International Relations Finance News

"Debating Russia's Financial Responsibility for Ukraine's Reconstruction and Defense"

The EU is considering using the $300bn of Russian assets frozen in response to the invasion of Ukraine to support Ukraine's recovery and reconstruction, with some experts suggesting using the money to benefit Ukraine's war effort or as collateral for loans. However, there are legal and political risks, including fears of retaliation by Russia and concerns about the impact on the reputation of the US dollar and the Euro. The EU is exploring legal theories to protect the reputation of the Euro while seeking justice for Ukraine, but the situation remains complex and uncertain.