US and Europe discuss using frozen Russian assets to help Ukraine

US and Europe discuss using frozen Russian assets to help Ukraine

Kyiv  •  UNN

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The Biden administration is in urgent talks with allies to use $300 billion in frozen Russian assets to help Ukraine, and is coordinating with the G7 to develop a strategy for the second anniversary of the invasion.

President Biden's administration has made it clear that it supports the confiscation of more than 300 billion dollars of Russian central bank assets located in Western countries that were frozen with the outbreak of a full-scale war in Ukraine. This was reported by The New York Times, according to UNN.

Details

According to the publication, according to according to senior American and European officials. officials, the Joe Biden administration has begun urgent talks with allies on the use of the frozen $300 billion in Russian assets.

It is noted that the Biden administration, in coordination with the G7, has begun to review the available authorities to decide on the use of the money.

Negotiations between finance ministers, central bankers, diplomats and lawyers have intensified in recent weeks. in recent weeks. According to officials, the Biden administration is pressing Britain, France, Germany, Italy, and Japan to prepare a strategy for the second anniversary of the Italy, Canada and Japan to prepare a strategy for the second anniversary of Russia's invasion of Ukraine, officials said.

West discusses possibility of using frozen assets of Russian central bank - The Financial TimesDec 20 2023, 09:37 AM • 109851 view

At the same time, the coordinator for of the National Security Council at the White House, John Kirby, during a during a briefing on December 21 did not deny that such talks were taking place.

In response to a journalist's question about whether the the US and the EU are working together to seize Russian assets to help Ukraine, John Kirby said that in the long run Russia must be held accountable for the infrastructure destroyed in Ukraine.

Я won't talk specifically about that, but in general we've been talking to a lot of of our partners and allies about what Russia's role will be after the conflict in terms of rebuilding inside Ukraine in the long term. We are are not at the point now where we can talk about specific actions and what they will look like. they will look like. However, Russia has destroyed an awful lot of infrastructure, and has taken tens of thousands of lives in Ukraine, and it must be held accountable for this in the long run

John Kirby.

Recall

The G7 discusses the use of frozen Russian assets to support Ukraine as traditional aid channels face problems in the US and Europe.