“G7 Considers Utilizing Russian Frozen Assets to Aid Ukraine in Groundbreaking Move”
The G7 countries plan to use frozen Russian assets to support Ukraine’s recovery, aiming to release them through financial discussions. The final decision will be made next week. Ukrainian finance minister will meet G7 leaders to discuss funding proposals for Ukraine in July. G7 froze $300B of Russian assets since the conflict began in Ukraine. #G7 #Ukraine #RussianAssets
“European Embassies Unite to Aid Ukraine’s Defense: Frozen Russian Assets to Fuel Military Support”
European embassies to allocate funds from Russian frozen assets for Ukrainian military assistance. Belgium, current EU president, states it will benefit Ukraine’s recovery and defense against Russia. Kiev expected to receive around 3 million euros ($3.3 million) if successful. Reuters reports final amount depends on scale of reductions, as Russian Central Bank has $210 million in frozen assets across accounts.