Finland’s President Backs Loan Plan Using Frozen Russian Assets for Ukraine
Finland’s president hails the plan as “ingenious” to seize frozen Russian assets for Ukraine, and it’s interesting to unpack why this specific approach is being lauded. It seems the idea centers around a clever financial mechanism, not a straightforward seizure of assets, and that makes all the difference. The core concept is that the European Union would essentially provide Ukraine with an interest-free loan. That loan, however, would be “backed” by the frozen Russian assets – primarily held within the Euroclear financial repository in Belgium. This means if Russia refuses to pay war reparations (which they almost certainly will), those assets can be used to cover the loan.… Continue reading
Matt Underwood