Canadian Finance Minister Chrystia Freeland told reporters she believes an agreement is close to being reached using Russian assets frozen in the West. This meeting is taking place at a time when Ukraine is putting pressure on its allies to obtain more assistance on its territory, while Russia continues to strengthen its attack.
according to guardianThe British Foreign Secretary revealed that he agreed to help Ukraine with funds from Russian assets frozen in Britain.
The Canadian minister’s statements come in the wake of statements by the President of the World Bank in which he said that he agreed with the idea of the G7 lending money to Ukraine, through Russian assets. Ajay Banga explained during the meeting that the World Bank has experience in establishing funds, as it did in Afghanistan.
Giancarlo Giorgetti, Italy’s finance minister, agreed with his name and said he hoped a plan could be presented in the future.
But the German minister expressed reservations. “There are many unresolved issues, unanswered questions. I do not expect any decision to be made, the matter is very complicated. There are still many open questions,” Christian Lindner declared.
In the European Union, there is already an agreement under which profits from Russian goods go into a fund, 90% of which is used to provide military aid to Ukraine, and the remaining 10% for other forms of aid. The European Union hopes that aid will reach 15 billion euros by 2027. Ukraine is expected to receive the first batch as early as July.
The United States also has a plan to lend money to Ukraine, but it still faces many technical problems. Lawyers from around the world believe that the assets can be seized without any legal problems, claiming that the Russian attack violates international law.
Ukraine continues to request further assistance from the international community and the International Monetary Fund.
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