Frozen Russian assets will soon pay for Ukraine’s war
And America now hopes to convince others to make better use of the stash
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”
Finance & economics April 20th 2024
- Generation Z is unprecedentedly rich
- Why the stockmarket is disappearing
- China’s better economic growth hides reasons to worry
- Frozen Russian assets will soon pay for Ukraine’s war
- Even without war in the Gulf, pricier petrol is here to stay
- Citigroup, Wall Street’s biggest loser, is at last on the up
- Can the IMF solve the poor world’s debt crisis?
From the April 20th 2024 edition
Discover stories from this section and more in the list of contents
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An interview with the boss of UniCredit
Why economic warfare nearly always misses its target
There is no such thing as a strategic commodity
A tonne of public debt is never made public
New research suggests governments routinely hide their borrowing
Xi Jinping’s belated stimulus has reset the mood in Chinese markets
But can the buying frenzy last?