G7 countries may show leadership on frozen Russian assets – Zelenskyy

President Volodymyr Zelenskyy believes that the G7 countries could demonstrate their leadership regarding the use of frozen Russian assets for Ukraine’s benefit.

Source: the President’s evening address

Quote: "We continue to actively work to ensure that there are sufficient financial support programmes for Ukraine next year. This includes bilateral programmes with our partner states, programmes at EU level, and the process of using and confiscating Russian assets that have been frozen in various jurisdictions.

And this issue – the issue of frozen assets – was one of the very important decisions addressed during talks this week in the US.

The G7 countries can demonstrate their leadership – the assets of the terrorist state and its affiliates should be used to support Ukraine, to protect lives and people from Russian terror. This will be fair. We are already preparing the necessary outlines for these decisions."

Background: According to the Financial Times, the US has stated during talks within the G7 that there is a way to confiscate sovereign Russian assets in line with international law, and discussions have grown more frequent over the last few weeks.

On 12 December, the European Commission approved a proposal to use income from frozen Russian assets to rebuild Ukraine. It was considered by the European Council on 14 December. 

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