HomeEconomyRussian assets: the G7...

Russian assets: the G7 is looking for a new option for financing Ukraine

Image: Getty Images

G7 representatives held a meeting in Italy, where they discussed new ways to use the proceeds from Russia’s foreign exchange reserves.

Money received from Russian financial assets frozen in Europe will soon begin to flow to Ukraine, which will give strength to the resistance to the advance of Russian occupation forces. This was said by the American television channel CNN.

Officials from the Group of Seven countries met in the Italian city of Stresa to discuss new ways to use the proceeds from some 260 billion euros ($282 billion) of frozen Russian foreign exchange reserves. of Western countries after the massive invasion of Ukraine in 2022.

Italy’s Economy Minister Giancarlo Giorgetti said there had been progress on key issues. However, there remain several legal technical issues that have not yet been resolved.

A proposal that would give Ukraine a loan of up to $50 billion, using future earnings from Russian assets in the European Union as collateral, has received widespread support among US and EU officials.

G7 finance ministers hope to agree on next steps, which could be witnessed through signatures when US President Joe Biden and other leaders gather for a summit in Italy next month.

The plan does not include a full asset freeze because the EU is concerned it would discourage other countries from keeping their assets in the bloc.

As we have already written, the Russian dictator Vladimir Putin has authorized the confiscation of the property of the United States, American citizens, residents, companies operating primarily in the American market, and companies owned by them. pay compensation for confiscated assets of the Russian Federation.

Ukraine will soon receive funds from income from Russian properties

New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The President signed the Law on 50% of the Motagrass for Veterans

The President of Ukraine signed a law that reduces the cost of a motorcycle by 50% for veterans and persons with disabilities as a result of the war (No. 4369-IX). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...

GBI was struck by anger, the requirement of short -term reconciliations of SOC without Boytsov’s order

Employees of the State Bureau of Investigations exposed military personnel in the Nikolaev area, who demanded that the military left some of the military in exchange for returning to the service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height:...

In Priluki, the Cisland arrived at the post of drone in his house, where he was killed

The rescuer arrived in Pryluky to eliminate the effects of a drone that fell into his house, where his family was killed. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...