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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.
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