G7 members named conditions for unfreezing Russian assets
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Russian assets blocked in the jurisdictions of the Group of Seven (G7) countries will remain frozen until Ukraine receives compensation for the damage suffered. A communiqué of the G7 finance ministers with this content was published on Thursday, October 12.
At the same time, the amount of Russian financial assets frozen in the G7 countries is estimated at approximately $280 billion.
Meanwhile, the head of the Belgian Cabinet, Alexander de Croo, said that his country can transfer to Ukraine from taxes on income from reinvestment of frozen assets in Russia, 1.7 billion euros.
Sources say officials in the United States are increasingly pushing for the transfer of frozen goods to the US and Europe. Russian assets to Ukrainehowever, serious legal and financial barriers to the confiscation of Russian assets still remain.
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