The United States and its Western allies took a key step Saturday toward using frozen Russian assets to fund Ukraine’s war effort, moving closer to providing another key financial stream for Kyiv.

Russian officials have suggested they could retaliate by confiscating U.S. and European assets in Russia, although it’s unclear how much impact such measures could have.

Source link: https://www.washingtonpost.com/business/2024/05/25/russia-assets-ukraine-yellen/