G7 Struggles to Aid Ukraine with Frozen Russian Assets Amid Legal Hurdles and Retaliation Threats
May 26, 2024
G7 finance officials are struggling with how to use revenue from frozen Russian assets to aid Ukraine.
Technical and legal challenges remain unresolved.
Options include using profits as collateral for a loan to Kiev or directly allocating funds to President Zelensky.
Legal concerns and potential repercussions complicate progress.
Russia has warned against targeting its assets and threatened retaliation.
The US proposed a $50 billion loan facility for Ukraine, facing resistance from European members.
Decisions are expected at the upcoming June summit.
President Putin signed a decree allowing Moscow to seize US-linked property in response to potential asset confiscation.
Summary based on 12 sources
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Sources

Yahoo Finance • May 25, 2024
G7 announces 'progress' on Russian frozen assets but work still to be done
Le Monde • May 25, 2024
G7 cites 'progress' but no deal on Russian assets for Ukraine
The Globe and Mail • May 25, 2024
G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets
Deutsche Welle • May 25, 2024
G7 makes 'progress,' but no deal on Russian assets for Kyiv