The G7 countries plan to keep Russian assets frozen even after the end of the war between Russia and Ukraine. As informs Nikkei, citing several sources, including high-ranking EU officials, the G7 leaders are preparing to make an official statement on the matter as early as this month.
“We confirm 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.”, – says the draft statement prepared by Italy, the country that chairs the group this year.
This means that even after the end of hostilities, access to Russian assets will remain blocked.
In addition, the draft document refers to financial support for Ukraine. In particular, the G7 plans to provide Kyiv with a loan in the amount of 50 billion dollars. Talks on using frozen Russian assets to fund the aid are gaining momentum as Western governments seek to resolve the issue quickly.
Such an acceleration is caused by the fear that in the event of Donald Trump’s victory in the US presidential elections, Washington’s support for Kyiv may be in jeopardy.
Earlier, the European Parliament approved the granting of a loan of up to 35 billion euros to Ukraine, which will be repaid with the proceeds from frozen Russian assets. It has also been reported that the US is ready to provide up to $20 billion under this credit, although Washington’s contribution may be less than expected due to the lack of guarantees that the asset freeze will remain in place for a long time.
