Ukraine is desperate for more funds to defend itself. But using Russia’s frozen assets could upset the delicate system underpinning Europe’s financial system.
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Who will pay to rebuild Ukraine? Canada is the first to pass a law allowing Russian state assets to be seized to rebuild Ukraine, but will it discourage Russia from ending the war?
The Canadian government has already seized privately owned Russian assets. Here’s what it could do to legally seize state-owned assets and use the money to help rebuild Ukraine after the war.
