Russian sanctions

Biden plans to use billions in seized Russian assets to fund Ukraine aid

Biden’s plan to use billions in seized Russian assets to fund Ukraine aid resonates deeply with me. It feels like a turning point in the way international conflicts—and the consequences of aggressive actions like Russia’s invasion of Ukraine—are being addressed. For too long, powerful nations have redirected the costs of war onto their citizens, while aggressors continue their actions without much repercussion. Now, using these assets for aid not only provides resources to those suffering but also sends a clear message: if you choose aggression, there will be consequences.

I appreciate the legality surrounding the situation, particularly that the money in question is the interest generated by the seized assets of Russian oligarchs.… Continue reading

“Now we make Russia pay”: EU to transfer first $ 1.6 bn in frozen Russian assets to Ukraine

It’s about time that Russia starts to pay for the devastation and chaos it has caused in Ukraine. The decision by the EU to transfer the first $1.6 billion in frozen Russian assets to Ukraine is a significant step in holding Russia accountable for its actions. The fact that 90% of these funds will go towards defense and 10% towards reconstruction efforts shows a clear commitment to helping Ukraine defend itself against Russian aggression and rebuild its war-torn regions.

Seeing European Commission President Ursula von der Leyen announce this at the Ukraine Recovery Conference 2024 must have been a moment of relief and hope for the Ukrainian people.… Continue reading