Repurposing Russian profits is necessary to finance the ongoing war effort and ensure the successful rebuilding of Ukraine after the conflict. Russian leader Vladimir Putin is unlikely to cooperate in a reparations campaign, so the West must act proactively and do what is right against Putin's hypocritical objections...
The seizing of frozen Russian assets is legally dubious and incredibly damaging to international confidence in the West's financial institutions. By using profits whichthat are rightfully Russian, a dangerous and irreversible precedent will be set that the West will. This move will do little but encourage divestment from the Western world.
There's a 70% chance either the US or EU will seize sovereign Russian assets in 2024, according to the Metaculus prediction community.
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