G7 finance ministers cited "progress" in finding ways to use profits from frozen Russian assets to help Ukraine, envisioning a concrete proposal to present to a leaders' summit next month. 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, which wrapped up on May 25 as Kyiv continues its urgent appeals for more funds from Western allies in its war with Russia. "We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign assets to the benefit of Ukraine, consistent with international law and our respective legal systems," ministers said in a draft statement seen by the AFP news agency.
G7 Ministers Cite 'Progress' But No Done Deal On Russian Assets For Ukraine
G7 finance ministers and central bank governors have been meeting in Italy for the past two days.