Confiscating the funds would shock Putin, help Ukraine, and take advantage of disillusionment in the US economy

Ukraine needs more than long-range missiles and fibre-optic drones in its fight with Russia. What it needs is more money, and lots of it.

In particular, the war-torn nation should be handed the €300bn (£250bn) of frozen Russian assets stored mostly in accounts hosted by the Euroclear trading system.