There is not much time left to reach an international consensus on the confiscation of Russian assets, about a month and a half. The head of the Ukrainian Ministry of Justice Denis Malyuska said this on the air of "We-Ukraine", UNN reports.
"The fact is that in mid-June, on June 13-15, a summit at the level of the G7 leaders will be held in Italy, where the fate of Russia's frozen assets will be one of the items on the agenda. All of this activity - news, publications, discussions - is simply an outward expression of the intense discussion that is taking place in the G7 on this issue, and it is likely that the discussion will end somewhere around the end of May. Some kind of compromise will be reached, which will be formalized as an informal decision of the G7 countries, which they will then implement in each country. Indeed, the United States has taken the first important step. Now the media is actively spreading information that the Americans have provided us with assistance, but there is an important nuance: by the same law, they also made a decision, giving the US administration the right to decide on the confiscation of Russian assets: in full or in part, the body of assets or accrued interest, etc. This right has been granted and the United States can use it. They have shown that legally it is quite possible and legal," the minister explained.
As a reminder, U.S. Treasury Secretary Janet Yellen said that the U.S. proposal to use the proceeds of the frozen assets of the aggressor country is gaining popularity in the G7. According to her, the allocation of these funds to help Ukraine may receive support from states that are concerned about the possible direct confiscation of assets.