Bloomberg: G7 and EU discuss using Russian assets as collateral

2024-02-04T18:40:04.250Z

Highlights: Bloomberg: G7 and EU discuss using Russian assets as collateral. Supporters of such a decision believe that Russia will compensate Ukraine for the damage in any settlement of the conflict. If Moscow refuses to take such a step, Russia may face claims for frozen assets. Earlier, the Financial Times reported that Western countries are planning to issue debt to Kyiv, using Russia's assets as support to repay the debt. The report was based on information from sources at the European Union and the G7. It is assumed that Ukraine's allies could sell its debt, using frozen Russian assets.

The use of frozen Russian assets as collateral for financing Ukraine has become a topic of discussion among the Group of Seven (G7) and the European Union. Bloomberg reported this with reference to sources.