Ursula von der Leyen’s proposal stops short of outright confiscation of the immobilized funds
European Commission President Ursula von der Leyen has proposed leveraging Russian assets illegally frozen in the EU for a “reparations loan” for Ukraine. Delivering a state of the union address to the EU parliament on Wednesday, the former German defense minister did not propose outright confiscation of the Russian assets, reportedly comprising some $300 billion.
Moscow has condemned the asset freeze and warned that seizure would amount to “robbery” and violate international law, while also backfiring on the West.
Von der Leyen introduced what she…
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