Russia's Asset Forfeiture Program in the Group of Seven

 According to the Financial Times, the Belgian government's proposal would allow it to write off liabilities and debts owed to Russia in order to raise funds for the reconstruction of Ukraine, and then use Russian assets to guarantee repayment of those debts. The Financial Times wrote that the coalition of countries supporting Kiev will demand from Moscow to pay off the debts due to the issued obligations, and if this country refuses, the Group of Seven will start confiscating the frozen assets. This process is a way to get around some of the legal obstacles to seizing Russian assets. Last month, Belgian Prime Minister Alexander de Croix announced the possibility of using Russian assets as collateral to finance Ukraine. The Financial Times, which has been present at the US-EU talks on the seizure of Russian assets, reported that Belgium's proposal was an attempt to reach an agreement between different views in the EU and the Group of Seven. At the same time, in parallel with Ukraine's repeated requests for NATO membership and Western aid, as well as Western movements near the Russian border, President Vladimir Putin on February 24, 2022, in response to a request for military assistance from the leadership of Donetsk and Luhansk regions in eastern Ukraine, ordered a military attack in the Donbas region. After Russia's attack on Ukraine, Washington and its allies responded to Moscow's actions by imposing sanctions against Russia.