The G7 group of wealthy democracies will look at ways of using the future interest from frozen Russian assets to help Ukraine as it continues to battle invading Russian forces, finance ministers from the group said on Saturday, APA reports citing Deutsche Welle.
The meeting of the G7 ministers in the northern Italian city of Stresa has been focused mainly on the question of how to find more funds for Ukraine as Russia presses on with a new offensive in the Kharkiv region in the third year of its unprovoked invasion.
The G7 and its allies froze some $300 billion (€276 billion) of Russian assets shortly after Moscow launched a full-scale invasion of its neighbor in February 2022.
The meeting comes after the EU this week formally approved a plan to use interest from the Russian assets it has frozen, estimating that this could produce up to €3 billion annually for Ukraine.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on Facebook
Follow us on Twitter
