BRUSSELS — Because the earliest weeks of Russia’s conflict in Ukraine, Western allies have debated learn how to make the Kremlin pay. On Tuesday, the European Union made a precedent-setting transfer, formally agreeing to make use of windfall income from frozen Russian property to purchase arms for Kyiv.
That will quantity to about $3 billion within the first yr. Within the context of the roughly $300 billion in frozen Russian property — or the cash Ukraine says it wants — it’s a tiny quantity. But it surely represents an progressive first step as allies strive to determine how they could use frozen property with out inviting authorized challenges or undermining belief of their monetary techniques.
