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Finance Ministers and Central Bank Governors pose for the family picture at the G7 Finance Ministers meeting in Stresa, northern Italy, May 24, 2024
THE United States sought to build support for squeezing more money for Ukraine out of frozen Russian assets today as finance ministers from the Group of Seven rich countries opened a two-day meeting in Italy.
US Treasury Secretary Janet Yellen pushed for “more ambitious options” to unlock money from some $260 billion (£204bn) of Russian central bank reserves frozen in Europe and the US in the wake of the February 24 2022 invasion.
Aid for Ukraine has become more urgent as Kiev’s financial position weakens with the prospect that the conflict will last through next year and beyond and as Russia steps up its destruction of civilian infrastructure such as power stations.
The federal government’s plans to finance the war in Ukraine with Russian assets, and a possible deployment of German troops, put the population in Germany in the highest danger, argues SEVIM DAGDELEN
