U.S. close to strike a big blow on Russia

Written by Jeppe W

Dec.18 - 2023 8:46 AM CET

Photo: Shutterstock.com
Photo: Shutterstock.com

Trending Now

The United States is reportedly exploring new avenues to seize frozen Russian assets and transfer them to Ukraine, as per recent developments shared by the Financial Times.

Amidst ongoing private negotiations, the U.S. has presented a more assertive approach in G7 meetings, suggesting that it has identified a method to carry out asset confiscation while adhering to international law.

This initiative by the U.S. comes at a time when Western countries are revisiting the idea of redirecting frozen Russian assets to assist Ukraine. An anonymous official indicated to the Financial Times that the U.S. is optimistic about reaching a decision on this matter swiftly.

The topic is likely to be on the agenda at a potential G7 leaders' meeting, which would coincide with the second anniversary of Russia’s full-scale invasion of Ukraine.

The renewed focus on asset confiscation emerges amidst political frictions within the European Union and the United States. These internal disagreements have hindered the process of allocating substantial financial aid to Ukraine, estimated to be in the tens of billions of dollars.