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Russian President Putin labels utilization of frozen Russian funds as "theft."

Vladimir Putin, Russia's President, has referred to the freezing of Russian assets overseas and their utilization to fund Ukraine as "theft." According to the Kremlin chief, several Western nations have seized sections of Russia's assets and foreign currency reserves. "They're now trying to...

Russian President Vladimir Putin
Russian President Vladimir Putin

Russian President Putin labels utilization of frozen Russian funds as "theft."

During a conference in Italy, the rulers of the seven prominent industrial nations (G7) realized on Thursday that they might utilize the profits from seized Russian funds to fund a maximum 50 billion Euro loan to Kiev.

Ukrainian President Volodymyr Zelenskyy commented, "Russia should compensate us." Additionally, he advocated for the EU and the G7 to seize and reclaim the 300 billion Euro worth of frozen Russian Central Bank assets without any reimbursement. Unfortunately, this request was rejected for legal reasons.

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