US EditionG7 ministers move closer to Russian assets deal to help Ukraine
- The meeting in Stresa, Italy, includes Ukraine's Finance Minister Serhiy Marchenko discussing options for Ukraine funding for G7 heads of government to consider at a summit in June.
- Marchenko is attending due to his country's struggle with a Russian offensive.
- Russia's assets will remain frozen until they compensate for damage caused to Ukraine according to legal systems.
82 Articles
82 Articles
The G7 Finance Ministers seek to advance an aid plan for Ukraine that will be financed by frozen Russian assets.
G7 aims to use frozen Russian assets to help 'desperate' Ukraine
The G7 will explore ways to use the future income from frozen Russian assets to boost funding for war-torn Ukraine, finance chiefs from the Group of Seven industrial democracies said on Saturday, but offered no details of how
At the conclusion of their meeting in Stressa in northern Italy, G7 finance ministers reported on progress in discussions on the use of proceeds from Russian assets to help Ukraine, but have yet to reach an agreement. They hope to be able to put together a concrete proposal by the group's summit next month in Apulia, Italy.
185 billion euros were frozen by Euroclear, an international fund deposit organization based in Belgium
The Kyiv Independent
The Economic TimesG7 announces 'progress' on Russian frozen assets but work still to be done
The G7 finance ministers on May 25 announced "progress" but no concrete deal on how to use future income from frozen Russian assets to help Ukraine, according to a draft statement seen by Reuters and AFP. "We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign assets to the benefit of Ukraine," the draft statement said.Ukraine's Western partners and ot…
G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets - The Morning Sun
Finance officials from the Group of Seven rich democracies say they have moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. But …
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