G7 countries are a step closer to using frozen Russian assets to help Ukraine

News Snapshot:

G7 COUNTRIES HAVE moved one step closer to agreeing on ways to use profits from frozen Russian assets to help Ukraine. A search for creative but legally sound solutions was top of the agenda at a two-day Group of Seven meeting in Stresa, northern Italy that wrapped up today. It comes as Ukraine continues its urgent appeals for more funds from Western allies in its third year of war with Russia. “We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilised Russian sovereign assets to the benefit of Ukraine, consistent with...