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The G7 countries plus the European Union announced in May 2023 that the approximately $300 billion (€275 billion) in Russian central bank assets that had been frozen in these countries would remain frozen "until Russia pays for the damage it has caused to Ukraine," [4] [7] and this was reaffirmed after the G7 meeting in December, 2023. [8]
The Russian central bank has not given a detailed breakdown of what was frozen but a rough outline can be gained from documents detailing Russian holdings at the beginning of 2022.
A U.S. proposal for using the interest derived from $300 billion in frozen Russian assets to aid Ukraine could win broad support from countries worried about outright seizure of the underlying ...
The G7 countries plus the European Union announced in May 2023 that the approximately $300 billion (€275 billion) in Russian central bank assets that had been frozen in these countries would remain frozen "until Russia pays for the damage it has caused to Ukraine," [116] [119] and this was reaffirmed after the G7 meeting in December, 2023. [120]
The Group of Seven countries and the European Union are considering how to use profits generated by Russian assets immobilised in the West to provide Ukraine with a large up-front loan now and ...
Russian assets frozen in European accounts are generating billions of dollars in interest payments that could be diverted to help repair Ukraine’s war-torn economy — and the European Union ...
LONDON (Reuters) -Asset managers including France's Amundi and BNP Paribas, Britain's HSBC and Switzerland's Pictet have frozen Russia-focused equity funds totalling over $3 billion in assets, as ...
Last month, the group said it had earned €5.2 billion ($5.6 billion) in interest on income generated by sanctioned Russian assets since they were frozen by EU and Group of Seven countries in 2022.