Business
Ukraine finance minister calls for use of Russian frozen assets from 2026
Ukraine’s Finance Minister Serhii Marchenko called on Group of Seven (G7) finance ministers to make Russia’s immobilized bank reserves available for Ukraine from the beginning of 2026, in a meeting held on Oct. 15 in Washington, D.C. About $300 billion of Russia’s central bank’s foreign reserves were immobilized in 2022 after Russia launched its full-scale invasion of Ukraine. The European Commission is currently developing a "reparations loan" initiative that would lend 140 billion euros of th
