Espreso. Global
Exclusive

West must use frozen $300bn of Russian assets to help Ukraine - former US State Department Coordinator Fried

23 December, 2023 Saturday
19:25

Former US State Department Coordinator for Sanctions Policy Daniel Fried says that the West is hesitant to unfreeze Russian assets, but seems to be gradually approaching this goal

He said this in the Studia West with Antin Borkovskyi program on Espreso TV.

"At the beginning of Russia's full-scale invasion of Ukraine in 2022, the G7 countries blocked Russian sovereign assets in their jurisdictions worth more than USD 300 billion. This money is currently frozen. The question is: should it be used to help Ukraine or to compensate for the damage caused by Putin's aggressive war? For various reasons, European governments and the US government are hesitant to take this step, but it seems that they are gradually approaching it. I support such a step and believe that we should use these Russian funds to help Ukraine," the former US State Department coordinator stressed.

According to him, the political discussion is moving in this direction, and the sooner it reaches a good conclusion, the better for the world. This is a potential way out for Ukraine. However, even in the best of circumstances, these resources will not be available immediately, and yet they will be available, and using them is the right decision.

"But how quickly can we inflict economic pain on Russia? It is very important to increase economic pressure and sanctions. A lot of this has to do with enforcement. The European Union has announced its 12th package of sanctions. The US announced new sanctions a few days ago. We have to continue to prevent others from circumventing sanctions so that more and more pressure is put on the Russian economy. And as I said before, we must use the USD 300 billion of frozen Russian assets to help Ukraine," Daniel Fried said.

  • The bill on the confiscation and transfer of Russian assets to Ukraine was registered in the US Senate in mid-June.
  • On November 30, the US Senate introduced a bill to confiscate Russian assets.
  • The European Commission plans to raise €15 billion from Russia's frozen assets to provide financial assistance to Ukraine.
  • On December 16, the Financial Times reported that the Group of Seven countries had intensified negotiations and were close to confiscating frozen Russian assets to transfer them to Ukraine. 
Tags:
Read also:
  • News
2024, Saturday
24 February
22:28
Total Resistance: the launch of calendar dedicated to the heroic struggle of Ukrainians against Russia
21:19
All children evacuated from five settlements in Donetsk region
20:54
Russia shells Huliaipole, Zaporizhzhia region, killing elderly woman
20:27
EU plans to transfer almost 170,000 pieces of ammunition to Ukraine by end of March - FM Kuleba
20:01
Ukrainian army repels 28 Russian attacks in five directions - General Staff
19:36
Exclusive
Theory of Ukraine's success largely depends on US - American politician Fried
19:10
Executed in Olenivka Russian Captivity: The Story of a Boy from the Cherry City
18:44
Exclusive
Prospects of Ukraine's victory in war are very high - General Mussayev
18:16
All crew of downed Russian A-50 aircraft killed - media
17:50
Exclusive
Putin is forced into conditions where he cannot stop his aggression against Ukraine - General Mussayev
17:21
West's decision to ban Ukraine from striking at Russian territory is wrong - future commander of Estonian army
16:52
Exclusive
New US sanctions against Russia may affect Chinese companies - US politician Fried
16:24
Two years of Ukraine inspiring world: Western leaders on second anniversary of Russia's full-scale invasion
15:55
OPINION
Zelenskyy's interview with FOX: main points
15:28
UK intelligence estimates Russian losses over two years of full-scale war in Ukraine
15:00
Ukraine uses American chemical munitions against Russian army: Kremlin media spread another fake
14:32
Exclusive
Diplomat Chaly comments on preparations for 'congress' in Russian-occupied Transnistria
14:04
Review
Ukrainian counterattacks, liberation of territories in south, situation near Avdiivka: weekly military results by Serhiy Zgurets
13:35
Russia deploys dozens of Soviet T-62 tanks to Crimea - Atesh
13:07
ISW assesses risks of invasion of Ukraine from Transnistria
12:39
Exclusive
Aviation expert names complex used by Ukraine to destroy Russian A-50 aircraft
12:11
Ukrainian army destroys 770 Russian soldiers, 36 artillery systems, aircraft - General Staff
11:42
Ukraine intercepts conversation confirming downing of Russian A-50U aircraft
11:15
Ukraine's Air Force destroys 12 Shahed drones, 2 missiles overnight
10:49
Russian Su-34 firing missiles at Ukraine shot down in Kherson region - media
10:24
Updated
Ukraine’s forces target another Russian A-50 radar aircraft
2024, Friday
23 February
21:40
Review
Victorious news of 730th day of war: destroyed Russian Tor-M2 and Strela-10, €1.8bn in military support from Denmark
21:20
Ukrainian army repels 18 Russian attacks in 5 directions - General Staff
21:00
DPRK supplies Russia with 1.5 million ammo produced in 1970s-1980s - Ukrainian intelligence
20:45
Canada announces additional sanctions against Russia
20:15
Russian army destroys almost 500 tons of grain overnight in Donetsk region
19:50
Ukrainian officials arrive at Poland's border, but do not meet with Polish counterparts
19:30
Updated
Russia’s missiles, attack drones kill at least four in Ukraine
19:12
Exclusive
Japan provides record aid to Ukraine, thus supporting US and EU - Zhevago
18:50
Ukrainians, your fight is our fight: Polish media thanks Ukraine for resisting Russian aggression
18:20
Ukraine war is giant Ponzi scheme: fake news for February 23
17:50
Russian forces use chemical weapons in Tavria sector - General Tarnavskyi
17:20
What long-range weapons can Germany provide to Ukraine?
16:50
Russia can use almost 300 combat aircraft against Ukraine - intelligence
16:20
Situation in eastern Ukraine isn't critical - Ukrainian military
More news