Ukrainian President Volodymyr Zelenskyy used his Friday nightly video message on May 20, to demand that Western nations set up a formal mechanism for appropriating “seized” Russian assets abroad (like the $300-plus billion in Russian foreign reserves held in foreign banks), and handing them over to his government for “reparations” and “reconstruction.” “We invite partner countries to sign a multilateral agreement and create a mechanism ensuring that everybody who suffered from Russian actions can receive compensation for all losses incurred,” he said in a video address. In nations that sign such a deal, Russian funds and property would be confiscated, before being directed to a special compensation fund.