Vladimir Milov for GLOBSEC: Confiscating Russian Assets: Difficult But Necessary

2024-03-21 | Expert publications, Asset confiscation

By Vladimir Milov. Former Deputy Minister of Energy of Russian Federation

The debate around the topic of financing Ukraine’s reconstruction through the confiscation of frozen Russian assets is intensifying. More political voices have come forward with proposals to confiscate Russian assets for that purpose (most recently, the U.K. Foreign Secretary David Cameron); others warn against political and legal risks of doing so. However, risks or no risks, the need to swiftly find viable sources of funding for Ukraine’s reconstruction rapidly becomes such an urgent task with no clear solution available that politicians should find the will to move ahead with the confiscation of Russian assets – however challenging that may turn out to be.

The full publication is available here.