The United States’ retreat from global leadership has weakened its alliances and emboldened despots like Russian President Vladimir Putin. But the US can start to repair some of this damage by demonstrating that it is willing to seize warmongers’ assets to compensate their victims.
WASHINGTON, DC – Following Russia’s brutal assault on Ukraine 24 months ago, Western governments – including the United States – froze around $300 billion of Russian central-bank assets, or roughly half of the country’s total foreign currency and gold reserves at the time. The aim was to prevent the Kremlin from using those funds as part of its war chest or to blunt the impact of US and European economic sanctions.
WASHINGTON, DC – Following Russia’s brutal assault on Ukraine 24 months ago, Western governments – including the United States – froze around $300 billion of Russian central-bank assets, or roughly half of the country’s total foreign currency and gold reserves at the time. The aim was to prevent the Kremlin from using those funds as part of its war chest or to blunt the impact of US and European economic sanctions.