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G7 leaders agree on fairness of forcing Russia to pay for Ukraine reconstruction: U.S. official

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Leaders from the G7 group of industrialized nations agree on the “fairness” of forcing Russia to pay for the prices of reconstruction of Ukraine, a senior Biden administration official mentioned Friday amid the Kremlin’s ongoing invasion of its japanese European neighbor.

“There was an agreement, there was an understanding that the costs are mounting, and the conversation really focused on the fairness of forcing Russia to pay rather than taking on more of the burden among G7 countries,” the official advised reporters on situation of anonymity.

The feedback come after G7 leaders agreed to mortgage Ukraine $50 billion in seized Russian sovereign funds, which they mentioned sends “an unmistakable signal to President Putin,” referring to Russian President Vladimir Putin.

“We are stepping up our collective efforts to disarm and defund Russia’s military industrial complex,” they added.

The official mentioned that G7 nations will take part within the mortgage scheme via three predominant avenues. They embody loaning Ukraine the Russian funding by way of an middleman, contributing earnings to repay the mortgage, or serving as a guarantor to the lenders for some portion of the whole quantity.

The U.S. has agreed to supply $15 billion and Canada has agreed to dedicate $5 billion.

The EU, for its half, must go to its 27 member states to get their dedication to what the official described because the “continued immobilization of the Russian reserves.”

“Once that step has been taken, the EU will be in a position to decide what portion of the $50 billion loan they wish to take on. The suggestions that were made this week were that it could be as much as half of the entire loan,” he mentioned.

Russia invaded Ukraine in 2022, and has continued to occupy huge swathes of the nation’s east amid a stalemate with Ukrainian forces. Ukraine’s Crimean Peninsula has been underneath occupation since 2014.

Source: www.anews.com.tr

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