Frozen Russian assets will soon pay for Ukraine’s war

Ukrainian demo for frozen assets of The Russian Central Bank.

2024-04-18    

In one area, though, there are signs of progress: over what to do with Russia’s frozen assets. After Vladimir Putin invaded Ukraine, Western governments quickly locked down €260bn-worth ($282bn) of Russian assets, which have remained frozen ever since. Proposals about what to do with them have ranged from the radical (seize them and hand them over to Ukraine) to the creative (force them to be reinvested in Ukrainian war bonds). Until recently, none has found widespread favour with Western governments.

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