President Trump’s rancorous threat to abandon Ukraine is stoking support for a long-debated proposal to use billions of dollars in frozen Russian assets to buy weapons for Ukraine and finance its reconstruction.
The money — roughly $300 billion owned by Russia’s central bank — was frozen by the United States, the European Union, Britain and others after Russia invaded Ukraine in February 2022. The aim was to punish President Vladimir V. Putin for his unprovoked attack and to cut off funds he could use to wage war.
As the war grinds on into its fourth year, a growing number of officials in Europe and elsewhere have been calling for the money to be released to directly compensate Ukraine.
everything ought to be transferred to Ukraine, but only the European stuff is likely to be in the near term.
that’s one thing Biden really should have done after the election.