The US and European partners are discussing the use of frozen assets of the Russian Federation to provide assistance to Ukraine, in particular, at the front.
What is known about the intentions of the USA and the EU to use the frozen assets of the Russian Federation to help Ukraine
According to the journalists of the publication, the White House currently supports the seizure of 300 billion dollars of Russian assets stored in Western countries.
The US is negotiating with allies on this issue, discussing the possibility of using these funds to finance aid to Ukraine.
At the same time, US Treasury Secretary Janet Yellen warned the White House that confiscating Russian assets without obtaining permission from Congress would be legally illegal under US law.
At the same time, some high-ranking American officials believe that after the decision to confiscate and transfer Russian assets to Ukraine, allied countries will not want to keep their funds in the New York Federal Reserve System or dollars.
However, the US and other G7 countries are debating whether to review the authority or appeal to Congress to approve the confiscation of these funds.
What is known about possible problems with the use of frozen assets of the Russian Federation
According to the journalists of the publication, the American leader, Joe Biden, has not yet signed the strategy for the use of confiscated Russian assets.
It is unclear whether these funds will be transferred to Ukraine or used another way.
Probable problems that could hinder the use of confiscated funds are also considered.
There is no final opinion on whether this money should be used only to help rebuild Ukraine or provide military aid.
According to one of the representatives of the White House, even if Congress approves President Biden's request to finance further military aid to Ukraine, opposition to support of Ukraine by representatives of the Republican Party and the unstable situation on the front require an alternative funding source.
If the US and other countries agree on the transfer of Russian assets to Ukraine, such a decision will be unprecedented.
After all, such an action can have unforeseen legal and economic consequences — in particular, it will lead to lawsuits and revenge on the part of Russia.
However, in the US, there is almost no public talk about the progress of negotiations regarding confiscating Russian assets.
A small number of Russian assets are located in the USA.
However, most Russian European deposits, including Switzerland and Belgium, are not part of the G7.
That is why there are diplomatic negotiations on how to get access to these funds, some of which are in euros and other currencies.
The G7 representative said the coalition was considering various options for the use of assets to put forward a unified proposal around the second anniversary of Russia's war against Ukraine.
Then, officials plan to gather in Germany at the Munich Security Conference.
Early debates focused on what would be permissible under international law and each country's domestic law as they looked at Russia's likely legal response and countermeasures.
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