Finance & economics | Conflict finance

Frozen Russian assets will soon pay for Ukraine’s war

And America now hopes to convince others to make better use of the stash

Ukrainian demonstration requesting the frozen assets of the Russian Central Bank
Photograph: Getty Images

After Russia destroyed the Trypilska power plant on April 11th, Ukraine blamed a lack of anti-missile ammunition. The country’s leaders are also desperate for more financial support. The two shortages—of ammunition and money—reflect different constraints among Ukraine’s allies. Whereas the lack of ammunition is mostly the product of limited industrial capacity, the lack of money is the product of limited political will.

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This article appeared in the Finance & economics section of the print edition under the headline “Drip into torrent”

From the April 20th 2024 edition

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