G7 plan to use Russia’s frozen financial assets to help Ukraine fund the war: an economist weighs up the risk and rewards

By Sambit Bhattacharyya, Professor of Economics, University of Sussex Business School, University of Sussex

The human tragedy of the Ukrainian conflict continues unabated inflicting enormous suffering on its people. Western policy since the onset of conflict has been to impose economic restrictions and political pressure on Russia and offer military assistance to Ukraine.

These policies have taken the form of numerous economic sanctions, attempted political and diplomatic isolation, and transfer of armaments to Ukraine. Some examples of sanctions introduced…

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