Economy

Australia called for $9 billion of Russia's "dirty money" to be given to Ukraine

australia

The Australian elite demands to confiscate $9 billion of Russian assets frozen by the Australian authorities and direct them to the financial support of Ukraine. the Sydney Morning Herald.

Prominent Australians from the Ukraine Supporters Network, which includes former prime ministers, businessmen, trade union and military leaders, as well as former diplomats, have written to Treasurer Jim Chalmers.

They urge him to consider several options for redirecting the billions of "dirty money" stashed in Australia since the introduction of sanctions against Russian oligarchs and others believed to be complicit in the invasion and occupation of Ukraine.

The group called on the government to join other countries in developing legal options for using sovereign Russian assets for the country's recovery and reconstruction, and to update its own laws to allow for the use of Russian assets.

"We are making this request to you because Australia can significantly exceed its capacity at no great cost to the Australian taxpayer." - says the letter.

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