Russia’s central bank says it has around $350 billion worth of assets frozen in the West – some of which the European Union is considering using to fund loans to Ukraine.
The plan being discussed would use frozen Russian assets to underpin a loan to Ukraine of $160 billion, which will only be repaid once Ukraine receives reparations from Russia for damages incurred during the war.
In response, Russia says the West’s $285 billion in foreign direct investment in its economy could be confiscated if Russia’s assets are taken.
