Billions on ice: What to do with Russia's frozen central bank money?
18 March 2025
So far, G7 countries have avoided the legal and financial complications associated with outright confiscating the €274bn by using the interest only on the frozen cash to fund upfront assistance to Ukraine.
But some — Poland, the United Kingdom, Lithuania, Latvia and Estonia — want to do more by taking the principal as well, given the enormous damage Russia has done.
But some — Poland, the United Kingdom, Lithuania, Latvia and Estonia — want to do more by taking the principal as well, given the enormous damage Russia has done.