Kyiv is eyeing some $500 billion in frozen Russian assets, but Western partners face a myriad of obstacles.
Ustenko said nascent seizure efforts are"very encouraging," adding:"We believe this process has to move as fast as possible."that Russia's wealthiest should bear some of the burden."The ones who are directly collaborating with the Putin regime, they—to me—are the same," he said."They're associated with this evil state, and I think that their assets should be seized as well.
In December 2022, Canada became the first G7 nation to attempt to seize frozen Russian assets. Ottawa began proceeds to seize $26 million from Granite Capital Holdings Ltd., a company owned by oligarch Roman Abramovich who was sanctioned by Canada soon after the invasion began. "Putin's oligarchs are complicit in Russia's illegal and barbaric invasion of Ukraine," said Finance Minister Chrystia Freeland—who is also said to be among the frontrunners to become the nextThe outcome of the Canadian case, Shagina said, is important in setting a precedent. But the real money is across the border to the south. There, the U.S. has frozen some
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