An agreement was advanced to obtain funds obtained from Russian accounts. If Russian assets are ever unfrozen, the windfall can no longer be used to repay the loan, requiring a burden-sharing agreement.
At this G7 summit it is expected that the American presidents Joe Biden and ukrainian Volodímir Zelenskisign a bilateral security agreement, which would use interest earned on frozen Russian assets to aid Ukraine’s war effort.
The risk of Russian accounts
Although until now European officials if you have resisted confiscating assets completely, G7 nations have reached an agreement so that the United States can back a 50 billion euro loan to Ukraine using the frozen russian assets as a guarantee.
Although the political decision has already been made, the issues still remain to be resolved. details technical and legal aspects of the agreement.
And it’s not simple: if Russian assets are ever unfrozen, the windfall will no longer be able to be used to repay the loan, requiring a settlement agreement. burden sharing with other countries.
There are frozen foods all over the world 260,000 million euros of Russian central bank funds, most of them are in the European Union and particularly in Belgium. All of them were blocked after Russia launched its invasion of Ukraine in February 2022.
Once again the United States has said that will not send soldiers to defend Ukraine for fear of being drawn into a direct conflict with Russia.
As several G7 leaders now face elections Between now and the end of the year, the pressure is high to make progress on global security issues.
Additional sources • Enrique Barrueco (Voice-over)
