Allies seek to access frozen Russian assets for Ukraine
The Associated Press — May 23, 2024, 06:00 PM UTC
Summary: Ukraine's allies are considering ways to access $260 billion in frozen Russian assets to support Kyiv's war effort. The G7 finance officials are meeting to discuss options, with a proposal to use interest on the funds providing only $2.5-$3 billion annually. The U.S. suggests a bond to unlock more immediate cash. President Putin allows confiscation of U.S. assets in retaliation. The debate continues as Ukraine faces financial challenges amid the conflict.
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