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Snapshot 7:Fri, May 10, 2024 5:33:12 PM GMT last edited by Eric

EU Agrees to Send $3.2B of Frozen Russian Assets to Aid Ukraine

EU Agrees to Send $3.2B of Frozen Russian Assets to Aid Ukraine

EU Agrees to Send $3.2B of Frozen Russian Assets to Aid Ukraine
Image credit: Thierry Monasse/Contributor/Getty Images News via Getty Images

The Spin

Repurposing Russian profits is necessary to finance the ongoing war effort and ensure the successful rebuilding of Ukraine after the conflict. 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 that are rightfully Russian, a dangerous and irreversible precedent will be set that the West will regret. This move will do little but encourage divestment from the Western world.

Metaculus Prediction

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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© 2025 Improve the News Foundation.

All rights reserved.

Version 6.18.0