2024-02-24 18:46:00
The Group of Seven (G7) countries have said that Russian sovereign assets will remain frozen until damages to Ukraine are made. This follows from the statement they published.
“We confirm that, in accordance with our legal systems, Russian sovereign assets in our jurisdictions will remain frozen until Russia pays for the damage it has caused to Ukraine,” the statement, seen by RIA Novosti, reads. According to them, we are talking regarding compensation for losses, injuries and damage caused by the conflict in Ukraine.
The European Commission decided to prepare the basis to direct frozen Russian assets to restoration of Ukraine. Estonian Prime Minister Kaja Kallas emphasized that their country has developed a solution that will allow you to use assets. However, representatives of international banks are afraid that following the confiscation there will be shocks in the global financial system.
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