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Seized Russian Central Bank Assets May Finance Ukraine Rebuild: Banking Sanctions Update for May 15-21, 2022

In an interview published Tuesday, Germany's finance minister said he supported financing the rebuilding of Ukraine by seizing Russian state interviews.

"I am politically open to the idea of seizing foreign assets of the Russian Central Bank," said Christian Lindner in an interview with Handelsblatt. "In the case of private assets, we have to see what is legally possible. We have to respect the rule of law, even if we are dealing with Russian oligarchs."

According to Bloomberg, German Chancellor Olaf Scholz’s ruling coalition during a cabinet meeting last week agreed “Berlin would play a constructive role in debates about how to channel billions of euros to Ukraine. Sending direct national payments is another option.”

The European Union plans to present later this week proposals on financing the reconstruction of Ukraine.

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