Sanctions against Russia

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This is the momentum for Europe to act: seize Russian assets

About the author: Margus Tsahkna is Estonia’s Minister of Foreign Affairs. If Europe truly wants to be a real player in the geopolitical arena and to shape its own security and future, it must match strong words with decisive action. Europe has one powerful lever in its hands right now: Russia’s frozen assets. It’s time to use them. Around 210 billion euros ($246 billion) in Russian central bank assets are sitting frozen in Europe for one reason: Russia chose a full-scale war of aggression. An

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About the author: Olena Havrylchyk is a Professor of Economics at the University Paris 1 Panthéon-Sorbonne. The proposal to use immobilized Russian assets to finance a "reparation loan" for Ukraine will again be discussed at the next European Council meeting on Dec. 18 and 19. The purpose of this loan is to advance Russia’s future reparations in order to cover Ukraine’s reconstruction and recovery needs, which are estimated at 506 billion euros (nearly $589 billion). At the previous summit, B

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