G7 mulling Russian asset seizures to help rebuild Ukraine, German finance minister says

BERLIN, Might 20 (Reuters) – Seizing Russian condition property to assist finance the rebuilding of war-torn Ukraine continues to be a likelihood, German Finance Minister Christian Lindner claimed on Friday, but he extra that no decision on the make a difference was taken at a conference with his G7 counterparts.

“We talked about the continuation of sanctions in relationship with Ukraine and talked about the challenge of the confiscation of Russian belongings,” Lindner said, wrapping up day two of the talks.

Referring to seizing Russian point out property, he claimed: “It is an option that still needs to be thought by means of.”

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Canadian Finance Minister Chrystia Freeland told reporters the G7 talked over “at some length” the plan of seizing Russian belongings and applying them to assist spend for the reconstruction of Ukraine.

Canada is in the approach of passing a law to be in a position to confiscate Russian belongings that it has seized and funnel the funds back again to Ukraine for reconstruction. browse far more

“Countries broadly were being in the similar posture as Canada, which is they did not have the legislative authority to actually confiscate belongings. The authority that we experienced previously would freeze the property,” she claimed.

“There was a large amount of desire from other G7 companions in the Canadian laws, tons of thoughts about it,” Freeland advised Canadian reporters in a connect with from Munich.

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Reporting by Paul Carrel and Rachel More, and by Julie Gordon and Steve Scherer

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