G7 assembly: Federal authorities rejects use of frozen Russian property | EUROtoday

The federal authorities has spoken out in opposition to US plans to freeze Russian property for the Ukraine to make use of. “Our position remains: It's about the income from the frozen assets. It's not about the assets themselves,” mentioned authorities spokesman Steffen Hebestreit.

A spokeswoman for the Ministry of Finance additionally mentioned that the proceeds could be used. However, the inventory of Russian central financial institution property stays unaffected. “This means that fundamental principles of international law such as state immunity are preserved,” the spokeswoman continued.

The Reuters information company reported, citing sources within the Federal Ministry of Finance, that Germany was open to even larger use of the proceeds from frozen Russian property. A German authorities consultant mentioned this can be a subject on the G7 assembly in Italy on the finish of the week.

At the assembly, the finance ministers of the G7 international locations wish to talk about how Ukraine could be financed in the long run. The USA wish to confiscate frozen Russian property totally or not less than use them as safety for securities or loans. Germany and different EU states had expressed authorized issues.

This article will proceed to be up to date.