no hard details<\/a>\u00a0will emerge on a U.S push for a loan to Ukraine backed by the future income from some $300 billion of frozen Russian assets.<\/p>\n\n\n\n“We will be putting a proposal to use the windfall profits for the Russian assets for the years to come,” French Finance Minister Bruno Le Maire told reporters ahead of the opening session, a broad review of the global economy.<\/p>\n\n\n\n
“So let’s compare the proposals. Let’s see what is the most convenient, the most efficient, the most rapid proposal that could be put in place,” Le Maire said.<\/p>\n\n\n\n
U.S. Treasury Secretary Janet Yellen has said a loan could amount to some $50 billion, but that no amounts have been agreed. Other G7 officials involved in the negotiations voiced caution, citing thorny legal and technical aspects to be hammered out.<\/p>\n\n\n\n
The ministers will be joined on Saturday by Ukraine’s Finance Minister Serhiy Marchenko, whose war-torn country is struggling to contain a Russian offensive in the north and the east, more than two years after Moscow invaded its neighbour.<\/p>\n\n\n\n
German Finance Minister Christian Lindner said many questions remained open on the loan proposal and he did not expect the G7 to reach any concrete decision in Stresa.<\/p>\n","protected":false},"excerpt":{"rendered":"
Reuters: STRESA, Italy, May 24 – Finance chiefs from the Group of Seven industrial democracies began a two-day meeting in Italy on Friday seeking to present a common front on the need to provide a loan to Ukraine and oppose China’s “unfair” industrial policies. However, comments from officials ahead of the gathering in Stresa, northern Italy, suggest\u00a0no hard details\u00a0will emerge on a U.S push for a loan to Ukraine backed by the future income from some $300 billion of frozen Russian assets. “We will be putting a proposal to use the windfall profits for the Russian assets for the years… <\/p>\n","protected":false},"author":1,"featured_media":39527,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-39524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-english"],"_links":{"self":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/39524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39524"}],"version-history":[{"count":1,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/39524\/revisions"}],"predecessor-version":[{"id":39526,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/posts\/39524\/revisions\/39526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=\/wp\/v2\/media\/39527"}],"wp:attachment":[{"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gyalchisarshog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}