UK Foreign Secretary calls for “creativity” in using Russian assets to aid Ukraine
Pravda Ukraine
UK Foreign Secretary David Cameron has called for a “creative” approach to using frozen Russian assets to aid Ukraine, following a meeting of G7 foreign ministers on the Italian island of Capri on 18 April.
Source: AFP citing Cameron, as reported by European Pravda
Details: While talking with journalists, Cameron said Western countries had to find ways of using Russian assets to aid Ukraine and have reached a consensus on how to do so.
Quote: “I’m in no doubt we will find a way, but we’re going to have to be creative, we’ll have to be flexible.”
Background:
- Cameron’s remarks came amid growing calls in the US and Europe to set up a fund for Ukraine using billions of dollars of Russian assets frozen by the West following Russia’s full-scale invasion of Ukraine in 2022.
- Cameron was the first to openly suggest using these assets as a loan for Kyiv.
- The European Union is currently developing a plan to use a percentage of the income from Russian assets, but some countries, such as Poland and Estonia, believe that the West should use all frozen Russian assets.
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