G7 Nears Deal to Fund Ukraine Using Frozen Russian Assets
TL;DR
The U.S. and its Western allies are moving to use the investment returns from frozen Russian assets to fund Ukraine's war effort, potentially providing up to $50 billion in short- to medium-term funding. This plan, agreed upon by the Group of Seven nations, avoids confiscating the principal assets to prevent financial instability. Russia has condemned the move and threatened to retaliate by seizing U.S. and European assets in Russia, although many Western firms have already exited the country.
- U.S., allies take key step toward funding Ukraine with Russian assets The Washington Post
- Europe still unsure over US plan on Russian assets to pay for Ukraine POLITICO Europe
- Yellen sees no 'showstoppers' on G7 Ukraine loan backed by Russian asset earnings CNBC
- G7 aims to use frozen Russian assets to help 'desperate' Ukraine Reuters
- U.S. and Europe Near Deal on Novel Funding Plan for Ukraine The Wall Street Journal
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