PNN – Bloomberg reported that the West and its allies are negotiating to use Russian assets as collateral for the reconstruction of Ukraine.
According to the International group of Pakistan News Network, The Group of 7 and the European Union are discussing a plan to use more than $250 billion in frozen Russian assets as collateral to help rebuild Ukraine, Bloomberg reported Sunday, citing sources familiar with the matter.
Under the proposal, Ukraine’s allies could sell their debt to help rebuild the war-torn country, using frozen assets as collateral.
Proponents of the plan believe that any settlement of the dispute based on international law will oblige Russia to pay for the damage it has caused to its neighbor, informed sources told Bloomberg. If Russia refuses, claims may be made about frozen assets.