Perspectives

OPINION: Use it or lose it: Europe’s moment of truth to make Russia pay for its war

Of the $300 billion in Russian foreign reserves frozen in the West, over two-thirds are immobilized under EU jurisdiction. Photo: Thierry Monasse/Getty Images
Of the $300 billion in Russian foreign reserves frozen in the West, over two-thirds are immobilized under EU jurisdiction. Photo: Thierry Monasse/Getty Images

The EU faces both a financial and moral disaster if frozen assets are returned to Russia.