Ukraine will not be able to immediately receive the entire amount in case of confiscation of frozen Russian assets.
Why Ukraine will not be able to immediately receive the entire amount in case of confiscation of Russian assets
The allies are currently discussing various options for sending aid to Ukraine, all of which have several stages.
According to other Reuters interlocutors, one of the most promising initiatives is the G7 countries' use of interest on frozen assets as collateral for loans or bonds issued to help Ukraine.
As Reuters notes, Ukrainian Finance Minister Serhiy Marchenko will meet with German Finance Minister Christian Lindner and other G7 representatives to discuss options for using Russian frozen assets.
On April 17, the finance ministers of the G7 countries will discuss, in particular, how to implement the initiative and ensure that Russia's losses are compensated.
In February, the Eurocouncil approved the European Commission's proposal to use revenues from frozen Russian assets to finance aid to Ukraine.
The United States and its G7 allies are exploring the possibility of unlocking nearly $300 billion in frozen Russian assets to help Ukraine, US Treasury Secretary Janet Yellen said.
Yellen said the United States and the G7 are committed to supporting Ukraine and urged Congress to approve urgently needed military and budget support.
This is a humanitarian and moral imperative, as well as an economic war, given the significant negative impact of war on economies around the world, Yellen said at a press conference on the sidelines of the spring meetings of the International Monetary Fund and the World Bank in Washington.
The EU agreed to confiscate part of the profits from the frozen assets of the Russian Federation
On March 21, European Union leaders agreed to confiscate a significant portion of excess profits from frozen Russian assets and transfer them to Ukraine.
In 2024, Ukraine can receive 3 billion euros; the first billion can be transferred by July.
The profit from frozen Russian assets is about 3 billion euros annually.
