1. $61B is enough to get Ukraine to Nov. 2024 election. "the latest U.S. package...should see Kyiv through to about the end of next year."
2. Ukraine needs a medium-term funding plan, "Ukraine could run out of weapons again in late 2025."
3. Multi-year funding plan benefits: Insurance against US political swings, boost Ukraine morale, give MIC confidence, change Putin's calculations, and freeze conflict like N/S Korea.
4. Ukraine will need at least 88B Euros every year.
5. Capitalising interest payments of $320B with a bond backed by future interest rates and paying the proceeds to Ukraine "might raise 30 to 40B Euros...it will not be a game changer because it will fund Ukraine for less than half a year."
6. Main way to get money to Ukraine is $320B in Russian assets, "That would finance the war until at least the end of 2028."

👉Here is the important part:
7. $320B as a Syndicated Reparation Loan, "Ukraine would pledge its claim for reparations against Russia to a syndicate of its allies in return for a loan. If Moscow refused to pay the damages, the allies could use Russia’s frozen assets to pay off the loan."
8. "This in no way prejudges a much bigger funding package later."