"The G7 is ready to consider the use of all frozen Russian funds

The Group of Seven (G7) countries are ready to consider the possibility of using all frozen Russian assets to achieve a just peace in Ukraine and end the war. About it says in a joint statement by the G7 finance ministers.

"We will continue to cooperate in developing a wide range of financing options to support Ukraine, including the potential use of the full value of Russian sovereign assets frozen in our jurisdictions pending payment of reparations by Russia, to end the war and bring a just and lasting peace to Ukraine," the statement said.

The ministers noted that they would continue to support Ukraine in implementing reforms, fighting corruption, and improving governance, particularly in the state-owned enterprise sector. If the peace talks on Ukraine fail, the G7 countries are ready to increase pressure on Russia.

"We agreed on the importance of keeping Ukraine at the top of the G7 agenda during the upcoming French presidency of the G7," the ministers concluded.

• december 5, Bloomberg wrotethe US has called on EU countries not to support the use of frozen Russian assets for a "reparations loan" to Ukraine.
• Seven EU countries believethe Ukrainian government has said that a quick decision on a "reparations loan" to Ukraine at the expense of frozen Russian assets would put Kyiv in a better negotiating position for a peace deal with Moscow.
• European Union prepares guarantees eUR 210 billion for a loan to Ukraine, while Germany can take on the largest share – up to EUR 52 billion.