Antony Blinken: EU and US need legal frameworks to seize Russian assets

"It's about $300 billion, and most of it actually in Europe, not in the United States"

by Sead Dedovic
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Antony Blinken: EU and US need legal frameworks to seize Russian assets
© Leigh Vogel / Getty Images News

The interesting proposal made by U.S. Secretary of State Antony Blinken caused anger among the Russians. In order to rebuild Ukraine and solve certain problems, Blinken wants to use Russian assets abroad. Russians must pay for their actions, according to Blinken.

"My own view is you broke it, you bought it. And so the Russians having broken it, they ought to pay for it. And one way to do that would be through the use of these assets," Blinken said. Antony is willing to explore the legal avenues that will help him achieve his goal.

Having a legal basis is crucial. "It's about $300 billion, and most of it actually in Europe, not in the United States. So we're looking at what legal authorities we may have, the Europeans may have, to actually use those assets for Ukraine ...

We have to make sure that there is a legal basis to do that. And as I said, since most of the assets are in Europe, Europeans also have to be convinced that there's a basis to do it."

Antony Blinken

Blinken is aware of the kind of ruler Vladimir Putin is.

The psychological profile of the Russian leader is quite 'interesting' He is a leader who has no particular empathy. Anything he can do to reach his goals is acceptable to him. It would be the most humiliating experience for him to lose.

Blinken believes that constant support for Ukraine sends a clear message to the Russians that Europe and the world won't abandon Ukraine. "One of the things that we think President Putin believes is that he can outlast us; he can outlast the Ukrainians; he can outlast the support that Ukraine is getting.

And it's very important that we disabuse him of that notion, because that's actually the quickest path to having this resolved, having an end to the aggression, having a just and durable peace. No one wants that more than the Ukrainian people. They're the ones on the receiving end of aggression," Blinken said.

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