Summers: Fund Ukraine Rebuilding with Seized Russian Assets, Not US Budget

Former Treasury Secretary Larry Summers says funding Ukraine's needs would be financially and politically detrimental for the US budget.

Instead, Summers suggests using frozen Russian assets to help Ukraine build a viable economy and "win the peace."

Hundreds of billions in Russian assets were frozen by the West in response to the invasion of Ukraine.

Summers believes taking over the Russian funds should be achievable.

Using Russian assets would free up the US budget for other priorities like climate change, amid Summers' concerns about unsustainable deficits.