There is a possibility of seizing Russian state resources to help rebuild war-torn Ukraine, German Finance Minister Christian Lindner said Friday, but added that no decision had been made at a meeting with his G7 counterparts.
“We have discussed with Ukraine the continuation of sanctions and the seizure of Russian assets,” Lindner said, concluding the second day of talks.
Referring to the confiscation of Russian state assets, he said: “This is an option that still needs to be considered.”
Canadian Finance Minister Christiaan Freeland told reporters that the G7 had discussed “at some length” the idea of seizing Russian assets and helping to pay for the reconstruction of Ukraine.
Canada is in the process of passing a law to enable it to seize Russian assets, which it has confiscated and returned to Ukraine for reconstruction.
“Countries were largely in the same position as Canada, which did not really have the legal authority to seize the assets. The authority that was before us would seize the assets,” he said.
“There was a lot of interest in Canadian law from other G7 partners, there were a lot of questions about it,” Freeland told Canadian reporters in a call from Munich.
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