Like any other powerful weapon, financial sanctions should be deployed in accordance with international legal principles. That is why the G7 and the G20, together with the international financial institutions, should establish a multilateral framework to govern their use.
LONDON – As Russia’s war against Ukraine has entered its third year, Western governments are finding it increasingly difficult to muster the funding Ukraine needs to defend itself. The European Union struggled to reach a €50 billion ($54 billion) aid deal in February, and the United States remains deadlocked over its own $60 billion funding package. Now, calls to use Russia’s own assets to fund the Ukrainian war effort are growing louder.
LONDON – As Russia’s war against Ukraine has entered its third year, Western governments are finding it increasingly difficult to muster the funding Ukraine needs to defend itself. The European Union struggled to reach a €50 billion ($54 billion) aid deal in February, and the United States remains deadlocked over its own $60 billion funding package. Now, calls to use Russia’s own assets to fund the Ukrainian war effort are growing louder.