The United States and G7 allies are exploring ways to unlock nearly $300 billion in frozen Russian assets to help Ukraine, with options such as using the assets as collateral or confiscating interest income being considered.
The meeting of G20 finance ministers in Brazil ended without a joint statement due to disagreements between the countries over the assessment of the war in Ukraine and its impact on the global economy.
The G7 leaders disagreed on the legality of the withdrawal of frozen Russian assets in favor of Ukraine, with France disputing the US position that this is allowed under international law.
The German Finance Minister proposes to use the interest from frozen Russian assets totaling billions of dollars to finance Ukraine's defense against Russian aggression.