The Wall Street Journal

Why Ukraine’s Allies Are Divided Over Using $300 Billion in Russian Assets

Pressure builds on European countries to formally seize funds and use them to help Kyiv, but some are reluctant to do so

The frozen assets accounted for around half the foreign assets Russia’s central bank held on the eve of the war.
The frozen assets accounted for around half the foreign assets Russia’s central bank held on the eve of the war. Photo: EPA/Shutterstock

Days after Russia began its full-scale invasion of Ukraine, Kyiv’s allies united to deploy a weapon against the Kremlin: freezing Russia’s overseas assets. 

The question of what to do with the $300 billion in frozen funds has divided European countries ever since. 

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