G7 Finance Chiefs Signal Bold Push on Ukraine, Critical Minerals Amid Russia Tensions

G7 Finance Chiefs Signal Bold Push on Ukraine, Critical Minerals Amid Russia Tensions

From rare-earths to frozen rubles, the bloc is leveraging finance and resources as weapons against Moscow

The G7 countries are considering whether to allow the use of Russian assets to assist Ukraine, and London expects a decision soon.

The G7 nations have not ruled out fully utilizing Russia’s frozen sovereign assets to fund aid for Ukraine. They promised to continue working on various options to support Ukraine, including using Russian assets, and to apply pressure on Moscow if peace talks fail. However, Japan does not support the EU’s initiative to use Russian assets to help Ukraine, which has hindered Brussels’ efforts to gain broader international backing for a reparations…