Italy: Finding ways to use Russia's frozen assets will be difficult

2024-02-29T19:53:34.490Z

Highlights: Italy: Finding ways to use Russia's frozen assets will be difficult. G7 presidency faces difficult and complex technical work to create a solid legal basis for the use of Russian financial assets as compensation to Ukraine. Russian Finance Minister Anton Siluanov said that freezing sovereign Russian assets is an ill-calculated step on the part of Western countries. If adopted, decisions to seize these assets, if adopted, will cause great damage to Western companies. French Minister of Economy and Finance Bruno Le Maire reported that there was no legal basis to the seizure of Russian assets.

Finding a legal basis for using Russia's frozen assets to rebuild Ukraine will be difficult. This was announced on the sidelines of a meeting of G20 colleagues in San Paolo by the head of the Italian Ministry of Finance, Giancarlo Giorgetti.