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How will Russia officially respond to the use of its frozen assets by end of 2024?
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United States•European Union•Russian•Ukraine•G7•Donald Trump•White House•European G7•US•Janet Yellen•European•Russia•Germany•The New York Times•EU
Resolution / Starting Odds
No official response • 25%
Diplomatic negotiations • 25%
Retaliatory sanctions • 25%
Legal action against the G7 • 25%
Statements from Russian government officials or major global news organizations
Story
US, EU Move Closer to Using €30 Billion in Frozen Russian Assets to Trump-Proof Ukraine Aid
May 21, 2024, 06:35 AM
The United States and European Union are moving closer to using frozen Russian assets to support Ukraine, with discussions centering on a €30 billion loan. G7 finance ministers are set to debate the legality of using €270 billion in frozen Russian state assets as collateral. The initiative aims to secure funding for Ukraine before a potential return of Donald Trump to the White House, effectively 'Trump-proofing' the aid. European G7 members are warming to the US plan following a diplomatic push. US Treasury Secretary Janet Yellen has been actively involved, urging European banks to comply with sanctions against Russia and exploring new ways to reduce Russia's revenues. Germany has expressed readiness to support the US plan, which also includes a $50 billion loan package for Ukraine. The New York Times reported on the US and EU's movement towards utilizing Russian assets.
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Diplomatic negotiations • 25%
Retaliatory sanctions • 25%
Legal actions • 25%
No significant response • 25%
Assets remain frozen • 50%
Assets partially unfrozen • 25%
Assets fully unfrozen • 25%
Retaliatory sanctions • 33%
Diplomatic negotiations • 33%
No significant response • 33%
Retaliatory economic measures • 50%
No significant response • 50%
Condemnation without action • 33%
Economic sanctions • 33%
Legal proceedings • 34%
Accepts declaration • 25%
Negotiates terms • 25%
Rejects declaration • 25%
No official response • 25%