2024-01-16 00:25:00
It is becoming increasingly difficult for the West to allocate money for Ukraine. So why doesn’t he give her the frozen Russian billions? Or is this exactly what is about to happen?
January 10th became knownthat the White House supported the idea of confiscating part of the frozen Russian assets in favor of Ukraine.
Po estimates Russian authorities, about 300 billion dollars of the Central Bank of the Russian Federation are frozen in banks of Western countries. Bloomberg citing sources reportsthat in the event of confiscation of frozen assets, the Russian authorities are going to challenge this decision in court with the help of international law firms.
The authorities of the European Union and the United States have been discussing the possibility of using Russian assets since 2022, but they have recently begun to actively develop a plan for their transfer to Kyiv. Thus, in December 2023, The New York Times reported that the United States, together with its allies, began to urgently prepare a strategy for the use of frozen assets of the Russian Federation for the second anniversary of the Russian invasion of Ukraine.
Journalists note that the development of a plan for the seizure of assets involves many controversial issues: for example, the decision on what purposes these assets should be used – to help the economy and restore the country or for military support.
Why have Western countries been unable to confiscate Russian assets for so long? And is there a chance that they will still be sent in favor of Ukraine this time? We talk about this with Alexander Kolyandr. He has worked as a financial journalist for the BBC and The Wall Street Journal, and as an analyst at Credit Suisse.
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