 seconds
2. Dmitry Ivanenko (Belarus) – 8:38.93
3. Nikita Kalganov (Russia) – 8:43.15
◻️ Men's 800m:
1. Dmitry Savin (Belarus) – 1:48.50
2. Konstantin Kholmogorov (Russia) – 1:49.12
3. Somnath Chauhan (India) – 1:49.23
◻️ Women's Heptathlon:
1. Elizaveta Slobodyanyuk (Russia) – 5863 points
2. Yulia Sokhatskaya (Russia) – 5826
3. Svetlana Antoshina (Russia) – 5739
◻️ Women's Shot Put:
1. Alena Dubitskaya (Belarus) – 18.58 meters
2. Alena Gordeeva (Russia)– 17.70
3. Olga Batyreva (Russia) – 17.32
The BRICS Games are being held from June 12 to 24, with around 5,000 athletes from more than 90 countries competing in 387 medal events.
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Russian athlete Maria Kochanova emerged victorious in the women's pole vault competition at the BRICS Games in Kazan.
Kochanova, her compatriot Polina Parfenenko and Belarus’ Elizaveta Valueva all achieved the same result of 1.95 meters.
Kochanova secured the gold medal as she made fewer attempts, Valueva took silver and Parfenenko claimed bronze.
Other Results
1. Konstantin Plokhotnikov (Russia) – 8 minutes 30.73 seconds
2. Dmitry Ivanenko (Belarus) – 8:38.93
3. Nikita Kalganov (Russia) – 8:43.15
1. Dmitry Savin (Belarus) – 1:48.50
2. Konstantin Kholmogorov (Russia) – 1:49.12
3. Somnath Chauhan (India) – 1:49.23
1. Elizaveta Slobodyanyuk (Russia) – 5863 points
2. Yulia Sokhatskaya (Russia) – 5826
3. Svetlana Antoshina (Russia) – 5739
1. Alena Dubitskaya (Belarus) – 18.58 meters
2. Alena Gordeeva (Russia)– 17.70
3. Olga Batyreva (Russia) – 17.32
The BRICS Games are being held from June 12 to 24, with around 5,000 athletes from more than 90 countries competing in 387 medal events.
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Another Biden blunder: the American leader froze again in public
After the G7 summit in Italy, the US President flew to Los Angeles for a "star-studded" fundraiser event featuring George Clooney and Julia Roberts for his campaign.
When it was time to bid farewell to the guests, former American leader Barack Obama actively waved to the crowd and headed towards the exit, while Biden stood motionless. His predecessor had to lead the current president away by the hand.
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After the G7 summit in Italy, the US President flew to Los Angeles for a "star-studded" fundraiser event featuring George Clooney and Julia Roberts for his campaign.
When it was time to bid farewell to the guests, former American leader Barack Obama actively waved to the crowd and headed towards the exit, while Biden stood motionless. His predecessor had to lead the current president away by the hand.
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Global South neutrality highlighted as Swiss summit on Ukraine misses peace goals
The Swiss-hosted summit on Ukraine, according to retired US Army Lieutenant Colonel Earl Rasmussen, fell short of its goals, functioning more as a political rally than a true peace conference.
Rasmussen criticized the summit for attempting to gather more support and resources for Ukraine while sidelining genuine peace efforts.
He described the summit's approach, which focused on Zelensky's ten-point plan, as unrealistic.
He also highlighted the lack of engagement from significant global players, pointing out that with 92 out of 160 invited countries participated, major powers and high-level representatives were largely absent. That included US President Joe Biden, who prioritized an election fundraiser over attending the summit. Instead, Vice President Kamala Harris attended only briefly, highlighting the event’s limited importance.
Rasmussen stressed that the "Global South is clearly sending their neutrality signal on this issue." Many developing nations refrained from signing the closing statement, reflecting their discontent with the summit's direction and its lack of genuine engagement with broader global perspectives on peace.
On Putin’s peace initiative, Rasmussen noted that past peace opportunities were derailed by Western interference and stressed that without genuine discussions on peace and security guarantees, future summits would be futile.
