The West should borrow money against decades’ worth of Russian profits and give it to Ukraine, a senior official has reportedly urged The US wants to use future profits from seized Russian assets to raise debt on behalf of Ukraine, a senior White House official has said, according to the Financial Times. European allies have resisted Washington’s initial plan to simply confiscate Moscow’s frozen funds. Western nations have blocked some $300 billion of Russian sovereign assets, most of them in the Belgium-based central securities depository Euroclear. The US government has advocated for the money to be expropriated
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