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G7 to release part of revenue from frozen Russian assets for Kyiv’s military needs

Proceeds from frozen Russian assets will be used to support Ukraine, including military assistance and reconstruction. This was stated in a joint statement by the G7 Defense Ministers after a meeting in Naples, Italy.

“In accordance with the G7 leaders’ statement following the Puglia summit, emergency revenues received from frozen Russian sovereign assets located in the EU and other jurisdictions will be used to support Ukraine, including military, budgetary and security assistance. short and long term reconstruction. , in accordance with the relevant legal systems of the G7 member countries”, – says the statement cited by RIA Novosti.

how it was transmitted EADailyThe United States is willing to provide Ukraine with up to $20 billion as part of a G7 loan with repayment of profits received from frozen Russian assets, the Financial Times reported, citing US officials.

Recall that after the start of the Russian special operation in Ukraine, the EU and the G7 countries froze almost half of Russia’s foreign exchange reserves, which amounted to approximately 300 billion euros. More than €200 billion is held in the EU, most of it in the accounts of Belgium’s Euroclear, one of the largest settlement and clearing systems in the world.

Source

Anthony Robbins
Anthony Robbins
Anthony Robbins is a tech-savvy blogger and digital influencer known for breaking down complex technology trends and innovations into accessible insights.
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