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War on the Rocks

The Case for Seizing $300 Billion in Russian State Assets

War on the Rocks

War on the Rocks

News, Politics

4.61.1K Ratings

🗓️ 4 January 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

In the last few days of 2023, the United States proposed that working groups from the G7 explore ways to seize $300 billion of Russian state assets. Given the news, we are re-releasing a members-only podcast with Philip Zelikow, a senior fellow at Stanford University's Hoover Institution, which was recorded and released on Dec. 19, 2023. Aaron and Philip discussed the legal grounds to seize Russian assets held in Western banks, Moscow's potential retaliatory options, and whether a seizure would be escalatory.

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Transcript

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0:00.0

Hi everybody, Aaron Stein here, Chief Content Officer at War on the Rocks, and what follows is a sneak preview of one of our members only podcasts.

0:08.0

Unspent Rounds, where on this one I sat down with Philip Zeliko to talk about the feasibility and the legality of seizing Russian

0:15.5

assets and the reason we're doing this is one to give you all a sneak preview

0:19.5

of what it is that you can get if you become a member at War on the Rocks, but two because of the

0:24.6

news that the United States has put forward a G7 plan to seize 300 billion in Russian

0:30.8

assets. And with that, let's kick the intro music and get going.

0:34.5

Have you ever been talking to someone so interesting that you didn't want the

0:42.0

conversation to end?

0:43.8

Welcome to Uncent Rounds, a members-only podcast from War on the Rocks that features interesting

0:48.1

conversations with interesting people.

0:50.7

It's hosted by me, Aaron Stein, Chief Content Officer, and my friend Ryan Evans, founder of War on the

0:56.4

Rocks.

0:57.4

Let's get to it.

0:58.4

Hello and welcome to Unspent Rounds, where today I'm talking with Philip Zeliko, who is a senior fellow at Stanford University's Hoover Institution.

1:05.6

Philip, it's good to have you on the show.

1:07.0

Glad to be with you.

1:08.0

So the reason I wanted to have you on today is that there has been a lot of talk and I think a lot of chatter about what to do with

1:16.1

Russian assets that are stored in Western banks. This is I think going to become more salient as people start to grapple with the challenges of yet another winter at war.

1:27.0

There was a recent foreign policy piece, you know, basically pointing out that not a lot of people have thought about this.

1:34.0

And I think your retort in an email was a lot of people have actually thought about this,

1:38.0

which is the challenges, what's doing them, and all of that stuff.

1:40.0

So perhaps I can tee you up right there. What do you think about

...

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