Debate Intensifies Over Using Frozen Russian Assets to Aid Ukraine
G7 finance ministers explore complex legal and political challenges in leveraging $300 billion for Ukraine's war effort.
- EU and U.S. officials discuss extracting 'windfall profits' from frozen Russian assets to support Ukraine.
- The U.S. proposes issuing new debt for Ukraine, repaid by profits from immobilized Russian assets.
- EU member countries express concerns over legal stability and potential political risks.
- Ukraine's financial needs are urgent as it struggles with budget deficits and battlefield losses.
- G7 leaders will continue discussions at their June summit to reach a consensus.