Hermitage Capital CEO Urges Use Of $300B Frozen Russian Assets To Stop Ukraine War: 'Don't Believe There's Any Chance He Is Going To Start A Nuclear War If We Confiscate His Money'
Hermitage Capital Management CEO, Bill Browder, proposed a potential solution to the ongoing Ukraine-Russia conflict. Browder suggested that the war could be halted by allocating the $300 billion in frozen Russian central bank assets to Ukraine.
What Happened: In a recent discussion with CNBC’s “Last Call” host, Brian Sullivan, Browder emphasized that Russia would emerge victorious if Ukraine exhausts its resources.
“At the end of the day, this is a war of resources. If Ukraine runs out of resources, Russia wins. One way to stop Ukraine from running out of resources is to give them the $300 billion that was frozen of Russian central bank assets,” he said.
He dismissed fears of nuclear threats from Russian leader Vladimir Putin in response to the confiscation of Russian foreign assets. Browder argued that the world has been “appeasing him by running scared” every time Putin mentions nuclear warfare.
He firmly stated, “I don’t believe there is any chance he is going to start a nuclear war if we confiscate his money.”
“Of course, we know it makes him very mad, we know that the Ukrainians need that money but we should absolutely not give in to this ridiculous nuclear blackmail.”
See Also: Chief Of Staff In Trump Aide’s Inner Circle Pleads Guilty To $1B Fraud Scheme
Why It Matters: Browder’s proposal echoes earlier sentiments expressed by European Commission President Ursula von der Leyen and U.K. Prime Minister Rishi Sunak. Both leaders have previously advocated for the use of Russia’s frozen assets to aid Ukraine, especially as Western financial aid to Ukraine has been dwindling.
However, this proposal has been met with threats of retaliation from Russia, as reported by Valentina Matviyenko, the speaker of the Russian upper house of parliament. Despite these threats, Browder insists that the world should not succumb to “this ridiculous nuclear blackmail.”
Image via Shutterstock
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