(London News) After the proposal of providing military aid for Ukraine for Western countries has been frustrated, officials of the Seven Kingdoms Group have been intensively discussed in recent weeks to use frozen Russian funds to assist Ukraine.Once implemented, this will open a new chapter in the Western Moscow's financial war.
Russia's sovereign assets of about $ 300 billion (about S $ 400.1 billion) have been frozen in the West, and these assets are mainly in Europe.The Seventh Kingdom Group (G7) has repeatedly said that it will use Russian assets to aid Ukraine, but because of the international law protection of sovereign assets, and worrying that this may promote foreign investors holding US dollars and euro assets, they dare not act rashly.Essence
The United States has never publicly expressed its support for the use of Russian assets, but according to the British Financial Times Saturday (December 16), Washington recently showed a relatively tough attitude."Follow international law."The U.S. government also wrote in a discussion document: "G7 member states and other countries that have been specially affected can confiscate Russian sovereign assets to force Russia to end its aggression."
A US official said that Washington is actively discussed to confiscate Russian assets and suggested to discuss the matter at the G7 leadership meeting.
British Foreign Minister Cameron told the British Congress on Thursday (14th) that he believes that there is a "legal approach" to confiscate Russian assets and stated that if other G7 allies cannot be convinced, the United Kingdom may join forces with the United States to confiscate Russian assetsEssence
Cameron argued that "very means in a very period", and may feel uneasy investors were scared as early as Russian assets were frozen.
So far, the European Union has not directly seized Russian assets. Instead, it is trying to squeeze interest income from Russia's financial institutions in European clearing banks. These institutions have detained Russian sovereign assets of 191 billion euros (about S $ 27.8.4 billion).
With the recent US President Biden's $ 60 billion in supporting support for Ukraine was stuck in Congress, and the EU gave Ukraine 50 billion euros aid to a consensus due to Hungary's opposition.The loud.
The above -mentioned U.S. officials said that the goal of the G7's next few weeks is to solve all key issues in order to act collectively.A EU diplomat who recently participated in the European Union Summit negotiated: "We need to find a method of fundraising for Ukraine, no matter what form ... more and more countries point to the (Russia) assets, and they do not understand why they are still staying there there."
