Western countries are actively exploring ways to confiscate assets
of the Russian central bank to finance Ukraine, as political disputes in the US and Europe threaten the flow of financial support. This is what UNN
reports with reference to the Financial Times.
Details
In recent weeks, G7 officials have intensified talks on
spending a portion of the estimated $300 billion in frozen Russian
sovereign assets. This is a radical step that will open a new chapter in the financial war
the west's financial war against moscow
The push is reportedly prompted by the fact that the two
most important financial aid packages for Ukraine, worth more than $100 billion
dollars failed this week as Republicans in the US Congress and
Viktor Orban of Hungary opposed funding for Kyiv.
The confiscation of Russian assets could become an alternative source of funding for Kyiv, especially with the
source of funding for Kyiv, especially given the expected huge
post-war reconstruction costs.
It is noted that so far, G7 governments have mostly
governments have mostly objected to such a step, fearing to lose the trust of some foreign
investors in assets in dollars and euros.
Presidential Adviser Tells Which Frozen Russian Assets Ukraine Can Get Soonest21.11.23, 13:49 - [views_0]
As the Financial Times notes, although Washington has never publicly supported the confiscation of
has never publicly supported confiscation, in recent weeks the US has taken a more assertive
in recent weeks, arguing in G7 committees that there is a path to asset forfeiture that
"consistent with international law."