The White House has put forward a new idea for releasing approximately 50 billion dollars in funding for Ukraine through a loan.
While the issue of full confiscation of Russian assets is no longer relevant, Ukraine’s allies are seeking alternative ways to access funds from these assets.
This was reported by the Financial Times.
As noted in the publication, opponents of the idea see the risk of creating a dangerous precedent in international law, which could jeopardize the international legal order.
Despite the Biden administration supporting calls for confiscation, countries like Canada and some members of the UK government, as well as Japan, France, Germany, and Italy, remain very cautious, leading to a deadlock.
Additionally, countries like Indonesia and Saudi Arabia are urging EU countries not to confiscate assets for fear of jeopardizing their future reserves held in the West.
«Other governments, including G7 countries, are afraid of being accused of any actions that would constitute a violation of international law — exactly what they accuse Russia of,» the article states.