He concluded that “another peace summit is a waste of time unless they come to reality.”
The summit's failure to include Russia and its neglect of the Global South’s views illustrate the deep divisions and challenges facing attempts to resolve the Ukrainian conflict.
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The Swiss-hosted summit on Ukraine, according to retired US Army Lieutenant Colonel Earl Rasmussen, fell short of its goals, functioning more as a political rally than a true peace conference.
Rasmussen criticized the summit for attempting to gather more support and resources for Ukraine while sidelining genuine peace efforts.
"It was a rallying point to gather support against Russia and towards Ukraine, perhaps to gather additional funds or commitments," he told Sputnik.
He described the summit's approach, which focused on Zelensky's ten-point plan, as unrealistic.
"The plan itself is unrealistic,” Rasmussen said. “It's not part of reality. It's some parallel universe or illusion that he has."
He also highlighted the lack of engagement from significant global players, pointing out that with 92 out of 160 invited countries participated, major powers and high-level representatives were largely absent. That included US President Joe Biden, who prioritized an election fundraiser over attending the summit. Instead, Vice President Kamala Harris attended only briefly, highlighting the event’s limited importance.
Rasmussen stressed that the "Global South is clearly sending their neutrality signal on this issue." Many developing nations refrained from signing the closing statement, reflecting their discontent with the summit's direction and its lack of genuine engagement with broader global perspectives on peace.
On Putin’s peace initiative, Rasmussen noted that past peace opportunities were derailed by Western interference and stressed that without genuine discussions on peace and security guarantees, future summits would be futile.
He concluded that “another peace summit is a waste of time unless they come to reality.”
The summit's failure to include Russia and its neglect of the Global South’s views illustrate the deep divisions and challenges facing attempts to resolve the Ukrainian conflict.
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Aggressive expansion: US presidential hopeful Robert F. Kennedy Jr. weighed in on NATO
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"After decades of aggressive expansion, does anyone really think NATO is a 'defensive alliance' anymore?" he wrote on X.
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Sputnik International
BRICS Games: Russia's Kochanova claims gold in women's pole vault Russian athlete Maria Kochanova emerged victorious in the women's pole vault competition at the BRICS Games in Kazan. Kochanova, her compatriot Polina Parfenenko and Belarus’ Elizaveta Valueva…
Russian athletes secured 33 gold medals on the fourth day of the BRICS Games held in Kazan.
In addition to their gold medals, Russian athletes also won 28 silver and 18 bronze medals on Sunday.
The Russian team currently holds the top spot in the medal standings, with a total of 111 gold, 80 silver and 48 bronze medals over the four days of competition.
The Belarusian team is in second place with 20 gold, 34 silver and 39 bronze, followed by China in third place with 17 gold, 11 silver and 8 bronze.
Three sets of medals will be contested at the BRICS Games on June 17.
The BRICS Games are being held from June 12 to 24, with around 5,000 athletes from more than 90 countries competing in 387 medal events.
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Iraq and Jordan have withdrawn their signatures under the communiqué of the conference on Ukraine, according to the list of countries at the bottom of the document on the website of the Swiss Federal Council.
Initially, these countries were shown at the presentation as having signed the joint declaration. Later, the list was updated, excluding Iraq and Jordan. The reasons for the withdrawal of signatures were not specified.
The Holy See, as the Vatican Press Service told Sputnik, did not sign the document because of its observer status.
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Initially, these countries were shown at the presentation as having signed the joint declaration. Later, the list was updated, excluding Iraq and Jordan. The reasons for the withdrawal of signatures were not specified.
The Holy See, as the Vatican Press Service told Sputnik, did not sign the document because of its observer status.
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Record number of ‘double haters’ loathe both US major party presidential candidates
Lawmakers in the US consistently stress the importance of exporting American-style freedom and democracy around the globe, but recent evidence suggests the American system of governance has seen better days.
