“The G7 countries plan to keep Russian assets frozen even after the end of the war — mass media October 22, 13:09 Share: Leaders of the G7 countries (Photo: REUTERS/Yara Nardi) The G7 countries plan to keep Russian assets frozen even after the end of the war against Ukraine, Nikkei reports. citing sources in the G7. Journalists claim that the G7 leaders will publish a statement on this issue already this month. According to high-ranking officials”, — write on: ua.news
Leaders of the G7 countries (Photo: REUTERS/Yara Nardi)
The G7 countries plan to keep Russian assets frozen even after the end of the war against Ukraine, the Nikkei publication reports with reference to sources in the G7.
Journalists claim that the G7 leaders will issue a statement on this issue this month.
According to high-ranking officials of the European Union, the assets of the aggressor country will remain frozen until Russia compensates for the damage caused by the aggression against Ukraine.
“We … reaffirm that Russia’s sovereign assets in our jurisdictions will remain immobilized until Russia ceases its aggression and pays for the damage it has caused to Ukraine,” the G7 leaders said in a draft statement.
In the project, according to the publication, it is said that the bloc will guarantee a loan to Kyiv in the amount of $50 billion.
Credit for Ukraine from the European Union at the expense of Russian assets
Western allies of Ukraine have been discussing for a long time how to use the profits from about 280 billion dollars of frozen assets of the Russian central bank, most of which are located in Europe. Income from assets is estimated at 3 to 5 billion euros per year, Bloomberg reported.
At the end of May, US Treasury Secretary Janet Yellen did not rule out that the G7 countries could provide Ukraine with a multi-billion dollar loan and use the interest received from $300 billion of frozen Russian state assets.
At the beginning of June, Brent Neiman, assistant to the head of the US Treasury Department for international finance, said that Washington, together with its G7 partners, is making progress in the issue of providing assistance to Ukraine in the form of profits from Russian assets.
On June 12, the Elysee Palace announced that the G7 leaders had reached an agreement on the transfer of $50 billion of frozen Russian assets to Ukraine.
Hungary continues to oppose the EU collectively providing military support to Ukraine. Official Budapest also blocks other decisions related to armaments for Kyiv, amounting to 6.6 billion euros.
On October 9, the ambassadors of the European Union agreed to provide Ukraine with a loan in the amount of 35 billion euros. It is planned to be repaid with profits from frozen Russian assets. The EU Council approved the decision on October 10.