G7 still looking at frozen Russian assets to help Ukraine, foreign ministers say

The Group of Seven (G7) major powers are continuing to look at ways to use frozen Russian sovereign assets to help fund support for Ukraine, G7 foreign ministers said on Friday. "As requested by Leaders, we will continue our work and update ahead of the (G7) Apulia Summit (in June) on all possible avenues and feasible options by which immobilized Russian sovereign assets could be made use of to support Ukraine," the ministers said in a statement.

The ministers also said they would tighten enforcement of their oil price cap on Russia.