Finance & economics | Conflict finance

Frozen Russian assets will soon pay for Ukraine’s war

And America now hopes to convince others to make better use of the stash

Ukrainian demonstration requesting the frozen assets of the Russian Central Bank
Photograph: Getty Images

After Russia destroyed the Trypilska power plant on April 11th, Ukraine blamed a lack of anti-missile ammunition. The country’s leaders are also desperate for more financial support. The two shortages—of ammunition and money—reflect different constraints among Ukraine’s allies. Whereas the lack of ammunition is mostly the product of limited industrial capacity, the lack of money is the product of limited political will.

Explore more

This article appeared in the Finance & economics section of the print edition under the headline “Drip into torrent”

From the April 20th 2024 edition

Discover stories from this section and more in the list of contents

Explore the edition

Discover more

illustration of a stern-faced man in a suit with a green tie, set against a bright green background. A small building with a flag is depicted in the pocket of his suit

The great-man theory of Wall Street

Why finance is still dominated by bold individuals

Hong Kong’s property slump may be terminal

Demographics and geopolitics will make a recovery harder


A float is inflated in preparation for the Macy's Thanksgiving Day Parade.

Why everyone wants to lend to weak companies

An unanticipated side-effect of Donald Trump’s election victory


American veterans now receive absurdly generous benefits

An enormous rise in disability payments may complicate debt-reduction efforts

Why Black Friday sales grow more annoying every year

Nobody is to blame. Everyone suffers

Trump wastes no time in reigniting trade wars

Canada and Mexico look likely to suffer