G7 Continues to Explore Options for Utilizing Frozen Russian Assets to Aid Ukraine

Efforts to tap into $300 billion in frozen Russian assets are ongoing, with legal and financial implications under scrutiny.

U.S. Treasury Secretary Janet Yellen emphasizes the need for a legal rationale to use frozen Russian assets to support Ukraine, amid deep divisions among G7 allies.
The EU and US are considering various options, including using the assets as collateral for loans or seizing profits for Ukraine's war effort.
European Commission President Ursula von der Leyen proposes using profits from frozen assets to purchase military equipment for Ukraine.
Legal and financial concerns, including potential retaliation from Russia and impacts on global financial markets, are central to the debate.
G7 leaders are tasked with developing viable options for the June summit, with the urgency to aid Ukraine underscored by military setbacks.