How Frozen Russian Assets Could Pay for Rebuilding in Ukraine
By Jonathan Masters
July 24, 2023 3:42 pm (EST)
Will Ukraine’s international backers use billions of dollars in seized Russian assets to support rebuilding the war-ravaged country?
The United States, European Union (EU), and other governments are considering whether to use seized Russian assets to fund Ukraine’s reconstruction and recovery, the cost of which could top $1 trillion. Although an end to Russia’s war in Ukraine could be years away, the country requires some critical infrastructure investments immediately. Conversation on multilateral fundraising is gathering steam as public support for aid to Ukraine in the United States, its largest donor, is waning among some groups. Meanwhile, some experts caution that expropriating sovereign Russian assets could carry considerable geoeconomic risks.
https://www.cfr.org/in-brief/how-frozen-russian-assets-could-pay-rebuilding-ukraine
https://www.worldbank.org/en/news/press-release/2023/03/23/updated-ukraine-recovery-and-reconstruction-needs-assessment