It is possible to help Ukraine, make Russia pay for the war—and uphold international law. Here’s how
The moral case to make Russia pay is obvious. It has waged war without provocation, without regard to civilian lives and in frequent violation of international law. The damage to Ukraine has been vast: the cost of
What to do? The best approach involves three steps. The first is to seize the income that the Russian assets generate and hand it over to Ukraine. Euroclear, a Belgian clearing house and depository that holds almost $225bn of frozen Russian assets, makes profits from investing them. Taxing those at a 100% rate could generate over $3bn per year, and is legal.
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