The G7 plans to keep these assets immobilized until Russia stops its aggression and pays for the damage.
The Group of Seven (G7) countries plan to preserve frozen Russian sovereign assets after the war in Ukraine. This was reported by the Japanese publication Nikkei, citing several sources in the G7, including senior EU officials.
G7 leaders will issue a statement on this this month. It will say that the sovereign assets of the Russian Federation will be frozen until it compensates for the damage caused by Ukraine.
“We… reaffirm that Russia’s sovereign assets in our territories will remain inert until Russia stops its aggression and pays for the damage it has caused to Ukraine,” the leaders’ draft statement said prepared by Italy.
The bloc of countries also guaranteed a $50 billion loan to Kyiv.
We remind you that the United States is ready to provide Ukraine with up to $20 billion as part of a loan from the G7, which will be repaid with revenues from Russia’s fixed assets. But now there is no final decision.
Britain will allocate almost $3 billion to Ukraine from the fixed assets of the Russian Federation
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.