FRANKFURT, Germany (AP) — Ukraine's allies are wrestling with how to squeeze money out of frozen Russian assets to support Kyiv's war effort, a debate that...
What to do with the Russian central bank reserves frozen in response to the invasion of Ukraine is at the top of the agenda as finance officials from the Group of Seven rich democracies meet Thursday through Saturday in Stresa, Italy, on the shores of scenic Lago Maggiore .
The debate is being revived after President Joe Biden in April signed into law the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act, which allows the administration to seize the roughly $5 billion in Russian state assets located in the U.S. The law was included in the U.S. aid package for Ukraine and other nations, which includes roughly $61 billion for Ukraine’s defense.
The ministers will seek to build consensus ahead of the June 13 summit of G7 national leaders summit in Italy. Trump lashes out after DOJ reveals classified documents were found in ex-president’s bedroom at Mar-a-Lago
Lago Maggiore U.S. Treasury FRANKFURT Germany Squeeze Money Janet Yellen Russian Central Bank Ukrainian Government President Joe Biden
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