Group of 7 officials how to use $300 billion in frozen Russian central bank assets to aid Ukraine

 

After European countries expressed reservations about the legality of outright seizing the assets, they agreed that it would be possible to back a $50 billion loan with the stream of interest that the assets earn.

A senior Biden administration official, who requested anonymity to speak about internal discussions, said that 

The United States needed assurances that codify the commitments of the Group of 7 leaders, who had agreed that Russia’s sovereign assets would remain immobilized until the war ends and until Russia repays Ukraine for the damage it had caused.

New York Times 17 September 2024

https://www.nytimes.com/2024/09/17/business/ukraine-aid-g7-russian-assets.html

The complication is that neither Belgium nor any of the Group of 7 nations is at war with Russia

https://englundmacro.blogspot.com/2024/07/eu-options-to-freeze-russian-assets-for.html