Pain in the Assets: Brussels Reportedly Mulls Giving Russian Tycoons’ Seized Wealth to Kiev as Loans

The US and its European allies have frozen over $300 billion in assets belonging to the Russian state, and tens of billions more in assets belonging to wealthy Russians, since Moscow kicked off its military op in Ukraine. Last week, Foreign Minister Sergei Lavrov slammed a proposal to transfer seized Russian assets to Kiev as blatant “theft.”