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Ukraine pushes forward with war compensation mechanism, despite lack of funding
The estimated price tag for the damage caused to Ukraine by Russia's full-scale invasion is $1 trillion.
[...]
Funding [sic] for such mechanisms has historically been tricky.
How the US pay war reparations to Viet Nam
How Japan and France evaded war reparations to Viet Nam
How Monsanto paid for loss and damages in Viet Nam
What if Euroclear offered Russia a checking account with a free toaster?
[...]
Last month, however, Ukraine won a small victory. Brussels announced it would hand over the profits from those frozen assets—the interest earned on money in a bank account, for example—to a special fund for Ukraine. The estimated 3 billion euros ($3.2 billion) per year will reimburse EU member states for weapons and ammunition they send to Ukraine, but might in the future help Ukrainians rebuild their homes and lives.
by Cat on Tue Jun 18th, 2024 at 09:43:54 PM EST
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