US and Europe move closer to using Russian resources to help Ukraine
For months, Western allies have debated how far to go in using Russian central bank assets. The United States believes it would be legal under international law to confiscate the money and give it to Ukraine, but several European countries, including France and Germany, have been cautious about the legality of such a move and the precedent it would set. Although the United States recently passed legislation that would give the Biden administration the authority to seize and confiscate Russian assets, the desire to act in unison with Europe has largely sidelined that idea. This month, European Union nations agreed…