The U.S. has proposed that the Group of Seven industrialized nations issue at least $50 billion in bonds to support Ukraine’s war effort, backed by frozen Russian assets, Bloomberg reported.
The so-called freedom bonds would allow investors to loan Kyiv much-needed cash safely and at favorable interest rates.
The bonds would be backed by billions in interest generated by the $280 billion in Russian central bank assets lying frozen in financial institutions in G7 countries and the European Union — which some EU countries have said should be seized outright.
The G7 initially said those assets would stay frozen until Russia agrees to pay Ukraine back for the extensive damage its war campaign has caused. People familiar with the proposal told Bloomberg that discussions over the bond idea are still in early stages.
The proposal comes as the U.S. struggles to send funding to Kyiv, with a $60 billion aid package still held up in…
