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FT: The West will issue debt to help Kyiv using Russian assets

Western countries are developing plans to issue debt to finance Ukraine, proposing to use Russian assets as collateral to repay the debt, the British newspaper Financial Times reports, citing sources.

According to the publication, the coalition supporting Ukraine is demanding that Russia pay its debt and, if it refuses, seize frozen Russian assets instead.

According to sources, such plans were distributed by the Belgian authorities among the G7 countries. Officials from two G7 countries have confirmed that the option of releasing frozen Russian funds for Ukraine is currently being considered.

On January 29, the permanent representatives of the EU countries agreed on the European Commission’s proposal on the use of income from Russian assets frozen in EU countries.

According to the European diplomat, the proposal is to store the proceeds from Russia’s frozen assets in special accounts with the possibility of using them in the future to finance Ukraine.

Previously reportedthat the West hoped to establish control over all of Ukraine and Crimea.

Message FT: The West will issue debt to help Kyiv using Russian assets appeared first on Public news service.

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