G7 weighs Russian asset seizures to help rebuild Ukraine: German minister

BERLIN: The seizure of Russian state assets to help finance the reconstruction of war-torn Ukraine remains a possibility, German Finance Minister Christian Lindner said on Friday, but added that no decision had been made on the matter at a meeting. with their G7 counterparts.
“We talked about the continuation of sanctions in relation to Ukraine and we discussed the issue of confiscation of Russian assets,” Lindner said at the conclusion of the second day of the talks.
Referring to the seizure of Russian state assets, he said: “It is an option that still needs to be thought through.”
Canadian Finance Minister Chrystia Freeland told reporters the G7 discussed “at some length” the idea of ​​seizing Russian assets and using them to help pay for Ukraine’s reconstruction.
Canada is in the process of passing a law so it can seize Russian assets it has seized and channel the money back to Ukraine for reconstruction.
“Generally speaking, countries were in the same position as Canada, that is, they didn’t have the legislative authority to seize assets. The authority that we had previously would freeze assets,” he said.
“There was a lot of interest from other G7 partners in the Canadian legislation, a lot of questions about it,” Freeland told Canadian reporters in a call from Munich.

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