UK PM Sunak pushes West to "go bolder" on seizing Russian wealth

A potential asset seizure as a means of holding Russia accountable for the harm its invasion of Ukraine caused has been investigated by the Group of Seven nations

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Bhaskar Chakravorty
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British Prime Minister Rishi Sunak stated that Western countries should be more daring in seizing Russian assets that they had frozen during the nation's full-scale invasion of Ukraine in 2022. In a piece published in the Sunday exclusive ahead of schedule to commemorate two years since the crisis began, Sunak stated that Ukraine still requires additional long-range weapons, drones, and ammunition in addition to other help.

Here's what Rishi had to say... 

"We must be bolder in hitting the Russian war economy... And we must be bolder in seizing the hundreds of billions of frozen Russian assets," he said.

Locking the Russian assets 

When meeting with Wally Adeyemo, the U.S. Deputy Treasury Secretary, last month, British Investment Minister Dominic Johnson emphasised that the seizure of frozen Russian assets had to be done in compliance with international law.

Russian invasion

When Russia invaded Ukraine in 2022, the European Union, the United States, Japan, and Canada froze almost $300 billion in assets held by the Russian state bank. A potential asset seizure as a means of holding Russia accountable for the harm its invasion of Ukraine caused has been investigated by the Group of Seven Nations.

Sunak says it to States

Additionally, Sunak asked the United States to keep supporting Ukraine militarily and financially. "We should never underestimate what America has done for Ukraine and for Euro-Atlantic security. I urge them to continue that support, and I am confident they will," he wrote in the article.

Britain's defence ministry announced 245 million pounds ($311 million) of aid to fund Ukrainian artillery ammunition on Saturday.