04 April 2025
Frozen Russian State Assets
In February 2022, a coalition of states including all G7 economies froze approximately US$300 billion in Russian state assets. Over the past three years, debates have been unfolding as to how these funds can be used to enforce Russia’s obligation to pay reparations to Ukraine. With the prospect of EU sanctions unravelling in July 2025, legal debates over countermeasures and state immunities appear to be ceding stage to concerns over whether CBR assets ought to be ring-fenced in a separate fund to keep it out of Russia’s reach.
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