Monday, February 5, 2024

Kremlin warns West against using frozen Russian assets as collateral for Ukraine

The Kremlin on Monday warned the West that any attempt to use frozen Russian assets as collateral to raise funds for Ukraine would be illegal and lead to years of litigation because Moscow would challenge any such action.

The Financial Times reported on Saturday that the G7 had drawn up plans to use frozen Russian assets as collateral for debt sold to help Ukraine. Bloomberg also reported on the plan.

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