#G7 finance ministers will lay the groundwork for using the profits from frozen #Russia assets to help #Ukraine, according to a draft of the communique that they’re set to sign off on Saturday.
The move comes after the #US pushed for the G-7 to leverage future revenue generated from about $280 billion in Russian central bank funds, most of which lies immobilized in Europe. The plan could unlock an aid package of as much as $50 billion for Ukraine.
Konflikt mit China: Was können die G7 im Handelsstreit erreichen?
In Italien treffen sich die Finanzminister und Notenbanker der G7. Im Mittelpunkt steht der Handelskonflikt mit China. Wie sehen Finanzprofis die Lage und was erwarten sie von den G7? Von Heidi Radvilas.
#Washington’s #G7 allies are warming to a #US plan to rush tens of billions of dollars in funding to #Ukraine before Donald #Trump’s potential return to the White House.
Under the plan, set to be discussed at a June summit, #Kyiv would receive money upfront from a G7 loan. The loan would be backed by future profits generated from around $350bn of Russian assets which have been immobilised in the west in response to Moscow’s full-scale invasion of Ukraine.
🔓 We are telling #G7 leader that the #AI infrastructure must be #open.
✊🏾 Find out more on our blog about the actions recommended for the #T7Italy Summit by @okfn, @openfuture, Digital Public Goods Alliance, CEP and MicroSave:
In #Ottawa sprach BMin #Geywitz mit Kanadas Minister für Infrastruktur und kommunale Angelegenheiten Sean Fraser über die Vertiefung der Zusammenarbeit zwischen 🇨🇦 und 🇩🇪. Im Zentrum des Gesprächs stand das in Potsdam gefasste Ziel der #G7, Städte und Gemeinden lebenswert zu entwickeln und sie gegen die Folgen des #Klimawandels widerstandsfähiger zu machen. Die Minister tauschten sich zudem Innovationen im Bereich nachhaltiger #Baumaterialien und industrieller #Vorproduktion beim Bauen aus.
The United States is leading talks among the Group of Seven (G7) nations to develop a military aid package to Ukraine worth up to $50 billion, Bloomberg reported on May 3. The package would reportedly be funded by the profits generated by accrued interest on frozen Russian assets.
Energy & climate ministers agreed a time frame Tues for phasing out coal-fired power plants that aren't equipped to capture emissions in a significant step towards curbing FF use.
G7 2-day meeting: 1st big pol session since the world pledged at: COP28 climate summit in Dec to transition away from coal, oil & gas.
G7-Minister einigen sich grundsätzlich auf Kohleausstieg bis 2035
Die Energieminister der G7-Staaten haben sich auf einen gemeinsamen Kohleausstieg bis 2035 geeinigt. Der endgültige Beschluss soll heute veröffentlicht werden. Am Rande des Treffens kam es zu Protesten.
G7 ministers gather in Italy for 'strategic' talks on #ClimateChange
"Together the #G7 [Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States] makes up around 38 percent of the global economy and was responsible for 21 percent of total greenhouse gas emissions in 2021.
Not one member of the group is on track to meet existing emission reduction targets for 2030."
"We are witnessing a historic process -- Russians are leaving for the first time in two centuries," independent Azerbaijani analyst Elhan Shahinoglu told AFP.
#EU senior diplomats meeting on Wednesday agreed a compromise on using the estimated €4.4bn #WindfallProfits to aid #Ukraine, smoothing over a dispute about #Taxation and #ManagementCosts in #Belgium, the country where most of the frozen assets are held.
The EU deal opens the door to a broader discussion in the #G7 about using #Russia’s frozen billions of assets,
Reuters: G7 will support using frozen Russian assets revenue to fund Ukraine (kyivindependent.com)
The G7 finance ministers are set to meet on May 24, where they will work out the details to come to a final decision before a summit in Italy in June.
Bloomberg: US leading efforts within G7 to develop $50 billion aid package to Ukraine (kyivindependent.com)
The United States is leading talks among the Group of Seven (G7) nations to develop a military aid package to Ukraine worth up to $50 billion, Bloomberg reported on May 3. The package would reportedly be funded by the profits generated by accrued interest on frozen Russian assets.