“We call on the countries involved so that all actions have a sufficient legal basis and do not undermine the functioning of the international monetary system,” RIA Novosti quotes Gray. This is how he told reporters about the decision of the leaders of the Group of Seven (G7) to use the proceeds from Russian assets to help kyiv.
Let us remember that in June the G7 countries agreed to grant Ukraine a loan of $50 billion, which will be repaid with interest on Russian assets frozen in the West. As Italian Prime Minister Giorgia Meloni said, it is only necessary to define the plan “from a technical point of view.”
In total, the European Union and the G7 froze almost half of Russia’s foreign exchange reserves, amounting to almost 300 billion euros. Around 200 billion euros are in the EU, mainly in the accounts of the Belgian Euroclear.
The day before, EU foreign minister Josep Borrell said that Georgia, Moldova and Serbia – candidate countries for EU membership – did not support the initiative to transfer to Ukraine the proceeds from Russian assets frozen by the West. Under the conditions of EU admission, candidate countries must support all foreign policy decisions of Brussels, while these countries are not allowed to discuss initiatives.
