The Ukrainian president wants to use Russian assets seized in world banks to rebuild the war-torn country.

President Zelensky has called for some of the Russian billions seized by world banks to be sent to rebuild Ukraine.

The G7 group is considering taking only the rise in value and interest due since the assets were frozen in 2020.

But the Ukrainian president told the BBC all of the money should be used. “If the world has $300bn - why not use it?”, he said.

The BBC understands central bankers in Europe have concerns over undermining banks’ safe haven status.

  • LufyCZ@lemmy.worldEnglish
    2·
    11 months ago

    There are many banks that do not do that - Mellon for example.

    But yeah, you’re right, for some reason I imagined them just taking the money out and chilling on a yacht somewhere with it