Larry Summers, former U.S. secretary of the treasury and former president of Harvard University, called for the Western governments to “seize” Russian government assets held in international banking institutions to “support” Ukraine and other countries during an interview with CNN’s Fareed Zakaria aired on Sunday.
.@LHSummers says the U.S. should “seize” Russian assets held in international banks & redistribute them to Ukraine & “other nations” as well pic.twitter.com/vibKS065kh
— Tom Elliott (@tomselliott) February 27, 2023
Summers framed reparations paid by the German government to the Soviet Union after World War II as a precedent for seizure of Russian government assets.
Partial transcript below.
ZAKARIA: To build Ukraine, to build those apartment houses that have been bombed out, those cities that have been devastated, those people, millions and…