The Ukrainian president wants to use Russian assets seized in world banks to rebuild the war-torn country.

President Zelensky has called for some of the Russian billions seized by world banks to be sent to rebuild Ukraine.

The G7 group is considering taking only the rise in value and interest due since the assets were frozen in 2020.

But the Ukrainian president told the BBC all of the money should be used. “If the world has $300bn - why not use it?”, he said.

The BBC understands central bankers in Europe have concerns over undermining banks’ safe haven status.

  • noobdoomguy8658@feddit.deEnglish
    3·
    10 months ago

    As seemingly morally correct as it is, you’re just talking about way too powerful markets here to dismiss that way. Maybe we, the Lemmy/fediverse crowd, may want and welcome it, but neither the governments nor a large enough portion of their electorates would sacrifice even relative economic comfort and their standard of living for that.

    Not to mention that uncovering who’s done what atrocities is a very big Pandora’s box, opening which either blocks everyone from trading with each other, or leads to heavily-manipulated decisions and results as to whose atrocities justify embargoes and whose don’t.

    This whole things is neck-deep pile of shit to say the least.