The immobilized funds could be used to finance Ukraine, according to Washington’s proposal
The US will press its G7 allies to establish a legal framework for seizing frozen Russian state assets and channeling them to Ukraine, Bloomberg has reported, citing sources.
Western nations froze an estimated $300 billion in Russian assets following the escalation of the Ukraine conflict in 2022, some €200 billion of which are held by Brussels-based clearinghouse Euroclear. The funds have generated billions in interest, and the West has been exploring ways to use the revenue to finance Ukraine. While refraining from outright seizure, the G7 last year…
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