Published: Dec 21, 2023, 23:10 IST | Updated: Dec 21, 2023, 23:10 IST
According to senior American and European officials, the Biden administration is subtly indicating that it is now in favor of seizing over $300 billion in assets that the Russian central bank has hidden in Western countries. It has also commenced urgent talks with allies about utilizing these funds to support Ukraine's war effort during a period when financial support is diminishing.