Zelensky asks for time, Washington confiscates Russian funds

by time news

2023-05-11 11:33:44

► Ukraine needs time before a counter-offensive, says Zelensky

Ukrainian President Volodymyr Zelensky assured Thursday, May 11 in an interview with the BBC that his army still needed time to prepare a widely expected counter-offensive against Russian forces.

“With (what we have) we can move forward and be successful. But we would lose a lot of people. I think that is unacceptable. So we have to wait. We still need a little extra time”Volodymyr Zelensky told the BBC.

► US transfers seized Russian funds and directs them to Ukraine

The US Attorney General announced on Wednesday that he has finalized the first transfer of confiscated Russian funds to help rebuild Ukraine. In February, Merrick Garland decided to allocate to Ukraine 5.3 million dollars seized from the accounts of the Russian oligarch Konstantin Malofeïev.

“I had authorized the transfer of these funds (…) to remedy the evils of the unjust war” led by Moscow in Ukraine, he recalls in a press release. The sum “has now been transferred to the State Department and will be dedicated to this cause”he adds. “This is the first transfer by the United States of seized Russian funds in order to rebuild Ukraine, but not the last”he wrote.

► Ukraine and banking sector on the menu of G7 finance ministers in Japan

Support for Ukraine at war should dominate the agenda of the big moneymakers of the G7 countries meeting from Thursday in Japan, even if other subjects await them, such as fears about the banking sector and the American debt.

Russia: Is Yevgeny Prigojine escaping Vladimir Putin?

Ahead of this rally, US Treasury Secretary Janet Yellen reiterated the willingness of G7 members (US, Japan, Germany, UK, France, Italy and Canada) to support Ukraine as long as necessary and to strengthen the effectiveness of their sanctions against Russia. “This year, a central part of our strategy is to take further steps to prevent Russia from evading our sanctions,” she said.

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