Making Russia Pay: Freezing Assets and Transferring Money

In response to Russia's invasion of Ukraine, Western countries have implemented sanctions, including freezing Russian assets held in Western bank accounts. This includes the Russian government's emergency savings of $300 billion. The US is considering not only freezing these assets but also transferring the funds to Ukraine, similar to what was done during the Iraq-Kuwait conflict. However, the EU is concerned about potential legal repercussions and the impact on Russian assets held in the US. They fear that a judicial decision could prevent them from giving the frozen funds to Ukraine.