G7 explains when Russian assets will be unfrozen ...News

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The funds will be released after the conflict with Kiev is resolved and Moscow pays for the damage, the group says Russian assets frozen by the G7 nations will remain “immobilized” until the Ukraine conflict is resolved and Moscow has to pay reparations, the group of industrialized economies has said. “Any resolution to the conflict must ensure Russia pays for the damage it has caused,” the Group of Seven stated on Tuesday in a joint communique of foreign ministers who met this week in Japan. The ministers also announced their intention to intensify the economic restrictions on Russia and to punish third parties

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