Germany is ready to support the US plan for income from Russian assets

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Germany is ready to support the US plan for income from Russian assets

Germany is ready to support the US plan to use proceeds from frozen Russian assets to provide financial assistance to Ukraine, Bloomberg reports, citing sources. The move is aimed at supporting Ukraine through ongoing conflict and reconstruction.

Earlier, the Financial Times reported that the United States is pushing the G7 countries to provide Ukraine with a loan secured by future income from frozen assets of the Russian Federation. This plan is seen as a precaution against the possible return of Donald Trump to the presidency of the United States, who previously expressed doubts about the need to finance Kyiv.

German officials expressed their readiness to support the US initiative. However, according to sources, a final agreement on the use of proceeds from frozen Russian assets may not be reached before the meeting of G7 leaders, which is scheduled for June 13-15. Implementation of this plan will likely begin no earlier than next year.

The American administration has repeatedly stated its intention to agree on a common approach to the use of Russia’s sovereign assets at the G7 leaders’ summit in Italy. It was expected that agreements on this issue could be reached at the May meetings of the heads of the finance ministries.

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