
Opinion: Estonia leads the charge on using frozen Russian assets
Estonia’s parliament enacted a law on May 15 enabling the use of frozen Russian assets to compensate Ukraine for the damages caused by Russia’s war. Kyiv and its Western allies have discussed using around $300 billion in Russian assets held in Western accounts to support Ukraine. As of October 2023, the Estonian government estimated having 38 million euros ($41.3 million) in frozen Russian assets.
“We will adopt this law because Ukraine’s victory is our victory,” Hendrik Johannes Terras, the ch