Hopes of a multi-country deal using $300bn of frozen Russian assets to support Ukraine have grown after G7 ministers were confident of overcoming obstacles.
Canada's finance minister was optimistic about G7 leaders reaching an agreement to use frozen Russian central bank assets as security for a $50bn loan for Ukraine's reconstruction.
Potential plan involves using $235bn frozen Russian central bank assets, mainly in foreign currency, gold, and bonds, with 70% held in Euroclear.
G7 aims to collaborate with all partners to find agreement on supporting Ukraine with frozen Russian assets, freeing up other funding for infrastructure and weaponry.
#multi-country-deal #frozen-russian-assets #g7-ministers #supporting-ukraine #international-relations
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