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NEW DELHI – The talk over utilizing frozen Russian property to fund Ukraine’s reconstruction is coming to a head. The arguments in favor are compelling. The objections are weak. However there is also unintended penalties.
Canada has handed laws permitting Russian property to be redeployed on behalf of Ukraine. In america, 4 members of Congress have launched laws to repurpose sovereign Russian property for Ukraine. And European Union leaders thought-about the difficulty at their current summit, although German Chancellor Olaf Scholz and others expressed concern that any such motion would possibly violate worldwide legislation.
The arguments in favor of seizing frozen Russian property have been conveniently assembled in a single place by Lawrence Summers, Philip Zelikow and Robert Zoellick. Russia possesses the means to finance reconstruction. A vigorous economic system can be postwar Ukraine’s finest protection. Reality and justice are on Ukraine’s facet. Different strongmen tempted to emulate Russian President Vladimir Putin’s imperialism can be deterred.
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