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Trump Can Make Russia Pay to Rebuild Ukraine

Trump Can Make Russia Pay to Rebuild Ukraine

The West has frozen $300 billion of Moscow’s assets, but Europe has stood in the way of using them

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Niall Ferguson
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Jan 17, 2025
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Niall Ferguson's Time Machine
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Trump Can Make Russia Pay to Rebuild Ukraine
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The key to securing Europe at less cost to U.S. taxpayers may be sitting in European bank accounts. The West has frozen around $300 billion of Russian foreign-exchange assets, but European obstinacy has prevented these funds from being used to compensate Ukraine for war damages. President-elect Trump should insist that the Kremlin’s reserves be mobilize…

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A guest post by
Chris Miller
Chris Miller is author of Chip War: The Fight for the World’s Most Critical Technology, a New York Times bestseller, a professor at the Fletcher School and a nonresident senior fellow at the American Enterprise Institute.
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