G7 Summit to discuss unwavering support for Ukraine
5 June 2024 09:44
The Group of Seven leaders’ summit, which will be held on 13-14 June in Italy, will discuss a number of pressing global issues, including the G7’s unwavering support for Ukraine. This was announced by the White House press secretary Karin Jean-Pierre, reports "Komersant Ukrainian"
The discussion of support for Ukraine will focus primarily on the issue of confiscated Russian assets.
“The leaders will work to use Russia’s immobilised sovereign assets to help Ukraine, as well as actions to continue to impose costs on Russia and those who support Russia’s military efforts,” the spokeswoman said,
– the spokeswoman said.
This seems to be the end of the G7’s support for Ukraine. Leaders will also take steps to promote economic security and resilience, double their commitment to support developing countries, and promote food security and health financing.
Russian money abroad
Around €260 billion of the Central Bank of Russia’s assets have been frozen in the form of securities and cash in the jurisdictions of the G7, the EU and Australia, with more than two-thirds of them frozen in the EU.
belgium controls €190bn of assets in euros, the US controls assets worth between $40bn and $60bn, and the UK controls around £25bn.
As for the funds of individuals, the Atlantic Council, a US think tank, claimed at the beginning of the full-scale war that Russians had about $1 trillion of dark money abroad. According to a 2020 report, a quarter of this amount is controlled by Putin and his oligarchs.
