Although ― in the words of its statement on Saturday ― the G7 is “making progress” on the U.S.-led proposal to “bring forward” the future profits of the assets for the loan, countries such as France and Germany fear their taxpayers will be on the hook if Kyiv can’t pay it back once the war is over.
“There are significant technical and legal problems,” said Italian Finance Minister Giancarlo Giorgetti, who was chairing the meeting under the country’s G7 presidency.
Russian state assets were frozen in Europe immediately after President Vladimir Putin’s invasion of…