As much as $300 billion in Russian assets, frozen in the West since the invasion of Ukraine, is piling up profits and interest income by the day. There has been a debate for months about whether it would be legal or wise to confiscate the frozen assets altogether. But proposals to seize and use the profits earned on those Russian assets are gaining considerable ground. The Europeans would like to transfer them to Ukraine yearly or every two years. The Americans want to find a way to get more money to Ukraine more quickly.

Source: New York Times May 15, 2024 11:48 UTC