Thread by @virtaava

Unlocking Frozen Assets: Fulfilling the Moral Obligation to Aid Ukraine

In the face of Russia's ongoing aggression and the dire situation in Ukraine, the international community has a moral obligation to take action. 1/16

The freezing of Russian oligarchs' assets by the US and its allies, coupled with the proposal to use frozen Russian state assets for the reconstruction of Ukraine, presents an opportunity to fulfill this moral duty.
consilium.europa.eu/en/press/press… 2/16

With a legal framework already established, it is time for swift and decisive execution to support Ukraine in its time of need.

A Moral Imperative 3/16

The war in Ukraine has resulted in immense suffering for its people, including internally and externally displaced persons and widespread destruction. 4/16

As Russia continues its war of aggression, it is our collective moral responsibility to alleviate the human suffering and aid in rebuilding the nation. By utilizing the frozen assets, we can provide the necessary resources to help Ukraine recover and restore stability. 5/16

Established Legal Justifications

The United Nations' recognition that Russia must bear the legal consequences of its internationally wrongful acts strengthens the foundation for action. 6/16

The precedent set by previous cases, such as Iraq's invasion of Kuwait, highlights the legitimacy of utilizing frozen assets to compensate for aggression. The legal framework is in place; now, it is incumbent upon us to execute it.
securitycouncilreport.org/atf/cf/%7B65BF… 7/16

Protecting the Victims

The victims of Russia's aggression deserve justice and support. By unlocking the frozen assets, we can ensure that those affected by the conflict receive the reparations they deserve. 8/16

The funds can be directed towards assisting internally displaced persons, rebuilding infrastructure, and supporting Ukraine's long-term recovery. This not only addresses immediate needs but also contributes to the nation's stability and prevents further suffering. 9/16

A Diplomatic and Strategic Opportunity

Utilizing frozen assets sends a powerful message to Russia and reinforces the international community's unity against aggression. By seizing these funds, we demonstrate that there are tangible consequences for unlawful actions. 10/16

It is an opportunity to exert diplomatic leverage and put pressure on Russia to reconsider its course of action. Moreover, it strengthens our position as supporters of Ukraine and as advocates for international law and justice. 11/16

Execution: Challenges and Solutions

While there may be legal complexities and concerns about the impact on financial markets, these should not deter us from executing our moral duty. 12/16

Collaborative efforts among countries, particularly the G-7, can help mitigate potential challenges. Coordinated actions, including the involvement of major currencies such as the euro and yen, can help distribute the burden and minimize the impact on the US dollar. 13/16

The Time for Action is Now

European leaders have already shown support for using frozen assets to aid Ukraine, recognizing the urgency of the situation. It is now crucial for the Biden administration and other stakeholders to follow suit. 14/16

By seizing this moment and acting decisively, we can fulfill our moral obligation to Ukraine, provide critical support to those affected by the conflict, and send a clear message to Russia that aggression will not be tolerated, 15/16

#UkraineReconstruction #UnlockFrozenAssets #MoralObligation #InternationalLaw #SupportForUkraine 16/16