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.

  • Ross_audio@lemmy.worldEnglish
    1·
    10 months ago

    The US should definitely have sanctions applied to it when they break international law.

    At the moment there isn’t much consideration of “will doing this come back to bite me in the ass at a later date” when a country commits violence or funds a foreign coup.

    That’s because there’s too much consideration of “will doing this come back to bite me in the ass at a later date.” When applying sanctions.

    If the sanctions were virtually guaranteed to get triggered, the difficult decision would be for the regime doing the wrong thing in the first place.