Recent battlefield reverses in Ukraine, with Kherson under increasing attack, are powerful reminders that Ukraine needs every penny of support it can get urgently. Yet Western governments still refuse to seize Russia’s $300 billion in frozen assets, even though the idea of making Russia pay for Ukraine’s rebuilding is broadly popular across the U.S.—with even House Speaker Mike Johnson embracing it as “pure poetry.” [time-brightcove not-tgx=”true”] Initially, many officials resisted this move under the haze of a vague unspecified conflict with international law, but those arguments dissolved after Harvard Professor Laurence Tribe published a compelling 199 page legal treatise on why international law supports seizing Russia’s frozen assets, winning the endorsements of hundreds of top international law scholars across the world as well as leading economic, diplomatic, and policy voices including Lawrence Summers, Phillip Zelikow, and Robert Zoellick. Congress’ passage of the Repo Act giving the President the power to unilaterally confiscate frozen Russian sovereign assets last month, alongside $95 billion in long-delayed military support, removed any final legal obstacles standing in the way.
It’s Time To Direct Russia’s Frozen Assets To Ukraine
Jeffrey Sonnenfeld, John E. Herbst and William B. Taylor, Time
Tue, 05/21/2024 - 3:02am
Topics: kherson western u.s.&mdash house speaker mike johnson initially harvard professor laurence tribe lawrence summers phillip zelikow robert zoellick congress&rsquo repo act president u.s deputy national security advisor daleep singh biden administration canada u.k and u.s.&rsquo read make russia pay rebuild ukraine g7&rsquo e.u.&rsquo european central bank christine lagarde russian&rsquo chinese world bank ukrainian harvard&rsquo similarly fdr ldquo;the ukraine we russia&rsquo ukraine&rsquo as russian singh u.s u.s g7 european europe&rsquo u.s the time billion seizing economic international capital income move impact interest seizure borne worth viable reminders simply support idea seize officials rebuilding leading war voices hundreds reserve legal military giving reconstruction concerns attract financial global flows
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