Western governments are drawing up plans to issue debt to help fund Ukraine, using Russian assets as a backstop for the repayment in a move that would force Moscow to start paying for its invasion.
Under the plans, Kyiv’s allies could raise debt to fund the war-torn country. The coalition supporting Ukraine would demand that Russia repays the debt and, if it fails to do so, would seize frozen Russian sovereign assets instead, according to officials familiar with the discussions,
The Belgian government has circulated the plans to G7 nations, several officials with knowledge of the proposals told the Financial Times. Officials from two G7 nations said that it was now a leading option to unlock the frozen funds for Ukraine.
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