G7 and Allies Move Closer to Using Frozen Russian Assets for Ukraine
TL;DR Summary
G7 finance ministers reported progress but no final agreement on using frozen Russian assets to support Ukraine during their meeting in Stresa, Italy. They discussed potential avenues to utilize the assets, facing legal and technical challenges, and aim to present a proposal at the G7 leaders' summit next month. The EU has approved using interest from frozen Russian assets, potentially generating €3 billion annually for Ukraine. The US proposed a loan facility backed by future interest from these assets, which could raise $50 billion for Kyiv.
- G7 makes 'progress,' but no deal on Russian assets for Kyiv DW (English)
- Europe still unsure over US plan on Russian assets to pay for Ukraine POLITICO Europe
- U.S., allies take key step toward funding Ukraine with Russian assets The Washington Post
- G7 aims to use frozen Russian assets to help 'desperate' Ukraine Reuters.com
- The West is tapping Russian money to arm Ukraine. Much more could follow CNN
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