G7 leaders are meeting in Puglia, Italy, this week. At the top of their agenda: the tricky details of how to use frozen Russian assets to support Ukraine.
Ukraine's President Volodymyr Zelenskyy is welcomed by Italy's Prime Minister Giorgia Meloni at the G7 Summit on June 13.
When Russia invaded Ukraine in 2022, Western governments froze about $300 billion in Russian assets — including money, securities, gold and bonds — held mainly in banks in Europe. The European proposal had been for about $3 billion a year go to Ukraine, and only interest from a certain part of the frozen Russian assets — $190 billion held by a company called Euroclear in Belgium — to be shared.
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