Live
- Over 7,600 Syrians return from Turkiye in five days after Assad's downfall: minister
- Delhi BJP leaders stay overnight in 1,194 slum clusters
- Keerthy Suresh and Anthony Thattil Tie the Knot in a Christian Ceremony
- AAP, BJP making false promises to slum dwellers for votes: Delhi Congress
- 'Vere Level Office' Review: A Refreshing Take on Corporate Life with Humor and Heart
- Libya's oil company declares force majeure at key refinery following clashes
- Illegal Rohingyas: BJP seeks Assembly session to implement NRC in Delhi
- Philippines orders full evacuation amid possible volcanic re-eruption
- Government Prioritizes Welfare of the Poor, says Dola Sri Bala Veeranjaneyaswamy
- Two Russian oil tankers with 29 on board damaged due to bad weather
German minister says 'work to do' on frozen Russian assets for Kiev
The Group of Seven (G7) industrialised democracies still have "a lot of work to do" on using interest generated from frozen Russian assets to aid Ukraine, German Finance Minister Christian Lindner said on Saturday.
Stresa (Italy): The Group of Seven (G7) industrialised democracies still have "a lot of work to do" on using interest generated from frozen Russian assets to aid Ukraine, German Finance Minister Christian Lindner said on Saturday.
"We are prepared to take further and smarter entrepreneurial approaches to financing," Lindner said at a meeting of G7 finance ministers in northern Italy,
However, the "risks for taxpayers must be minimized and ruled out," he added.
EU member states previously decided to use interest from the €210 billion ($227 billion) in assets of the Russian central bank that are frozen inside the bloc to finance military aid for Ukraine.
The United States considers this approach to be too hesitant and instead wants the G7 to give Ukraine a large loan secured by the interest income. This loan could be for $50 billion -- significantly more than the €3 billion envisaged by the European Union.
Intensive talks on the details are set to take place in the coming weeks. The aim is reportedly to reach an agreement at the summit of G7 heads of state and government in mid-June in the southern Italian region of Apulia.
