The US and Ukraine will insist on European confiscation of the accrued interest on frozen Russian assets.

This week in Luxembourg, US Treasury Secretary Janet Yellen intends to encourage European officials to take concrete steps to confiscate accrued interest on $200B that Russia keeps in European banks.

At the same time, the Biden administration is also looking for other non-traditional methods of financial support for Ukraine against the background of problems with Congressional approval of new aid programs.

As the head of the NBU, Andriy Pyshnyi, stated, the issue of weakening Russia’s financial capabilities should be approached from different angles. New tools should be added, particularly the possibility of using revenues from frozen assets to reconstruct Ukraine.

“It is necessary to act from all sides: through the application of new sanctions, the removal of the Russian Federation from the international financial market, and the termination of its membership in international organizations,” Pyshnyi said.