The United States of America has presented a plan to the G7 to confiscate frozen Russian assets worth $300 billion, as allies rush to agree on a plan on the second anniversary of the Russian invasion of Ukraine, according to what the British newspaper “Financial Times” reported on Thursday.
The newspaper indicated that accelerating the pace of work to confiscate Moscow’s assets on behalf of Ukraine highlights the importance of this measure for the West, even though no decisions have been taken yet, and that the issue is still under thorny discussion in European capitals.
The newspaper added, citing people it described as familiar with calls that touched on ways to develop this policy and assess the risks it entails: that the finance ministers of the G7 countries and their deputies discussed this issue during this month.
The Financial Times explained that the United States proposed, with support from Britain, Japan, and Canada, to move forward with the preparatory work. Until options are being prepared for the possible meeting of the G7 leaders, scheduled to be held next February 24, the date on which Russian President Vladimir Putin announced the start of the attack on Kyiv in 2022.
She indicated that the three working groups proposed by Washington will study the legal issues related to the asset confiscation procedure, ways to implement this policy, reduce its risks, and available options regarding the best ways to deliver support to Ukraine.
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