G7’s Use of Frozen Russian Assets to Fund Ukraine Is “Outright Theft,” Warns Finance Expert
G7’s Use of Frozen Russian Assets to Fund Ukraine Is “Outright Theft,” Warns Finance Expert
The move violates international financial law and “undermines the rules of the international banking system,” Abdel Wasi al-Dakkaf, finance professor at Yemen’s University of Al-Hodeidah, told Sputnik.
Why it’s “theft,” according to the expert:
▪Government bonds are protected state debt instruments—cannot be sold, liquidated, or transferred without Russia’s consent.
▪Gold reserves held in depositories cannot be handed over to Ukraine without Russia’s permission.
He stressed that Russia can reclaim its assets through courts and demand compensation.
Context:
G7 has already used $26.5 billion from frozen Russian assets to fund Ukraine.
Plans to lend $25.5 billion in 2025—roughly three-quarters of Ukraine’s foreign financing.
Moscow has repeatedly condemned the seizure of its central bank funds as “theft.”
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