President says violating property rights would set dangerous precedent and needed legal justification
Ukrainian plans to seize as much as $500bn in frozen Russian assets to fund the country’s recovery have met firm resistance from Switzerland, the hosts of an international two-day Ukraine recovery conference.
The Swiss president, Ignazio Cassis, pushed back on the plan, saying protection of property rights was fundamental in a liberal democracy. He underlined at a closing press conference the serious qualms of some leaders that proposals to confiscate Russian assets will set a dangerous precedent and needed specific legal justification.
