“While Russia cannot fully compensate Ukraine for the devastation it has wrought, it should, at a minimum, pay for the physical damage and cover the costs of reconstruction,” write Nobel laureate Joseph Stiglitz and economist Andrew Kosenko.

“When an individual commits a tort – an act that harms another person – they are obligated to provide compensation. Often, individuals’ assets are seized to ensure that they fulfil this obligation. The same principle applies to countries.”