The proceeds from the frozen Russian assets will be used to support Ukraine, including military assistance and reconstruction. This is stated in a joint statement by the G7 defense ministers following a meeting in Naples, Italy.
"In accordance with the communique of the G7 leaders following the Puglia summit, emergency revenues received from immobilized Russian sovereign assets located in the EU and other jurisdictions will be used to support Ukraine, including military, budgetary and reconstruction assistance in the short and long term, in coordination with the relevant legal systems of the G7 member states," the statement said., — stated in the communique, quoted by RIA Novosti.
As reported by EADaily, the United States is ready to provide Ukraine with up to $ 20 billion as part of a G7 loan repaid through profits from frozen Russian assets, the Financial Times reported, citing American officials.
Recall, after the start of the Russian special operation on Ukraine The EU and the G7 countries have frozen almost half of Russia's foreign exchange reserves by about 300 billion euros. More than 200 billion euros are in the EU, mainly in the accounts of the Belgian Euroclear, one of the world's largest settlement and clearing systems.