The Frozen Assets Dilemma: Why the City of London Is Warning Against Using Russia’s Frozen Money
This capstone article, the fourth in Telegraph Online’s series on frozen Russian assets, explains why banks and financial institutions in the City of London are pushing back against plans to use frozen Russian state money to fund loans for Ukraine. The dispute is not about morality or support for Ukraine. It is about legal ownership, court enforceability, retaliation risk, and who pays if the plan triggers lawsuits or financial instability.