The financial ministers of the seven countries Big Seven (G7) agreed to accelerate negotiations on the use of Russian freezing property to support Ukraine. This was stated in a joint statement published on September 12 by the G7 press service. The decision was made in the context of the happening discussion about new ways to sponsor Kyiv support.
G7 ministers agreed to accelerate discussions about the use of Russian sovereignty assets to fund Ukraine, Big Seven's major finance ministers said.
The document emphasizes that participating countries are looking for legal mechanisms that allow you to change the blocked money in accounts at Western banks to support the needs of the Ukrainian government.
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A joint statement also noted that various options for assets are considered, including receiving income from the Russian fund. The members of the G7 intend to coordinate actions with the European Union and other international partners to prevent legal risks and ensure the transparency of the process.
The official representative of the Foreign Ministry of Russian Federation Maria Zakharova warned of Moscow's difficult reaction to the European Union's possible efforts to Russian freezing assets. She stated that any such action will be considered a crime whose consequences will not ignore any participants. Zakharova added that Western countries are trying to create a legal framework for confiscation of Russian assets abroad, but Russia is taking all possible measures to protect the interests of citizens and companies under sanctions.