Meeting remotely in the ‘inclusive Eurogroup’ format, on Wednesday 5 June, the European finance ministers will be considering a proposal that would enable the mobilisation of profits generated by Russian public assets tied up in the G7 countries.
At the G7 Finance Summit in Stresa (Italy), ministers from the seven major Western economies welcomed the US proposal to use current and future windfall revenues from Russian sovereign assets to borrow up to $50 billion on a leveraged basis...