The US has proposed to its Group of Seven allies the creation of a special purpose vehicle to issue at least $50 billion in bonds backed by frozen Russian sovereign assets. The proceeds would support Ukraine's war effort. The proposal is part of efforts to assist Ukraine amid the conflict with Russia, with $60 billion in US aid also under consideration by Congress. There is debate within the G7 on whether to transition from freezing to seizing Russian funds to further assist Ukraine, drawing some backlash.
🌎🇺🇸🇬🇧🇷🇺 Russian frozen assets - to steal or not to steal For more than two years the best lawyers and financiers have been puzzling over how to formalize the seizure of frozen assets of the Russian Central Bank without losing the confidence of other investors. Against the… https://t.co/pLqXSY25Jg
NEW @zeguoqiang: The question at the moment is whether G7 states will make the crucial transition from "freezing" to "seizing" – i.e., liquidate Russia funds and then reallocate them to assist Ukraine. It's drawing backlash. https://t.co/F2rC1iNHsX
The U.S. proposed a $50 billion bond program backed by frozen Russian assets to fund Ukraine’s war effort. https://t.co/oYpv5y8YJu
I love this idea: @Bloomberg is reporting that the US proposed to the G7 the creation of ~$50 billion in war bonds (backed by frozen Russian sovereign assets) to support Ukraine. (~$60B in proposed US aid is still being debated in Congress.) https://t.co/jTKM6KsyeO
The US proposed to its Group of Seven allies that they create a special purpose vehicle to issue at least $50 billion of bonds backed by the profits generated by frozen Russian sovereign assets and use the proceeds to support Ukraine https://t.co/otxNPOZka5
The US proposed to its Group of Seven allies that they create a special purpose vehicle to issue at least $50 billion of bonds backed by the profits generated by frozen Russian sovereign assets and use the proceeds to support Ukraine, https://t.co/otxNPOZka5