Switzerland: Grabbing $300 billion of Russian assets is no panacea, West cautions in Davos
DAVOS, Switzerland, Jan 17 (Reuters) - Western officials said in Davos on Wednesday they were open to the idea of confiscating $300 billion of Russian assets to help Ukraine, but cautioned that the devil was in the legal detail and that, even if it could be done, it would be no panacea for Kyiv.
After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West.