Will US seize Russian assets after Navalny killing?
The White House is promising tough new sanctions on Russia after the murder of opposition leader Alexei Navalny, but the test of seriousness will be whether President Biden is willing to seize Russia’s sovereign assets and transfer them to Ukraine.
Mr. Biden and Western nations have been reluctant to confiscate the $300 billion or so in Russian reserve funds parked in Western financial institutions. They were frozen when Russia invaded, but there they sit two years later collecting dust and interest. It’s almost as if Mr. Biden and German Chancellor Olaf Scholz imagine that the money might be an inducement for Vladimir Putin to negotiate a peace deal and rejoin the civilized world.
But there are no signs that Mr. Putin will settle for a peace short of Ukraine’s capitulation. His forces are on the offensive again, driving Ukrainians from the city of Avdiivka in the last week. With Ukrainians running low on artillery shells and other ammunition, Russia’s tactic is to saturate territory with days of artillery and aerial bombardment and then move in with infantry when nothing is left.
A broader Russian breakthrough can’t be ruled out. The more territory Mr. Putin takes, the harsher his terms are likely to be.
...
Ukraine appears to be running out of troops and weapon systems in its fight with Russia and Russia is also running low on its own weapon systems buying rockets from North Korea and now Iran. The exchange of fire of the two sides looks reminicient of World War I with both sides also relying on trenches to protect their troops.
Comments
Post a Comment