This week in Stresa, northern Italy, finance ministers from the "Group of Seven" will discuss the legality of using €270 billion of frozen Russian state assets as collateral for providing Ukraine with an additional €30 billion loan, writes The Guardian. Debates on how to make the frozen Russian state assets available to Ukraine have been deadlocked for over a year, as proponents of full asset seizure, rather than freezing, have failed to convince central bank leaders or gain sufficient support within the G7. Proposals to use state assets as collateral for loans are a rare point of contention between the US and Germany.
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19 май 2024