G7 Struggles to Aid Ukraine with Frozen Russian Assets Amid Legal Hurdles and Retaliation Threats

May 26, 2024
G7 Struggles to Aid Ukraine with Frozen Russian Assets Amid Legal Hurdles and Retaliation Threats
  • 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


Get a daily email with more World News stories

More Stories