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Larry Summers: Russia should pay for Ukraine

April 07, 2023

GZERO Staff

Larry Summers: Russia should pay for Ukraine | GZERO World

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On GZERO World, former US Treasury Secretary Larry Summers proposes a controversial solution to help rebuild Ukraine: seize frozen Russian assets and give them to Ukraine.

Despite some concerns about the legality of this approach and the potential for similar measures to be used against other countries, Summers argues that Russia's moral debt to Ukraine justifies such a move and that it would be a more effective means of support than relying on American taxpayers.

Furthermore, he believes that setting a precedent where aggressor countries have their assets seized could discourage future acts of aggression and mitigate the damage caused by them.

Watch the GZERO World episode: The banking crisis, AI & Ukraine: Larry Summers weighs in

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Larry Summers: Russia should pay for Ukraine

Watch the GZERO World episode: The banking crisis, AI & Ukraine: Larry Summers weighs in

GZEROMEDIA

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Larry Summers: Russia should pay for Ukraine

Watch the GZERO World episode: The banking crisis, AI & Ukraine: Larry Summers weighs in

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The International Monetary Fund and World Bank released their much-watched World Economic Outlook on Tuesday, projecting that the world economy will grow by 3.2% in 2025 as inflation cools to an average of 4.3%.

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Subscribe to GZERO Media's newsletter: Signal

For an “isolated” world leader with a global arrest warrant to his name, Vladimir Putin is throwing a pretty decent party this week. Russia is hosting a summit of the BRICS+, a loose grouping of Global “South” countries led by Brazil, Russia, India, China, and South Africa.

BRICS Summit: A "new world order" or already a relic of the past? Is Sinwar's death the beginning of the end of the war in Gaza? Yankees versus Dodgers. Who's winning? Ian Bremmer shares his insights on global politics this week on World In :60.

The US Commerce Department is looking into whether Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, is — knowingly or unknowingly — producing computer chips for the Chinese technology giant Huawei.