Biden Set To Reheat Frozen Russian Assets and Serve Them to Ukraine, but a European Buy-In Looks Unlikely
A Senate committee has passed by a 20-to-1 vote a measure to enable the scheme, as Congress balks at aid.
There has been a hot topic in various capitals for months, and now Washington is putting its foot on the gas: It is getting ready to unfreeze about $60 billion in Russian assets and hand them over to Ukraine. Billions of dollars more in Russian assets are held by the European Union, signaling more time-consuming twists and turns, but this peculiar game of international fiscal gymnastics is definitely on.
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