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Al Jazeera
Al Jazeera
World
John Psaropoulos

Should Russia pay Ukraine to rebuild – or even to defeat its own invasion?

Russia Ukraine European Union United States Al Jazeera Tymofiy Mylovanov RIA
A Ukrainian tank drives down a street in the heavily damaged town of Siversk, Ukraine, near the front lines with Russia on January 21, 2023 [Spencer Platt/Getty Images]

Within days of invading Ukraine in February 2022, Russia lost control of the assets its central bank held in foreign currencies abroad.

Some $300bn was frozen in the European Union, United States, United Kingdom, Canada and Japan – about half the bank’s holdings – as Ukraine’s allies sought to hobble Russia’s ability to wage war.

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