The G7 nations including England, Germany, Italy, Canada, France, Japan, and the United States have agreed to maintain the freeze on Russian sovereign assets held within their jurisdictions until Russia agrees to compensate Ukraine for the damage caused by the conflict. This stance was confirmed by the White House press service and reflects a coordinated effort to ensure accountability for the harm Ukraine has endured. (White House press service)
The official statement emphasizes that Russian sovereign assets located in G7 member states will remain blocked until Russia makes full reparations to Ukraine for the destruction and losses incurred during the war. The message reiterates the determination of these economies to pursue ways to secure redress for Ukraine and to hold Moscow responsible for the devastations witnessed across the country. (White House press service)
In addition to current measures, the G7 nations indicate openness to developing appropriate mechanisms that could broaden the capacity to impose and enforce consequences against the Russian Federation. They will study further options and procedures to ensure that Russia faces credible and effective accountability for the damage it has caused to Ukraine. (White House press service)
The European Union is also considering establishing a legal framework that would allow the confiscation of frozen assets held by the Bank of Russia, a move seen as potentially strengthening leverage in the broader effort to secure restitution for Ukraine. This approach would require careful legal design and cross-border cooperation among member states. (EU policy briefings)
Meanwhile, former Russian President Vladimir Putin has voiced requests for the repatriation of certain business assets to Russia, signaling ongoing discussions about asset flows and economic sovereignty. The implications of such requests are being monitored by international observers as part of the broader governance and financial stability discourse surrounding the conflict. (International observers’ assessments)