Ukraine must urgently be given the 300bn of frozen Russian assets -- The Guardian

[erronis]

https://www.theguardian.com/world/2025/may/31/ukraine-must-urgently-be-given-the-300bn-of-frozen-russian-assets
Phillip Inman

Confiscating the funds would shock Putin, help Ukraine, and take advantage of disillusionment in the US economy

Ukraine needs more than long-range missiles and fibre-optic drones in its fight with Russia. What it needs is more money, and lots of it.

In particular, the war-torn nation should be handed the €300bn (£250bn) of frozen Russian assets stored mostly in accounts hosted by the Euroclear trading system.

The Belgian government could confiscate the funds with the support of the EU Commission, or set up a way to use the Russian funds as collateral for a gigantic loan to Ukraine.

Either way, Moscow has forfeited its right to the money, which is mostly central bank funds that were left behind after Putin gave the order to invade.

As a statement of intent, confiscating the funds would be shock to Putin, hurt his pride and undermine support at home for the war.

It would give Ukraine a much needed psychological boost after months of backpedalling through the Donbas while Russian forces exploit the dithering and equivocation in Washington.

Donald Trump, who views Europe as weak and indecisive, would be left reeling by such a forceful act, which many have demanded since the start of the war and has gained traction in recent weeks as the bombardment of Ukraine has intensified.

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Slava Ukraini! Слава Україні!
https://en.wikipedia.org/wiki/Slava_Ukraini

[Irish_Dem]

1. It's way past time to give them this money.