The leaders of the G7 reached an agreement Thursday to use approximately $50 billion in frozen Russian assets as collateral for a $50 billion reconstruction loan to Ukraine.
“This has been something that the United States has put a lot of energy and effort into,” national security adviser Jake Sullivan told reporters. “We see proceeds from these assets as a valuable source of resources for Ukraine at a moment when Russia continues to brutalize the country, not just through military action on the front but through the attempted destruction of its energy grid and its economic vitality.”
Using frozen Russian assets for war reparations was approved by a vote of the UN General Assembly, so the fact that the civilized world is moving to make Russia pay up should not be a shock to anyone. The UN General Assembly, by a vote of 94-14, declared that Russia was responsible for the war…
