The New Voice of Ukraine
US and allies continue discussions on transfer of frozen Russian assets to Ukraine — Kirby
The New Voice of Ukraine – January 4, 2024
The United States, along with its allies, is still in discussions regarding the transfer of frozen Russian assets to Ukraine, White House National Security Council Coordinator John Kirby said during a press briefing on Jan. 3.
While the focus is currently on supporting Kyiv in countering Russian aggression, the U.S. is still engaged in conversations “with our partners about what the post-war reconstruction and recovery in Ukraine should look like.
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“But obviously our main focus right now is to help them counter Russian aggression,” Kirby said.
The U.S., in collaboration with the EU, is exploring legal avenues to redirect $300 billion of Russian assets for the reconstruction and other needs of Ukraine, U.S. Secretary of State Antony Blinken said on Oct. 5.
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The Group of Seven (G7) is approaching the possibility of seizure of Russian assets for transfer to Ukraine, the Financial Times wrote on Dec. 16.
The United States, which had not previously publicly supported the idea of confiscation, told its G7 allies that it had found the funds to seize assets “in accordance with international law.”
“G7 members may take action to confiscate Russia’s sovereign assets as a retaliatory measure to end Russia’s aggression,” said the U.S. document, which was distributed to G7 committees.
Blinken and UK Foreign Secretary David Cameron held a telephone conversation to discuss support for Ukraine, the State Department reported on Jan. 2.
Ukraine will continue to resist Russia with the resources it has and does not have an alternative action plan while waiting for Western aid, Ukrainian Foreign Minister Dmytro Kuleba told CNN on Jan. 3.