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International Business Times
International Business Times
Business
Brigitte HAGEMANN, Alexandria SAGE

G7 Ministers Cite 'Progress' But No Deal On Russian Assets For Ukraine: Draft Statement

G7 finance ministers agreed to use interest from frozen Russian assets for Ukraine (Credit: AFP)

G7 finance ministers said on Saturday they were making "progress" in finding ways to use profits from frozen Russian assets to help Ukraine, according to a draft statement from a summit in Italy.

A search for creative yet legally sound solutions was top of the agenda at the two-day Group of Seven meeting in Stresa, northern Italy, as Kyiv continues its urgent appeals for more funds from Western allies in its third year of war with Russia.

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