Summary of How frozen Russian assets are being tapped to help Ukraine
Ukraine is set to receive aid from Russia, despite being at war with the country. This aid comes from frozen Russian assets held by the US and its allies, totaling over $280 billion. The G7 nations plan to take out a $50 billion loan using the profits from these assets to provide upfront assistance to Ukraine. However, Hungary is hesitant to unlock these funds due to its reliance on Russia for energy. Critics argue that using frozen assets could set a dangerous precedent and undermine investor confidence. President Putin of Russia views this as theft and vows that it won't go unpunished.
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