On Thursday, G7 leaders meeting in Italy reached an agreement on the use of frozen Russian assets to help Ukraine, to the tune of $50 billion (46.5 billion euros).
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Vladimir Putin described, Friday June 14, as “flight” the freezing of Russian assets and their use to help Ukraine resist Russia, promised Thursday by the G7 presidency. The Russian president also promised to respond. “Western countries have frozen part of Russian assets and foreign currency reserves. And now, they are considering a legal basis to permanently appropriate them”he declared in front of the executives of the Russian Foreign Ministry. “Even if we embellish things, theft is still theft and it will not go unpunished”he added.
On Thursday, the G7 announced a loan of 50 billion dollars (46.7 billion euros) to Ukraine, guaranteed by future interest on Russian assets frozen since Russia launched its assault on the country in February 2022.
“It is right that Russia pays”, reacted Ukrainian President Volodymyr Zelensky at the “Group of 7” table. The Ukrainian leader also called for the outright confiscation of the 300 billion euros in assets of the Russian central bank frozen by the EU and the G7. But the latter refuse for legal questions.
