The US proposal to confiscate 300 billion dollars of Russian assets

– International News – Tasnim News Agency, Reuters reported early Friday, citing two knowledgeable sources and a British official, that the leaders of the Group of 7 will discuss the fields of Lawmakers will discuss confiscating $300 billion of frozen Russian assets.

Earlier, the Financial Times reported on Thursday that the United States has suggested that members of the Group of Seven (G7) explore ways to confiscate $300 billion in Russian assets.

The Financial Times wrote: As [Kiev’s] allies rush to agree on a plan in time for the second anniversary of Russia’s invasion of Ukraine, the US has proposed Working groups from the Group of Seven countries are exploring ways to confiscate $300 billion of Moscow’s frozen assets. Reuters noted that American and British officials have made many efforts to speed up the confiscation in recent months. Russian assets in Belgium and other European countries have done, and they hope that the G7 leaders will issue a stronger statement about this at the February meeting. The ground has been made so that options are ready for a possible meeting of G7 leaders in late February, coinciding with the anniversary of Russia’s attack on Ukraine.

Germany, France, Italy and the European Union have expressed the need for a detailed assessment of the legality of confiscation of assets. Moscow has spoken. According to the reports of this meeting, several European ministers also emphasized the need to maintain a high level of confidentiality.

Various options are being considered in Western capitals; From the direct confiscation and spending of the assets of the Central Bank of Russia to the exploitation of the revenues from frozen assets or using them as collateral for loans. discussed, the acceleration of Moscow’s asset confiscation for Ukraine reveals its growing importance to the West.

G7 leaders have generally argued that under international law Russia must end the war in Ukraine and to pay compensation for the damages it has caused to this country.

The World Bank has estimated that the damages caused to Ukraine have exceeded 400 billion dollars.

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