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After Russia invaded Ukraine in 2022, the G-7 nations froze roughly $300 billion in Russian assets. According to international law, Ukraine has a right to claim reparations for war damages. Accessing these funds is problematic, however, as only Ukraine has a claim against Russia, while the G-7 are stewards of the frozen assets. In this thoughtful proposal, finance professionals Hugo Dixon, Lee C. Buchheit and Daleep Singh examine the mechanics of a “syndicated reparation loan” and its efficacy in assisting Ukraine. Readers will find this an instructive look at the role of finance in geopolitics.
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About the Authors
Hugo Dixon is Commentator-at-Large for Reuters. Lee C. Buchheit is Professor (Hon.) at the University of Edinburgh Law School. Daleep Singh is a former US Deputy National Security Adviser for international economics.
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