"Ukraine’s need now extends beyond long-range weapons to a critical demand for funds; the 300 billion euros of frozen Russian assets could provide necessary financial support."
"Confiscating Russian assets would serve as a strong message to Putin, indicate a decisive European commitment, and reinforce Ukraine’s morale amidst ongoing conflict."
Ukraine is looking for more than weaponry in its fight with Russia; it needs substantial financial aid, particularly the 300 billion euros of frozen Russian assets. Proposed actions include confiscating these funds or using them as collateral for a loan. Such a decisive measure would not only demoralize Russia but also boost Ukraine's psychological position. While Euroclear's potential loss of reputation is a concern, there is growing support from the EU and member states for this initiative, particularly as Ukraine faces intensified bombardments and needs significant backing.
Read at www.theguardian.com
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