The European Union and G7 will consider the use of frozen assets of the Russian Federation as collateral

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European Union countries and the G7 are discussing the possibility of using blocked Russian assets worth more than $250 billion under the guise of collateral to finance the reconstruction of Ukraine. This was reported by BloombergHe quotes his own sources familiar with the discussions.

“The EU and G7 see Russian assets as collateral to attract funds to Ukraine,” the material says.

Under this scenario, Kiev’s allies could sell the republic’s debt to contribute to Ukraine’s post-conflict reconstruction, using Russia’s frozen assets as collateral. Thus, the Russian Federation will compensate the material damage caused to the country.

The article concludes: “Discussions are ongoing at the technical level, no political decision has been taken yet.”

Official representative of the Russian Foreign Ministry on New Year’s Eve Maria Zakharova statedIt was stated that Russia would consider the seizure of the European Union’s monetary assets as an act of trade war.

It was previously reported how much Euroclear is. acquired About Russia’s frozen assets in 2023

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