EU Mulls Open-Ended Immobilization of Russian Assets ...Middle East

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EU Mulls Open-Ended Immobilization of Russian Assets
source : OILPRICE ( Middle East ) () 42
The European Union and the Group of Seven (G7) leading industrialized nations are slowly gearing up new legislation that will allow a $50 billion loan to go to Ukraine by the end of the year. The political decision for that loan was already agreed when the G7 met in Italy for its annual summit on June 13-15. In the communique from the meeting, it was stated that “we decided to make available approximately $50 billion leveraging the extraordinary revenues of the immobilized Russian sovereign assets, sending an unmistakable signal to President…

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