The G7 countries are considering using Russian frozen assets to assist Ukraine, according to an announcement made on Friday by the heads of the financial bureaus of the G7 countries, as reported by Reuters. The aim is to release frozen assets resulting from Russian illicit activities through potential discussions on financial instruments with Ukraine’s help, as stated in the announcement. The official acceptance of the proposed changes will occur after the final version is published next week, according to G7 sources. On Friday, Ukrainian finance minister Serhiy Marchenko will meet with the G7 leaders. The purpose of this meeting between finance ministers, central bank heads of the G7 countries, and representatives of financial institutions is to discuss funding proposals for Ukraine in July in the Italian city of Siena, according to the announcement. Since the conflict began in Ukraine in February 2022, the G7 has frozen nearly $300 billion of Russian assets.