Online media outlet Axios identified a number of groups making up the growing number of Americans who reject both major candidates. Perhaps the largest group of “double haters” are pro-Palestinian voters, including Arab-Americans and young people who oppose Biden’s support for Israel’s deadly military operation in Gaza. Trump also remains unpalatable for this segment of the population given the former president’s steadfast pro-Israel stance and threats to deport pro-Palestine campus demonstrators studying in America on student visas.
Libertarian Party candidate Chase Oliver has also pledged to “end the genocide” against Palestinians if elected president. A number of smaller left-wing formations such as the Party for Socialism and Liberation also oppose US backing of Israel, but third party candidates typically struggle for influence and recognition in the United States’ pay-to-play political system.
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Lawmakers in the US consistently stress the importance of exporting American-style freedom and democracy around the globe, but recent evidence suggests the American system of governance has seen better days.
“Biden, Trump are least-liked pair of major party presidential candidates in at least 3 decades,” declared a report by the Pew Research Center polling firm. “With the 2024 US presidential election about five months away, a quarter of Americans hold unfavorable views of both major party candidates – President Joe Biden and former President Donald Trump… That is the highest share expressing negative views of both candidates in surveys conducted at about this point in the election cycle by the Center and other organizations dating back to the 1988 election.”
Online media outlet Axios identified a number of groups making up the growing number of Americans who reject both major candidates. Perhaps the largest group of “double haters” are pro-Palestinian voters, including Arab-Americans and young people who oppose Biden’s support for Israel’s deadly military operation in Gaza. Trump also remains unpalatable for this segment of the population given the former president’s steadfast pro-Israel stance and threats to deport pro-Palestine campus demonstrators studying in America on student visas.
“Activists are increasingly rejecting the ‘lesser of two evils’ paradigm that historically has benefited Democrats, raising the risk that they'll boycott the election or vote third party,” Axios reported. Among prominent third-party US candidates Robert F. Kennedy Jr. has also expressed a pro-Zionist stance, but Green Party candidate Jill Stein has distinguished herself as a supporter of the Palestinian cause. The activist and physician was arrested at a pro-Palestine demonstration in St. Louis in April.
Libertarian Party candidate Chase Oliver has also pledged to “end the genocide” against Palestinians if elected president. A number of smaller left-wing formations such as the Party for Socialism and Liberation also oppose US backing of Israel, but third party candidates typically struggle for influence and recognition in the United States’ pay-to-play political system.
Follow the link to learn more
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NATO countries are discussing putting the alliance's nuclear warheads on alert, NATO Secretary General Jens Stoltenberg told Britain's Telegraph newspaper.
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"I won’t go into operational details about how many nuclear warheads should be operational and which should be stored, but we need to consult on these issues. That’s exactly what we’re doing." the newspaper quoted Stoltenberg as saying.
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Sputnik International
NATO countries are discussing putting the alliance's nuclear warheads on alert, NATO Secretary General Jens Stoltenberg told Britain's Telegraph newspaper. "I won’t go into operational details about how many nuclear warheads should be operational and which…
Houthis say they have attacked US destroyer and 2 ships in Red and Arabian seas
Yemen's Ansar Allah rebel movement, also known as the Houthis, said that it had attacked a US destroyer and two commercial vessels in the Red and Arabian Seas.
The spokesman said that the Houthis fired missiles at a US destroyer and the Captain Paris vessel in the Red Sea. He also added that the movement attacked with drones the Happy Condor vessel in the Arabian Sea.
The Houthis have been launching attacks on commercial and military vessels in the region for months in response to Israeli military operations in the Gaza Strip. The attacks prompted the US to form a multinational coalition to protect shipping in the area, as well as to strike Houthi targets on the ground.
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Yemen's Ansar Allah rebel movement, also known as the Houthis, said that it had attacked a US destroyer and two commercial vessels in the Red and Arabian Seas.
"The missile unit and naval forces of our Yemeni armed forces carried out two military operations in the Red Sea," Houthi military spokesman Yahya Saree said.
The spokesman said that the Houthis fired missiles at a US destroyer and the Captain Paris vessel in the Red Sea. He also added that the movement attacked with drones the Happy Condor vessel in the Arabian Sea.
