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Kremlin spokesman Dmitry Peskov denounced the scheme of countries within Group 7 (G7) to use Russian assets to restore Ukraine, as international extortion and legalized theft.

Answering questions about the Kremlin's views on the ideas voiced at the G7 summit, Peskov noted they were considered "very negative".

According to him, "they are talking about blatant efforts to discuss the possibility of legalizing the theft committed earlier."

"This is purely international extortion! It's sad that such topics are discussed in such forums," Peskov said as reported by TASS on October 13.

Group 7 believes, in the post-conflict process of rebuilding Ukraine, among others, frozen Russian funds must be used for this purpose. This was stated in a joint statement by the G7 leadership, which was released on Tuesday by the German Cabinet.

Some Western countries consider it necessary to use blocked Russian assets in other countries to finance Ukraine's recovery and call for the confiscation of these funds for this scheme.

It is known, after the launch of a special Moscow operation in Ukraine, the US-led West imposed sanctions on the Bank of Russia.

In addition to freezing Russia's gold reserves and foreign exchanges, all transactions related to the management of reserves and assets of the Bank of Russia, as well as transactions with legal entities, organizations, or any body acting on behalf of, or on behalf of regulators, are also subject to bans.


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