Rishi Sunak Calls Frozen Russian Assets to be Seized, Handed to Ukraine
- G7 must find lawful ways to seize frozen Russian funds: Sunak
- Banks have warned that any seizures must have legal principles
The Grand Kremlin palace.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
British Prime Minister Rishi Sunak has called for Western nations to be more aggressive in seizing frozen Russian assets and passing the proceeds on to Ukraine to finance its defense.
Countries that sanctioned Russia over its 2022 invasion of Ukraine “must be bolder in seizing the hundreds of billions of frozen Russian assets,” Sunak wrote in an editorial in the Sunday Times published to mark the two-year anniversary of the Russia’s invasion. That process could start with sending the interest built up on the frozen assets to Ukraine, he wrote.