Why it will pay to seize Russian assets for Ukraine’s recovery
Other countries are exploring similar actions. But given how globally distributed Russian assets are and how complex it can be to repurpose assets for reparations, a co-ordinated international effort is needed, one that can ensure due process standards are upheld and that the right people and institutions receive funds from seized and redirected assets.for the creation of an international mechanism to compensate for damages, losses and injuries caused by Russia in Ukraine.
Accessing Russia’s sovereign assets and wealth – such as the estimated $350-billion in Russian Central Bank funds that Western states have frozen – is more difficult. Doing so would require lifting sovereign immunity, which protects state property from being forfeited. But as
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