100s of titles, one news app for just $10 a month.
Dive Deeper:
Get all your news in one place
Latest Business news:
As Melbourne's night-life recovers from COVID, a liquor licence freeze brought in 13 years ago is under the microscope
The state government says the pause on the granting of new liquor licences will remain in place until June 2023.
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
New Bank of Korea Chief Rhee Takes More Vocal Stance on Economy
New Bank of Korea Governor Rhee Chang-yong is turning out to be more outspoken than his predecessor as he shows…
Bitcoin Price May Crash to $8,000
Guggenheim Chief Investment Officer Scott Minerd thinks bitcoin could fall even lower.
Airbnb stops booking stays in China: source
San Francisco (AFP) - Home rental service Airbnb is shutting down its business in China as a pandemic lockdown shows…
Bitcoin Evangelists Remain Enthusiastic Despite Crypto Rout
The cryptocurrency market has lost over $1.6 trillion since November, but that hasn't tempered the passion of the bitcoin evangelists.
From analysis to good news, read the world’s best news in one place
Confidence stabilises after sharp drop
Consumers confidence perked up slightly in the past week, aided by the drop in the unemployment rate to 3.9 per…
European Central Bank chief signals possible July rate hike
The president of the European Central Bank has given the clearest sign yet that policymakers will aim to raise interest…

Ukraine asks G7 to seize Russian assets to rebuild country

FILE PHOTO: Ukraine's Foreign Minister Dmytro Kuleba looks on as he attends a news conference with Germany's Social Democratic Party (SPD) parliamentary group leader Rolf Muetzenich and SPD co-leader Lars Klingbeil, after a meeting amid Russia's invasion of Ukraine, in Berlin, Germany May 12, 2022. REUTERS/Michele Tantussi

Ukraine asked the G7 group of rich nations on Friday to seize Russian assets and hand them over to help it rebuild after months of war, Foreign Minister Dmytro Kuleba said.

Kuleba said he made the request while addressing a meeting of G7 foreign ministers in northern Germany. "We are talking about hundreds of billions of dollars. Russia must pay," Kuleba told reporters on the sidelines of the session.

He also called on the European Union to push through plans for wider sanctions in Russia, including an oil embargo, and said he hoped Hungary would drop opposition to the scheme.

"We do not interfere in their discussion, but it's a critical moment when we will see whether EU unity will continue to exist or whether it will be broken," he said.

The G7 foreign ministers backed giving more aid and weapons to Kyiv at the meeting, in what Germany called a "powerful sign of unity" to deepen Russia's global isolation.

Kuleba said there has been much improvement on weapons supplies to the country, but more were need to ensure Kyiv could continue to hold out against Moscow, especially multiple rocket launch systems.

He accused Russia of blocking Ukrainian exports of agricultural products and said the G7 had discussed how to lift the blockade.

The Kremlin calls its Feb. 24 invasion of Ukraine a "special military operation" to demilitarise a neighbour threatening its security.

Ukraine says it poses no threat to Russia and that the deaths of thousands of civilians and destruction of cities and towns show that Russia is waging a war of aggression.

(Reporting by Alexander Ratz; editing by John Irish and Andrew Heavens)

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.