Media: US steps us efforts to use frozen Russian assets to help Kiev
The Biden Administration is increasingly interested in tapping significant amounts of Russian funds that are frozen in Western countries to help Ukraine, The Washington Post reports
Senior US officials have stepped up their efforts to lead Western governments to use hundreds of billions of US Dollars of frozen Russian central bank reserves to help Ukraine.
“The intensifying push to use the assets for Ukraine comes as US and European governments that support Kiev encounter new domestic political roadblocks for their plans to send taxpayer money to the war effort, although officials insist the matters are unrelated,” reads the publication.
The newspaper, citing Kremlin data, reports that about $300bn is frozen in various bank accounts in Western countries. However, their withdrawal is fraught with legal challenges and major financial risks.
