US proposes G7 explore ways to confiscate $300 billion in Russian assets -FT

4 months ago 94

(c) Copyright Thomson Reuters 2023

(Reuters) – The United States has proposed that working groups from G7 countries explore ways to seize $300 billion in frozen Russian assets, the Financial Times reported on Thursday.

The United States, backed by the UK, Japan and Canada, has proposed moving forward with preparatory work so that options would be ready for G7 leaders to consider at a potential meeting around Feb. 24, according to the report.

(Reporting by Urvi Dugar in Bengaluru; Editing by Tom Hogue)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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