Since the beginning of the Ukraine War in February 2022, the European Union (EU) has had powerful leverage against Russia – Moscow’s roughly USD 300 billion foreign exchange reserves invested in Western financial institutions. These Russian assets were frozen as soon as the Russian invasion began. The EU wanted to utilise these funds as an … Continue reading Will Russia’s ‘Frozen Billions’ Fuel Ukraine’s War Efforts? EU’s $165B Scheme Tests Putin’s Resolve