90% of funds would go towards Ukraine's military efforts.
Conflict between Ukraine and Russia continues to escalate, with Kherson under increasing attack.
EU and US to transfer billions of dollars worth of frozen Russian assets to Ukraine for military aid and rebuilding.
EU approved plan to hand over profits from these assets, potentially providing up to €3 billion ($3.3 billion) this year.
Harvard Professor Laurence Tribe published legal treatise endorsed by top scholars supporting seizure of Russia's frozen assets as reparations for Ukraine's rebuilding.
US pushing for $50 billion aid package at G-7 finance ministers meeting.
The European Union and the United States have announced plans to use billions of dollars worth of frozen Russian central bank assets to aid Ukraine in its ongoing conflict with Russia. The EU approved a plan on May 21, 2024, to hand over the profits generated from these assets to Ukraine, potentially providing up to €3 billion ($3.3 billion) this year. Czech Foreign Minister Jan Lipavsky announced the decision and stated that 90% of the funds would go towards Ukraine's military efforts.
The US is also pushing for a deal at the upcoming G-7 finance ministers meeting, which could unlock an aid package worth up to $50 billion for Ukraine. The French government has expressed its support for this proposal.
Harvard Professor Laurence Tribe published a legal treatise in 2024 endorsed by hundreds of top international law scholars and leading economic, diplomatic, and policy voices that supports the seizure of Russia's frozen assets as reparations for Ukraine's rebuilding. The Repo Act was passed by Congress in 2014, allowing the President to unilaterally confiscate these assets.
The EU has had over €20 billion ($21.7 billion) of Russian central bank funds frozen since February 2022, following Russia's invasion of Ukraine. The profits generated from these assets since February 15, 2024, will be handed over to Ukraine under the EU's plan.
The conflict between Ukraine and Russia continues to escalate, with Kherson under increasing attack. Western governments have been urged to seize Russia's frozen assets as a means of providing financial support for Ukraine without burdening U.S. or European taxpayers.
Harvard Professor Laurence Tribe published a legal treatise supporting the seizure of Russia’s frozen assets, which was endorsed by hundreds of top international law scholars and leading economic, diplomatic, and policy voices.
The Repo Act was passed by Congress allowing the President to unilaterally confiscate frozen Russian sovereign assets.
Ukraine's rebuilding should be paid for by Russia as reparations, rather than by U.S. or European taxpayers.
Accuracy
Western governments have not seized Russia’s $300 billion frozen assets despite public support for it.
The European Union is expected to adopt a plan to use the interest income on frozen Russian assets to fund Ukraine.
Seizing Russian assets will not trigger financial crises or economic disasters.
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(95%)
The author makes an appeal to authority by citing the endorsements of hundreds of top international law scholars and leading economic, diplomatic, and policy voices. He also uses inflammatory rhetoric by stating that 'inaction is an illusion: it would represent a cowardly decision to appease and to encourage further aggression around the world.'
hundreds of top international law scholars across the world as well as leading economic, diplomatic, and policy voices including Lawrence Summers, Phillip Zelikow, and Robert Zoellick endorsed Harvard Professor Laurence Tribe's legal treatise on seizing Russia's frozen assets.
inaction is an illusion: it would represent a cowardly decision to appease and to encourage further aggression around the world.
The European Union approved a plan to hand Ukraine the profits generated by frozen Russian central bank assets.
Czech Foreign Minister Jan Lipavsky announced that Ukraine could receive up to €3 billion (about $3.3 billion) this year.
Russia’s central bank assets, worth over €20 billion (about $21.7 billion), have been frozen in the EU since February 2022.
Ukraine will receive net profits generated from February 15 onward under the plan.
Some €557 million (about $605 million) has been generated from these assets since that date.
Accuracy
Kyiv will receive funds twice a year under the plan.
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(95%)
No ad hominem attacks or personal insults were made by the author. However, there are a few instances of inflammatory rhetoric and appeals to authority. The article mentions Russia's deputy foreign minister warning that confiscating frozen Russian assets could sever diplomatic relations between Moscow and Washington, but does not present any counterarguments from other sources.
Sergei Ryabkov, Russia’s deputy foreign minister in charge of ties with the United States, nonproliferation, and arms control, warned in December that the confiscation of frozen Russian assets could sever diplomatic relations between Moscow and Washington.
Contributor/Getty Images Views Sergei Ryabkov...
Russian President Vladimir Putin at a press conference in Harbin, China, on May 17.
