eichengreen180_Universal History ArchiveUIG via Getty images)_versailles Universal History Archive/UIG via Getty images

Russia and the Long Shadow of Versailles

Garnishing Russia’s frozen assets to help finance Ukraine's reconstruction would give the Kremlin a powerful propaganda tool with which to paint Russia as the victim, rather than the aggressor. But it is arguably a better option than imposing ongoing reparations payments.

NEW DELHI – The debate over using frozen Russian assets to fund Ukraine’s reconstruction is coming to a head. The arguments in favor are compelling. The objections are weak. But there could also be unintended consequences.

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