"It's An Option": G7 On Seizing Russian Assets To Help Rebuild Ukraine

Russia-Ukraine War: The German Finance Minister Christian Lindner said that that no decision on seizing Russian state assets was taken at a meeting with his G7 counterparts.

'It's An Option': G7 On Seizing Russian Assets To Help Rebuild Ukraine

The minister said: "It is an option that still needs to be thought through."(File)

Berlin:

Seizing Russian state assets to help finance the rebuilding of war-torn Ukraine remains a possibility, German Finance Minister Christian Lindner said on Friday, but he added that no decision on the matter was taken at a meeting with his G7 counterparts.

"We talked about the continuation of sanctions in connection with Ukraine and discussed the issue of the confiscation of Russian assets," Lindner said, wrapping up day two of the talks.

Referring to seizing Russian state assets, he said: "It is an option that still needs to be thought through."

Canadian Finance Minister Chrystia Freeland told reporters the G7 discussed "at some length" the idea of seizing Russian assets and using them to help pay for the reconstruction of Ukraine.

Canada is in the process of passing a law to be able to confiscate Russian assets that it has seized and funnel the money back to Ukraine for reconstruction.

"Countries broadly were in the same position as Canada, which is they did not have the legislative authority to actually confiscate assets. The authority that we had previously would freeze the assets," she said.

"There was a lot of interest from other G7 partners in the Canadian legislation, lots of questions about it," Freeland told Canadian reporters in a call from Munich.

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