"Turning the Tables: Using Russia's Frozen Assets to Support Ukraine"

1 min read
Source: Responsible Statecraft
"Turning the Tables: Using Russia's Frozen Assets to Support Ukraine"
Photo: Responsible Statecraft
TL;DR Summary

The REPO Act, which would allow the US to seize and transfer Russia's frozen sovereign assets to Ukraine, is criticized as an act of economic war that could backfire. Critics argue that this move could escalate tensions with Russia, hinder prospects for peace, and damage US credibility in the global economy. They warn that such actions could lead to retaliation, de-dollarization, and a broader erosion of international law, ultimately advocating for the rejection of the bill as a step towards fixing broken foreign policy.

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