September 21, 2023
The West won’t seize Russia’s reserves any time soon. Here’s what it can do with the funds instead.
For eighteen months, half of Russia’s six hundred billion dollars in foreign exchange reserves have been out of the Kremlin’s reach. The coordinated blocking by Group of Seven (G7) powers and like-minded capitals has worked to this extent. But the debate concerning how to put the funds to good use remains unresolved. Influential voices have