Bloomberg reported the information.These funds will help Ukraine purchase weapons, particularly from the U.S., and support its economy.UK Prime Minister Keir Starmer confirmed his readiness to coordinate actions with the EU, France, Germany, and other G7 countries, including the U.S. The leaders plan to jointly increase pressure on Russia, including through financial mechanisms and measures against Russia's shadow fleet.This week, during the annual IMF meetings in Washington, the finance ministers of the G7 countries will discuss the details of the plan, as well as new sanctions against the Russian energy sector and companies that support the trade of Russian oil.The main difficulty in the negotiations is that Belgium wants guarantees in case Russia demands the return of the assets through court. The EU and its member states are working to provide them.The EU hopes to reach a political agreement at the next meeting in Brussels, after which the mechanism for releasing the funds could be operational by the middle of next year.Frozen Russian assetsThe value of frozen Russian sovereign assets in the EU is almost €211 billion. In total, the European Union, G7 countries, and Australia have frozen approximately €260 billion in securities and cash.In October 2024, the EU Council finalized the provision of a loan to Ukraine of up to €35 billion. This money is the bloc's contribution to the G7 initiative to provide Ukraine with a $50 billion (€45 billion) loan, which will be repaid from the profits of frozen Russian assets.A few days after the EU Council's decision, the G7 countries agreed on a $50 billion loan for Ukraine, funded by the income from frozen Russian assets. The U.S. contribution is $20 billion.On August 29, the European Commission began developing a mechanism to transfer almost €200 billion of frozen Russian assets. The EU is considering transferring the assets to a "special purpose holding company" supported by the G7 countries. €18 billion from the EU will be fully paid out by the end of the year, which is why a new solution for the frozen Russian assets is being sought again.On September 4, the UK government directed one billion pounds from the income of frozen Russian assets to purchase military aid for Ukraine.