G7 Nears Agreement on Utilizing Frozen Russian Assets for Ukraine Aid

Finance ministers explore legal avenues to leverage profits from immobilized assets, aiming for a decision at the June summit.

G7 finance ministers report progress but no final deal on using frozen Russian assets to support Ukraine.
Discussions focus on legally sound methods to utilize profits from the $325 billion in frozen assets.
The U.S. proposes leveraging future interest income, potentially providing $50 billion for Ukraine.
European countries express legal and technical concerns, preferring to use accumulating interest.
The G7 also addresses trade policy issues with China, considering measures against Chinese overcapacity.