All frozen assets of the russian federation should be spent on weapons for Ukraine

About three hundred billion dollars of frozen russian assets should be given to Ukraine so that it can use these funds to buy weapons and win the war with russia. This amount can then be credited as reparations to russia if the latter refuses to pay them.

‘It should be noted that from a legal point of view, this is a legal decision, a countermeasure in response to a clear act of aggression. From a financial point of view, there are several options for implementing this measure,’ said French politician and MEP Nathalie Loizeau.

Loizeau, who has long chaired the European Parliament's subcommittee on security and defence, says that the G7 could take such an initiative, as russia's frozen assets are located in Europe, the UK, the US and Japan.

She also dismisses European fears of macro-financial instability in the market following such a decision.

‘Yes, many people are worried about the reputation of the eurozone, and this is a legitimate concern. But why not, for example, provide Ukraine with a loan secured by the same frozen funds that russia has to pay as compensation for war damage? If, as can be predicted, russia decides not to pay, Ukraine could repay the loan with frozen russian assets,’ she explains.

The confiscated funds spent on weapons will help restore Ukraine's advantage on the battlefield and allow it to negotiate from a position of strength.

‘The defence industry is becoming more efficient. Manufacturers tell us that they are ready and that they lack orders. But orders mean funding. Mobilising the funding needed to arm Ukraine is the nerve of the war, its essence,’ Loiseau said.

Source: Ukrinform