Reported 5 months ago
Finance officials from the G7 rich democracies have made progress on a U.S. proposal to release more money for Ukraine from frozen Russian assets, but a final decision is deferred until the national leaders’ summit in June. The G7 discussed using the interest from the assets, totaling around $3 billion annually, for Ukraine's benefit, while the U.S. suggested borrowing against future interest income for immediate assistance. Legal concerns and fears of Russian retaliation against Western entities with holdings in Russia pose challenges to the proposal. Additionally, the G7 addressed China's state-backed production of green energy technology, with the U.S. imposing new tariffs to protect against Chinese imports.
Source: YAHOO