Head of Hermitage Capital: using Russian assets to rebuild Ukraine is "insurance against Donald Trump"
He warned that Trump, if he wins, is going to cut Ukraine off from funding
Donald Trump is the elephant in the room at Davos this year, especially after his landslide victory in Iowa earlier this week.
That's why Bill Browder, CEO of Hermitage Capital Management and a longtime Kremlin critic, said today that the possibility of Trump returning to the White House should encourage politicians to use confiscated Russian assets to finance Ukraine's rebuilding this year.
Speaking at an event at Ukraine House in Davos, Browder said:
"Donald Trump said he was going to solve the Ukrainian crisis in one day. What does that mean? He's going to cut Ukraine off from funding," the financier said.
"I would argue that, putting aside all these subtleties, the confiscation of $350 billion can be an insurance policy in case Donald Trump wins. This should be done before the US election so that if that happens, Ukraine can continue to defend itself and win," he said.
Browder added: "It's the right thing to do from a moral, political and financial point of view. But I don't think we can do it unless we all do it together."
Background. As a reminder, British Foreign Secretary David Cameron said that Britain is working "very hard" to use Russian assets to rebuild Ukraine.
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