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Earlier plan

As well as our main proposal, we have an earlier plan for the Reparations Loan with a slightly different mechanism. The common principle in both plans is that Ukraine will receive a loan which it will only have to repay if Russia pays it reparations. The difference is where the cash comes from. Our current plan involves lending the Russian cash directly to Ukraine. The earlier plan involves the sponsoring governments making the loan. It would work as follows:

 

  • The sponsoring governments make a Reparations Loan to Ukraine.
     

  • They receive as collateral Kyiv’s claim against Moscow for reparations.
     

  • If the Kremlin refuses to pay up after the claims commission rules that Russia must pay reparations, the coalition inherits Ukraine’s claim and sets off the frozen assets against it.
     

Although we prefer our current plan, our earlier one remains a valid option. Here are links to some papers and articles on the earlier plan.

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