g7-nears-decision-on-confiscation-of-frozen-russian-assets-for-ukraine-ft

G7 nears decision on confiscation of frozen Russian assets for Ukraine - FT

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Western countries are actively exploring ways to confiscate assets of the Russian central bank to finance Ukraine, as political disputes in the US and Europe threaten the flow of financial support. This is what UNN reports with reference to the Financial Times.

Details

In recent weeks, G7 officials have intensified talks on spending a portion of the estimated $300 billion in frozen Russian sovereign assets. This is a radical step that will open a new chapter in the financial war the west's financial war against moscow

the report says.

The push is reportedly prompted by the fact that the two most important financial aid packages for Ukraine, worth more than $100 billion dollars failed this week as Republicans in the US Congress and Viktor Orban of Hungary opposed funding for Kyiv.

The confiscation of Russian assets could become an alternative source of funding for Kyiv, especially with the source of funding for Kyiv, especially given the expected huge post-war reconstruction costs.

It is noted that so far, G7 governments have mostly governments have mostly objected to such a step, fearing to lose the trust of some foreign investors in assets in dollars and euros.

Presidential Adviser Tells Which Frozen Russian Assets Ukraine Can Get Soonest21.11.23, 13:49 - [views_0]

As the Financial Times notes, although Washington has never publicly supported the confiscation of has never publicly supported confiscation, in recent weeks the US has taken a more assertive in recent weeks, arguing in G7 committees that there is a path to asset forfeiture that "consistent with international law."

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