Euro-Area Finance Chiefs Back G-7 Push on Frozen Russian Assets

Euro-area finance ministers gave political backing Wednesday to an effort by Group of Seven nations to provide loans to Ukraine using windfall profits generated from immobilized Russian central bank assets.

“The discussion among ministers showed appreciation for the constructive engagement with G-7 partners in this regard and full support for it to continue,” Eurogroup president Paschal Donohoe said in a statement following a video conference meeting of finance ministers.