The US and the EU are thinking about how to use $300 billion of frozen russian assets for Ukraine

The United States and the EU are looking for legal opportunities to use $300 billion of frozen russian assets for Ukraine. This was said by US Secretary of State  Antony J. Blinken during a conversation at the university of Texas at Austin.

He noted that most of these assets are in Europe, not the United States.

So we’re looking at what legal authorities we may have, the Europeans may have, to actually use those assets for Ukraine, — said the Secretary of State.

He drew attention to the fact that these assets could be used to rebuild Ukraine.

“My own view is you broke it, you bought it. And so the russians having broken it, they ought to pay for it.  And one way to do that would be through the use of these assets.  We have to make sure that there is a legal basis to do that” — said Antony J. Blinken.

Head of the Office of the President of Ukraine Andriy Yermak noted that this is a “very positive signal”.

“Whoever kills, destroys, violates international law and the UN Charter must lose. This is a matter of justice,” Yermak writes.