Russia

Russia is devising a legal challenge to stop efforts by the US and Europe to use some of its USD 300 bln to fund the reconstruction in Ukraine. The Bank of Russia is currently nearing an agreement with international law firms to represent the country’s interests in case of a court showdown. The issue is also in the spotlight with political divisions in the US and the European Union holding up more than USD 110 bln in aid to Ukraine. The UK did pledge another USD 3bln in military aid to the country.