Russian assets plan for aiding Ukraine to dominate G7 meet

US Treasury Secretary Janet Yellen wants G7 leaders to seize the interest payments on billions of frozen Russian bank assets. Photo: Jim WATSON / AFPpowers are meeting in Stresa, on the shores of northern Italy's Lake Maggiore, to prepare for the larger summit of G7 heads of state next month in Puglia.using the interest generated by the 300 billion euros of Russian central bank assets frozen by the G7 and Europe.

The US proposal is an"interesting way forward" but"any decision must have a solid legal basis", the source said. Yellen will now try to convince her G7 counterparts to consider"more ambitious options" to"provide more money to Ukraine as quickly as possible", according to a US Treasury spokesperson. But European countries worried about creating a precedent in international law and the risk of serious legal disputes with Moscow.He said Rome would be an"honest mediator" in discussions but said the task was"very delicate".

Source: News Formal (newsformal.com)

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