The $300 billion question: What to do with Russia’s frozen central bank money?
- Kyiv's European allies are considering seizing $300 billion in frozen Russian assets to support Ukraine, although concerns about international law exist.
- Opponents, including French Finance Minister Eric Lombard, argue that seizing assets could destabilize financial markets and violate international law.
- The World Bank estimates the reconstruction of Ukraine will cost $524 billion, exceeding the total of the frozen Russian assets.
- Kremlin spokesman Dmitry Peskov warned that such actions would be deemed unlawful and could lead to serious legal consequences.
52 Articles
52 Articles
The Debate Over Seizing Russia’s Frozen Assets
FRANKFURT, Germany — With U.S. support for Ukraine in doubt, Kyiv’s European allies are weighing whether to seize $300 billion in frozen Russian assets and use the money to compensate Ukraine, support its military and help rebuild shattered homes and towns. For now, the assets are still on ice, with opponents of seizure warning that the move could violate international law and destabilize financial markets. [time-brightcove not-tgx=”true”] Here …
U.K. and E.U. discuss seizing frozen Russian assets
British and European Union authorities are examining legal and financial avenues to facilitate the confiscation of Russian assets frozen after the full-scale invasion of Ukraine. According to Bloomberg, the issue is on the agenda for a March 18 meeting in London between U.K. Foreign Secretary David Lammy and the European Union’s foreign policy chief, Kaja Kallas. Despite opposition from several European nations, including Germany and Belgium, ef…
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