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News World G7 exploring ways to seize Russian assets to fund Ukraine

G7 exploring ways to seize Russian assets to fund Ukraine

According to a recent report by the Financial Times, Western countries are considering measures to utilize Russian central bank assets in order to support Ukraine. Sources say that G7 officials have been holding frequent discussions in hopes of utilizing the estimated $300 billion of frozen Russian government assets.

Reuters WORLD
Published December 16,2023
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G7 EXPLORING WAYS TO SEIZE RUSSIAN ASSETS TO FUND UKRAINE

Western nations are exploring ways to seize assets of the Russian central bank to fund Ukraine, Financial Times reported on Friday.

G7 officials have intensified talks on spending the approximate $300 billion in immobilized Russian sovereign assets in recent weeks, the newspaper reported.