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July 31, 2023
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Why Europe’s move to make Russia pay for Ukraine’s reconstruction won’t be easy

Source: firstpost.com firstpost.com
Key Topics in this News Article:
Austria Belgium Biden Chinese Congress Currency diplomacy Dollar Economy Europe European Finance ICJ Italy Law Moscow National Security Nazi New York Poland Renminbi Russia Sanctions Signal Ukraine Ursula von der Leyen
News Snapshot:
The United States and Europe have wrestled for months with the question of how to pay for Ukraine’s reconstruction from the war. As Russia pounds cities, factories and infrastructure in Ukraine, the estimated costs have swelled to $500 billion (Rs 41.10 lakh crore), with some experts citing numbers as high as $1 trillion. One solution seemed brilliant in its simplicity: What better way to foot the bill, and to make a moral point, than to make Russia pay? But that has proved far more difficult than first imagined, and it appears less and less likely. Experts warn that it would...
Note: Please don’t mind the mess. Some source code may appear in the Snapshot above as we train our A.I.
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