G7 countries are looking for a legal solution to use frozen Russian money.
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This was reported by the Voice of America with reference to the US special representative for economic recovery in Ukraine Penny Pritzker.
According to Pritzker, there is great hope that the frozen assets of the Russian Central Bank could become an “easy source of financing.”
But, Pritzker said, “it’s all very complicated.”
The US Special Representative believes that for this it is necessary to find a legal basis, decide who will control this process and formalize the decision at the legislative level.
There’s real work going on, real efforts being made and real intentions being made, but we’re far from done,” Pritzker said.
Previously, the G7 countries expressed the opinion that any confiscation is fraught with legal problems.
The first thing is, as you know, to attract a bunch of lawyers,” Pritzker explained during a speech at the Ukraine House in Davos.
Ukraine insists that the West confiscate $300 billion. frozen Russian assets, Pritzker said that this would require a “collective decision” by the G7 and the United States, which cannot be made alone.
Russia has previously stated that it will find a way to respond to the likely transfer of its money to Ukraine.
Source: Racurs
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