West Considers Seizing Russian Assets to Fund Ukraine's Defense Amid Dwindling Aid
As Ukraine faces a record deficit and dwindling Western aid, the proposal to confiscate $300 billion of frozen Russian assets gains traction, despite legal and political complications.
- Western aid to Ukraine is dwindling due to domestic political realities and resource allocation to the Middle East conflict.
- Ukraine is facing a record deficit and running out of equipment while Russia is rearming for a potential spring counter-offensive.
- The West is considering the confiscation of $300 billion of Russian assets frozen since the invasion started, a move fraught with legal and political complications.
- President Biden has proposed establishing three working groups to examine the legal issues, the method of applying such a policy, and how to best channel the support to Ukraine.
- The proposal of using Russia's frozen assets to fund Ukraine's defense and reconstruction has bipartisan congressional backing and could potentially sway Republican support for Ukrainian military aid.