Finding money for Ukraine: the return of a Cold War financial tool

Dominique Chabert and Frédéric Jouneau
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Dominique Chabert: GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne - EM - EMLyon Business School - CNRS - Centre National de la Recherche Scientifique, UL2 - Université Lumière - Lyon 2
Frédéric Jouneau: GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne - EM - EMLyon Business School - CNRS - Centre National de la Recherche Scientifique, UL2 - Université Lumière - Lyon 2

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Abstract: To eventually finance reparations, economic recovery, and especially the war effort in Ukraine, the European Union and G7 leaders seem agreed on using the windfall interest from Russian assets frozen by sanctions. But how? To understand, we need to look at players little known to the general public, write the authors of this article. These are the International Central Securities Depositories, or ICSDs. Born of the Cold War, they are back once again at the heart of geopolitical tensions.

Date: 2024-06-18
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Published in 2024

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04767028

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