IMF and World Bank to discuss the use of frozen Russian assets to help Ukraine
Kyiv • UNN
This week's meetings of the IMF and the World Bank are to discuss unblocking frozen Russian assets to support Ukraine's resistance and long-term recovery.
This week's meetings of the IMF and the World Bank provide an opportunity to make progress in using frozen Russian assets to help Ukraine, a senior U.S. Treasury official said on Monday, UNN reports .
Details
The meetings will, in particular, "discuss ways to unblock immobilized Russian assets to support the ongoing resistance and the long-term recovery of Ukraine," a representative of the Ministry of Finance explained to reporters.
His comments come amid growing calls in Washington and Europe to create a fund for Ukraine using billions of dollars in Russian bank accounts, investments and other assets frozen in the West since the start of Russia's full-scale invasion of Ukraine.
A representative of the Ministry of Finance also told reporters: "I want to condemn in the strongest possible terms Iran's attack on Israel (over the weekend).
Calling Iran and its supporters a "destabilizing force" in the Middle East, he added that recent developments should be an important topic of discussion during future meetings.
Context
This week, the U.S. Treasury Department will hold the fourth meeting of the U.S.-China Economic and Financial Working Groups, which aims to begin exchanging more detailed data and try to make progress, particularly on the issue of balanced economic growth.
