💨 Abstract

British Foreign Minister David Lammy has suggested that Europe should move from freezing Russian assets to seizing them, in response to the invasion of Ukraine. This statement hardens Britain's position on the use of $300-$350 billion of sovereign Russian assets, mostly government bonds, frozen since the invasion. European leaders aim to use these assets to aid Ukraine's reconstruction, but legal challenges and international precedents are hindering progress.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