Financial Times: US finds legal way to transfer Russian assets to Ukraine

The White House has told representatives of the G7 countries that it has found a way to confiscate Russian foreign assets in favor of Ukraine that "complies with international law."

Source. This was reported by The Financial Times.

It is noted that the US authorities do not speak openly on this issue, but in private conversations, Washington representatives are more open.

This initiative is publicly supported by David Cameron, the British Foreign Secretary. He suggested that the United States and Britain should join forces to confiscate Russian assets at a hearing in a British parliamentary committee on Thursday.

When asked about the impact such actions would have on potential investors, Cameron replied that the assets were already frozen, and other investors were not particularly concerned.

European countries such as Germany, France, and Belgium are in no hurry to make decisions on confiscating Russian assets, pointing out that they are protected by international law. Most of these assets are located in Europe.

However, the publication quotes a Western official as saying that there is a "growing consensus" in the G7 that Russian money should be handed over to Ukraine.

In April, Volodymyr Zelenskyy appealed to the international community to seize the frozen assets of Russian officials and oligarchs and transfer them to Kyiv. These funds should be used to rebuild buildings that were destroyed during the war.

Background. It was also reported that the European Commission will soon present a plan to transfer taxes from frozen Russian assets to Ukraine.