Proceeds from Russian assets could fund bond sales, Ukraine's central bank says

20/4/2024 13:11

        Ukraine and its international partners have discussed bundling future proceeds from frozen Russian assets to back bond sales by the war-ravaged nation, Ukrainian central bank chief Andriy Pyshnyi said on Friday.
        
        Ukrainian Prime Minister Denys Shmyhal and Finance Minister Serhiy Marchenko met with U.S. Treasury Secretary Janet Yellen, leaders of the International Monetary Fund (IMF) and World Bank, and finance officials from a number of countries on Wednesday on the sidelines of the IMF and World Bank spring meetings in Washington.
        
        Pyshnyi said in an interview this week, the talks focused on a wide range of issues, including how to make use of frozen Russian assets in Western nations - estimated at about $300 billion - to benefit Ukraine.
        
        One of the possibilities discussed was bundling future interest proceeds from seized Russian assets - estimated to amount to between $3 billion and $5 billion per year - to back bond issuance.