The TASS agency speaks of a Russian “response” in case Western countries illegally use “frozen” Russian assets. The agency quotes Russian Finance Minister Anton Siluanov.
The minister commented on the Group of Seven (G7) plans to use future revenues from “frozen” Russian assets to help Ukraine.
$300 billion in assets
The Group of 7 industrialized countries “froze” around $300 billion in Russian assets shortly after Russia invaded its neighbor in February 2022.
“We are making progress in our discussions on possible ways to move forward with windfall gains arising from ‘frozen’ Russian assets for the benefit of Ukraine,” the G7 said, according to a draft final statement seen by Reuters.
G7: Towards a new sanctions package against Russia
Their decision to increase sanctions against Russia The G7 Finance Ministers, who concluded their meeting in Stresa, on the shores of Lake Maggiore, in Italy, expressed their views through a draft final communiqué.
Ministers said today they were “determined to increase sanctions” against Russia’s financial and economic sector to “reduce” its revenues, according to a draft final statement obtained by AFP.
Among the ways considered, the ministers suggested “continuing to target Russia’s energy revenues and its future export potential.”
Sources: AMPE, Reuters