Official financial reports or G7 statements

G7 Finance Ministers Plan to Use Frozen Russian Assets to Aid Ukraine: G-7 Draft

May 25, 2024, 11:54 AM

The Group of Seven (G7) finance ministers have endorsed a plan to utilize frozen Russian assets to support Ukraine. According to a draft statement seen by Reuters, the G7 will explore ways to use future income from these assets to provide financial aid to Ukraine. This initiative aims to offer a loan secured by the proceeds of the frozen assets to support Kyiv beyond 2024. The G7, comprising industrial democracies, is moving forward with this plan as part of their ongoing efforts to assist Ukraine.