The west could help release billions and hurt Putin’s war effort at the same time, says Olena Halushka, co-founder of the International Center for Ukrainian Victory
The White House has warned that the US will run out of funds for Ukraine by the end of the year if Congress doesn’t approve a new assistance package.
While we are grateful for every penny of international assistance, it is time to make Russia pay too: by confiscating the $300bn (£238bn) in Russian central bank assets currently frozen by western states.
The legal mechanism of confiscation should set out clear criteria around Russia’s war of aggression, so that other states do not believe the seizure is arbitrary or could be easily repeated in the case of minor transgressions.
Russia has committed major crimes in Ukraine, including deportation of children, rape and torture, inhuman treatment of prisoners of war and targeted attacks on civilian facilities.
Those that continue working there should have weighed the risks of possible illegal alienation of their assets, since such measures are usual practices for authoritarian regimes against so-called “hostile” actions of other states.
It is fair, morally right and achievable to transfer Russian central bank assets for Ukraine’s self-defence, recovery and compensation for victims.
The original article contains 835 words, the summary contains 179 words. Saved 79%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The White House has warned that the US will run out of funds for Ukraine by the end of the year if Congress doesn’t approve a new assistance package.
While we are grateful for every penny of international assistance, it is time to make Russia pay too: by confiscating the $300bn (£238bn) in Russian central bank assets currently frozen by western states.
The legal mechanism of confiscation should set out clear criteria around Russia’s war of aggression, so that other states do not believe the seizure is arbitrary or could be easily repeated in the case of minor transgressions.
Russia has committed major crimes in Ukraine, including deportation of children, rape and torture, inhuman treatment of prisoners of war and targeted attacks on civilian facilities.
Those that continue working there should have weighed the risks of possible illegal alienation of their assets, since such measures are usual practices for authoritarian regimes against so-called “hostile” actions of other states.
It is fair, morally right and achievable to transfer Russian central bank assets for Ukraine’s self-defence, recovery and compensation for victims.
The original article contains 835 words, the summary contains 179 words. Saved 79%. I’m a bot and I’m open source!