Putin calls G7 deal on frozen Russian assets for Ukraine loan ‘theft’

Russian President Vladimir Putin has denounced a deal reached by the Group of Seven (G7) nations to use frozen Russian assets to help finance Ukraine's post-war reconstruction as "theft." The agreement, which was announced at the G7 summit in Hiroshima, Japan, aims to use the frozen assets, estimated to be worth hundreds of billions of dollars, to provide financial support to Ukraine. The G7 leaders emphasized that the funds will be used to rebuild Ukraine and compensate for the damage caused by the ongoing war. However, Putin dismissed the deal as illegal and asserted that Russia will not allow its assets to be used for such purposes. He accused the G7 of "stealing" from Russia and said that such actions will only escalate the conflict. The G7 has defended its decision, arguing that it is essential to provide Ukraine with the resources it needs to recover from the war. They maintain that the use of frozen assets is justified given the ongoing conflict and Russia's actions. The dispute over the frozen assets is the latest flashpoint in the escalating tensions between Russia and the West. The international community remains divided over the legality and ethics of using frozen Russian assets to fund Ukraine's reconstruction, with legal experts arguing that it raises complex questions about property rights and international law.

Summary

"The G7's decision to use frozen Russian assets to help Ukraine has been met with strong condemnation from Putin, who called it "theft." The dispute highlights the escalating tensions between Russia and the West and raises complex legal and ethical questions about the use of frozen assets in international conflicts."