GZERO World Clips
Larry Summers: Russia should pay for Ukraine
Larry Summers: Russia should pay for Ukraine | GZERO World
April 07, 2023
On GZERO World, former US Treasury Secretary Larry Summers proposes a controversial solution to help rebuild Ukraine: seize frozen Russian assets and give them to Ukraine.
Despite some concerns about the legality of this approach and the potential for similar measures to be used against other countries, Summers argues that Russia's moral debt to Ukraine justifies such a move and that it would be a more effective means of support than relying on American taxpayers.
Furthermore, he believes that setting a precedent where aggressor countries have their assets seized could discourage future acts of aggression and mitigate the damage caused by them.
Watch the GZERO World episode: The banking crisis, AI & Ukraine: Larry Summers weighs in
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