Russia tries to unfreeze gold reserves for climate funds at COP28

[Collection]Russia is considering using its frozen gold reserves to fund the climate damage fund at the COP28 summit. The move aims to bridge the gap between developed and developing countries in addressing climate change. Russia's frozen reserves, amounting to over $300 billion, were seized by the West after the country invaded Ukraine. Kyiv hopes that these assets can be used to rebuild the country, but legal questions and potential consequences complicate the matter. "It is a step dictated by the need to close the gap between developing and developed countries."