The US has begun to urge the EU to use frozen assets of the Russian Federation to help Ukraine - WP

According to journalists, Russian banking reserves cannot replace military and economic assistance with Washington, which is needed by Ukraine to survive the next few months of war. High -ranking US officials have intensified their attempts on Western governments to use significant amounts of funds from the frozen reserves of the Russian Central Bank in support of Ukraine. About it writes October 11 The Washington Post with reference to data from three anonymous sources.

The Kremlin holds about $ 300 billion in various bank accounts in Western countries, but experts warn that simple movement of these funds can cause legal difficulties and significant financial risks, as stated in the published article. According to US officials, Russian banking reserves cannot replace the military and economic assistance with Washington's military and economic assistance for the next few months of the war, as stated in the article.

Officials warn that it will take a considerable time, perhaps months, and possibly more than a year so that the funds reach Kiev. Most of the Russian reserves are currently in Europe, and the heads of central banks in these countries have expressed serious fears about the possible negative impact of the arrest of these funds on the economy.

If the United States were acted alone, they could only use about $ 5 billion in the United States, but within the Baiden Presidential Administration, arguments argued in favor of stimulating allies in the West to redistribute these assets, as reported by the publication. "This is certainly part of the discussion.

The United States has become much more open to freezing but also the use of Russian reserves," said a source informed of internal negotiations by high -ranking financial officials of the United States and Europe. Harvard professor, unofficial Presidential consultant Joe Biden for decades, Larry Summers, expressed that there is no significant argument against the use of Russian funds, and now the need is more important than ever.

In his opinion, the use of Russian reserves instead of taxpayers' funds is correct in terms of economics and morality. The Deputy Prime Minister and Finance Minister of Canadian Christian Freland has stated that she "cannot come up with a more appropriate source" to compensate for the victims of the war and the restoration of Ukraine than the confiscated Russian assets. However, as stated in the publication, there are significant legal and financial obstacles.

Alternatively, the use of funds received in the form of taxes received from these assets can be considered to assist Ukraine, as the publication indicates. Meanwhile, the Government of the Russian Federation and the Central Bank are going to launch the exchange of blocked assets between the EU and Russia. Thus, on August 23, the head of the Russian Ministry of Finance Anton Siluanov stated that in this way the country will be able to return at the initial stage about 100 billion rubles.