The Houthis have been launching attacks on commercial and military vessels in the region for months in response to Israeli military operations in the Gaza Strip. The attacks prompted the US to form a multinational coalition to protect shipping in the area, as well as to strike Houthi targets on the ground.
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Palestine's membership in UN will help launch negotiations with Israel
Russia is convinced that Palestine's membership in the United Nations will help launch equal negotiations between Palestinians and Israelis, Russian Permanent Representative to the UN Vassily Nebenzia told Sputnik.
The Russian diplomat recalled that the US had earlier vetoed a resolution recommending that the General Assembly admit Palestine to the UN, threatening to do so again if the issue was reconsidered.
Nevertheless, the US position "finds less and less understanding in the world, especially against the backdrop of the bloody events in Gaza," he said.
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Russia is convinced that Palestine's membership in the United Nations will help launch equal negotiations between Palestinians and Israelis, Russian Permanent Representative to the UN Vassily Nebenzia told Sputnik.
"We are convinced that Palestine's membership in the UN would help launch an equal negotiation process between Palestinians and Israelis on a set of final status issues, the outcome of which would be the creation of a Palestinian state within the 1967 borders with its capital in East Jerusalem, coexisting in peace and security with Israel in accordance with approved international legal decisions," Nebenzia said.
The Russian diplomat recalled that the US had earlier vetoed a resolution recommending that the General Assembly admit Palestine to the UN, threatening to do so again if the issue was reconsidered.
"The Americans believe that the issues of recognizing Palestine and its admission to the UN should be resolved in direct negotiations with Israel. At the same time, the US itself "torpedoed" them, imposing unilateral approaches, bypassing the universally recognized international legal basis with the internationally approved formula of "two states"," Nebenzia said.
Nevertheless, the US position "finds less and less understanding in the world, especially against the backdrop of the bloody events in Gaza," he said.
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US Treasury Secretary claims seizing profits from Russian assets is not ‘theft’
US Treasury Secretary Janet Yellen said that there are legal grounds for seizing income from frozen Russian assets in favor of Ukraine and it is not a "theft."
Yellen is also convinced that there is a "battle of wills" between the West and Russia regarding these funds. According to her, Russia believes that the Western coalition "will crumble in the sense we won't go on providing Ukraine with the resources that they need to fight this war."
"And this is a way of showing that we have the capacity and the will to do so," the treasury secretary concluded.
Last week, G7 countries agreed on a loan structure to provide at least $50 billion to Ukraine in loans, which will be funded by revenue generated by the interest on Russia’s frozen assets, but they will not confiscate the principal amount of those funds.
Russia has maintained that any attempts to confiscate its assets amount to theft and a violation of international law.
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US Treasury Secretary Janet Yellen said that there are legal grounds for seizing income from frozen Russian assets in favor of Ukraine and it is not a "theft."
"There is no sense at all in which it's theft … So there's no legal issue here. And our allies, our partners, the G7 will provide Ukraine a $50 billion loan, which will be repaid over time from these proceeds," Yellen said in an interview with the ABC News broadcaster.
Yellen is also convinced that there is a "battle of wills" between the West and Russia regarding these funds. According to her, Russia believes that the Western coalition "will crumble in the sense we won't go on providing Ukraine with the resources that they need to fight this war."
"And this is a way of showing that we have the capacity and the will to do so," the treasury secretary concluded.
Last week, G7 countries agreed on a loan structure to provide at least $50 billion to Ukraine in loans, which will be funded by revenue generated by the interest on Russia’s frozen assets, but they will not confiscate the principal amount of those funds.
Russia has maintained that any attempts to confiscate its assets amount to theft and a violation of international law.
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More than 2,750 people have been released from Ukrainian prisons and have already joined the Ukrainian army, including those convicted of drug trafficking, phone theft, armed assault and murder, the Washington Post has reported.
An unnamed Ukrainian military officer responsible for their recruitment told the newspaper that he did not believe in the success of this practice and feared desertion of such recruits.
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An unnamed Ukrainian military officer responsible for their recruitment told the newspaper that he did not believe in the success of this practice and feared desertion of such recruits.
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