Paulb Stephan News Today

As the U.S. Congress fights over an aid package that could deliver an additional $60 billion in emergency assistance to Ukraine, some lawmakers in the United States and other large, allied democracies have their eyes on a much larger pot of potential funding: Russian central bank assets frozen in Western financial institutions. In recent weeks,…

Some European officials want to use more than $300 billion in Russian central bank assets to rebuild Ukraine. But Biden administration officials warn that diverting those funds could be illegal.

Why it would not be so smart for the US to sell seized Russian assets.

UVa law professor Paul B. Stephan was attending a meeting at Leningrad State University in 1991 when a short, cocky man entered the seminar room and started to dominate the