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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.
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