Europe and the United States debate how to make Russia pay at least part of the damage it caused Ukraine by its military invasion. Some voices in the EU call for seizing frozen Russian foreign exchange reserves and using it later to cover the costs of rebuilding Ukraine.
Moreover, the White House came up with a similar plan which would allow the US government to seize palaces and yachts owned by the richest and most powerful Russians connected to Putin’s regime, sell them and use the proceeds to help fund Ukraine’s defense.
The war seems to have put a wedge in the relationship between Russian oligarchs and the Kremlin.
„It looks like these cracks are emerging and they’re becoming more and more evident. In fact, we see some of the senior economic officials making very public statements, warning that the full impact of sanctions is yet to be felt,“ says Catherine BeltonRussia correspondent for the Washington Post.
“This is the only channel at this stage that is practically working,” one official said, adding that while Abramovich has been a reliable conduit to the Russian leader, “the decision-making is on Putin solely.” @gregpmiller @shira_rubin on a quixotic bid. https://t.co/Xfkr1cHgFh
— Catherine Belton (@CatherineBelton) May 5, 2022
As she adds, for example a chairwoman of the central bank Elvira Nabiullina claims „that the economy is basically running on borrowed time“.
Creators and resources
Sound design: David Kaiser
Audio sources: YouTube – The White House, YouTube – Forbes Middle East
Team news podcast Lenka Kabrhelová. One crucial topic every weekday for a minute six. The most important events in the Czech Republic, in the world, politics, economics, sports and culture through the lens of the List of News.
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