“The finance ministers of the Group of Seven countries said they are ready to consider the possibility of confiscating all frozen Russian funds to help achieve a just and lasting peace in Ukraine.”, — write: www.pravda.com.ua
Source: statement of the G7 ministers on the results of the meeting
Literally from the statement: “We will continue to work together to develop a wide range of financing options to support Ukraine, including the possible use of the full extent of Russian sovereign assets frozen in our jurisdictions until Russia pays reparations, with the goal of ending the war and ensuring a just and lasting peace in Ukraine.”
Advertising:
Details: The statement added that their actions were coordinated by “relevant legal frameworks.”
The G7 ministers added that they support the Ukrainian authorities in implementing reforms, in particular in the field of fighting corruption and improving the management of state-owned enterprises.
Literally from the statement: “We are ready to increase pressure on Russia in case of failure of peace talks.
We also agreed that Ukraine should remain a priority of the G7 during the upcoming French presidency.”
We will remind:
- On December 3, the President of the European Commission, Ursula von der Leyen, announced two decisions regarding the financing of Ukraine in 2026-2027, one of which proposes to use funds from frozen Russian assets in the EU to provide Ukraine with a “reparation loan”.
- Even before the announcement of the new proposal, Belgium – on the territory of which the main part of the Rosactivs in the EU is kept and which is afraid of the legal consequences of the decision – called it categorically unacceptable.
- At the same time, other EU countries oppose Belgium’s provision of unlimited guarantees to unblock the loan to Ukraine.
- According to the media, the British government is ready to transfer 8 billion pounds (over $10.6 billion) of frozen Russian assets to support Ukraine.
- Politico reported that Japan rejected an offer by the European Union to join its plan to use frozen Russians for the benefit of Ukraine.
Read also the article: The EU is looking for funds for Ukraine: what options can replace the reparation loan.