Putin’s love of money: Efforts to steer frozen Russian assets to Ukraine made little progress over two years
It has been nearly two years since the United States and its Western allies froze hundreds of billions of dollars in Russian foreign holdings, in retaliation for Moscow’s unprovoked and brutal invasion of Ukraine. That roughly $300 billion in Russian Central Bank money has been sitting untapped as the war grinds on, while officials from multiple countries have debated the legality of sending the money to Ukraine. The idea of using Russia’s frozen assets is gaining new traction lately as continued allied funding for Ukraine becomes more uncertain and the U.S. Congress is in a stalemate over providing more...
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