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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 central bank has confirmed that about $300 billion worth of assets have been frozen in the West. Total Russian foreign currency and gold reserves totalled $612 billion at the time
The European Union on Tuesday finalised its own deal to help Ukraine using the "unexpected and extraordinary" profits earned by the Russian assets in Europe, expected to yield 15-20 billion euros ...
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]
Russian assets frozen in European ... After Russia’s full-scale invasion of Ukraine in February 2022, Western countries froze nearly half of Moscow’s foreign reserves — some €300 billion ...
The vast majority of Russia’s central bank assets that were frozen by the G7 and the European Union are held by the EU, with the US only holding around $5 billion worth, officials told CNN.
Group of Seven members are discussing using nearly $300 billion in frozen Russian assets as collateral to provide loans to Ukraine, European Commission Executive Vice President Valdis Dombrovskis ...