Proposing the ‘Russian Trust Fund for Ukraine’ ...Middle East

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Proposing the ‘Russian Trust Fund for Ukraine’
Don’t seize. Borrow. Western leaders have thrown their support behind the idea of financing Ukraine’s fight against Russia by impounding and cashing Russian-owned assets. But while this plan may sound enticing in Washington and Brussels, it violates the American commitment to fund Ukraine “as long as it takes.” There is a fiscally responsible and dignified alternative. Instead of confiscating the frozen foreign exchange reserves of the Russian Central Bank to offset political shortfalls in Western aid to Ukraine, consolidate those frozen assets in a trust fund that allows Western governments to borrow short-term, while the balance sheet remains intact for Ukraine’s reconstruction.

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