this post was submitted on 18 Jan 2024
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President Zelensky has called for some of the Russian billions seized by world banks to be sent to rebuild Ukraine.

The G7 group is considering taking only the rise in value and interest due since the assets were frozen in 2020.

But the Ukrainian president told the BBC all of the money should be used. "If the world has $300bn - why not use it?", he said.

The BBC understands central bankers in Europe have concerns over undermining banks' safe haven status.

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[–] Wodge@lemmy.world 5 points 10 months ago

Russia doesn't produce much that is used in the west aside from oil. Sooner we get off that muck, the better.