For two years, Western allies have debated how to deal with $300 billion in frozen Russian assets. The G7 leaders...seem to be on the brink of announcing a compromise.
The Biden administration devised a plan to use the interest generated by the assets to back a loan as large as $50 billion for Ukraine, repaid over time with profits from Russia's money.
The Biden administration announced sanctions against China to stop it from supporting Russia through sales of military gear and microelectronics.
Ukraine intends to auction state-owned companies to fund its war effort and boost its economy.
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