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According to a Reuters report, U.S. Treasury Secretary Janet Yellen will push the scam—suggested by Chatham House et al.—to use the frozen Russian central bank assets as collateral to generate a 50-billion-dollar loan for Ukraine. Yellen will do this at the 2023-2024 G7 meeting of finance ministers in Stresa, Italy. She will stop in Frankfurt before going to Italy.

The Italian G7 chairmanship, represented by Finance Minister Giancarlo Giorgetti, will be in the uncomfortable position of providing the initial draft for the decision.

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