President of Ukraine Volodymyr Zelensky, in a speech to the leaders of the G7, proposed the creation of a global mechanism for the confiscation of Russian assets.
“The President proposed the creation of an effective global mechanism for the confiscation of frozen or confiscated Russian assets,” reads a message posted Monday on the website of the Office of the President of Ukraine.
Zelensky hopes that “the US State Department will support the decision to recognize the Russian Federation as a state sponsor of terrorism” and wants to introduce “sharp restrictions on Russia’s oil revenues.”
According to him, the sanctions pressure should be increased, in particular, “by forcing a reduction in prices for Russian exported oil.”
Source: TASS