Biden eyes June deadline for plan on Russian assets

EU leaders are reluctant to seize the frozen billions, fearing retaliation and damage to the euro President Joe Biden is pushing his fellow Group of Seven (G7) leaders to make progress on a plan to use frozen Russian assets to fund Kiev by the time they meet in June, Bloomberg reported on Thursday, citing people familiar with the matter. While the UK and Canada both advocate the seizure of blocked Russian sovereign assets for use funding Ukraine’s military and reconstruction, France and Germany both have reservations. Most of the funds are located in the EU, primarily at the Belgium-based clearing house Euroclear

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