In case of confiscation of Russian assets, Ukraine will not receive the entire amount immediately

In case of confiscation of Russian assets, Ukraine will not receive the entire amount immediately

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If Russian assets are confiscated, Ukraine will not receive the entire amount at once

US Treasury Secretary Janey Yellen said that various options regarding Russian assets are being considered, ranging from complete seizure to their use as collateral. According to a senior US Treasury official, Ukraine will not be able to immediately use the entire amount, even if Western countries decide to confiscate about $300 billion in Russian assets frozen due to sanctions.

Source Reuters reported that various options are being discussed in Western countries, but none of them involves the possibility of using the entire amount.

According to other agency sources, one of the most promising ideas is to use interest on frozen assets as collateral for loans or bonds issued by G7 countries to assist Ukraine.

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