The G7 did not come to an agreement on the mechanism for transferring the Russian Federation’s frozen assets to Ukraine.

At a meeting in Washington, finance ministers of the G7 countries could not agree on ways to use the Russian assets to support Ukraine, writes Reuters.

After an inconclusive debate, the G7 ministers said: “We reaffirm our determination to ensure that Russia pays for the damage it has caused to Ukraine. Until then, the sovereign assets of the Russian Federation in our jurisdictions will remain immobilized. We will continue to work on all possible ways by which the frozen Russian assets can be used to support Ukraine in accordance with international law and our legal systems.”

Certain decisions are expected to be made before the summit of G7 leaders in Apulia (Italy) in June.

Previously, Washington supported fully confiscating €260B in assets and their transfer to Ukraine. However, the EU countries propose to give Kyiv only the profit obtained from basic assets. However, Ukraine urgently needs more money, as additional US aid is delayed in Congress.