G7 ministers discuss what to do with $300 billion of frozen Russian assets | DW News

Finance ministers from the world's seven richest nations, the G7, have agreed to continue freezing Bbillions of dollars of Russian assets held by western governments since the beginning of the war in Ukraine. G7 finance ministers meeting in Canada issued a statement saying that the assets could be used to help pay for Ukraine's reconstruction after the war - and that further sanctions could be imposed on Russia if no ceasefire is reached. The US and EU took control of about 300 billion dollars in sovereign Russian assets on deposit mostly in European bank accounts in 2022. David Shimer believes those Russian billions should be spent on military aid for Ukraine. He's a researcher at Columbia University’s School of International & Public Affairs and has served on the White House National Security Council as Director for Eastern Europe and Ukraine, and as Director for Russian Affairs. He's also author of the book, "Rigged: America, Russia, and 100 Years of Covert Electoral Interference".