G7 members are “warming” to the idea of borrowing money against profits from seized Russian assets, the newspaper reports The White House is using the risk of a potential victory for Donald Trump over Joe Biden in the US presidential election to push the G7 into using Russian assets to fund Ukraine, the Financial Times reported on Sunday. Western nations have frozen some $300 billion in Russian sovereign assets since Moscow launched its military campaign against Ukraine in February 2022. Washington initially pushed for the outright confiscation of the money so that it could be used to cover Kiev’s needs. A number
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