United States President Joe Biden is pressing Group of Seven (G7) countries to come up with a plan to use frozen Russian assets to benefit Ukraine by the June summit. The agency writes about this Bloombergquoting sources familiar with the situation.
US President Joe Biden wants G-7 countries to make progress on plans to use frozen Russian assets to support Ukraine by the leaders’ meeting in June.
Journalists also write that the American leader wants the frozen funds to be used to help with budget expenditures and subsequent reconstruction of Ukraine.
John Kirby, formerly White House Strategic Communications Coordinator statedHe said seizing blocked Russian assets depends on the availability of an appropriate legal framework in the United States and support from allies.
Previously Bloomberg, ECB, Germany and France afraid Confiscation of frozen assets of the Russian Federation.