US proposes G7 explore ways to confiscate $300B in Russian assets

The United States has proposed that working groups from G7 countries explore ways to seize $300 billion in frozen Russian assets, the Financial Times reported on Thursday.

The United States, backed by the UK, Japan, and Canada, has proposed moving forward with preparatory work so that options would be ready for G7 leaders to consider at a potential meeting around February 24.

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