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US eyes frozen Russian assets to fund war effort rather than rebuild Ukraine, NYT reports

Support in Western nations for spending almost $300 billion in frozen Russian assets on Ukraine is increasing, but diplomats and policymakers are now quietly considering using that money to fund the war effort rather than reconstruction, the New York Times reported.

The Biden administration is discretely calling on allies in the UK, France, Germany, Italy, Canada and Japan to agree on a plan for the frozen assets by Feb 24, the second anniversary of the full-scale Russian invasion of Ukraine, and the discussions now include possible military uses.

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