The US has proposed that working groups from G7 countries explore ways to seize US$300 billion&nbsp;(S$400 billion)&nbsp;in frozen Russian assets, the Financial Times reported on Thursday (Dec 28).

The US, backed by the UK, Japan and Canada, has proposed moving forward with preparatory work so that options would be ready for G7 leaders to consider at a potential meeting around Feb&nbsp;24, according to the report.

ALSO READ:&nbsp;<a href="https://www.asiaone.com/world/more-sanctions-russia-agreed-eu-leaders" target="_blank">More sanctions on Russia agreed by EU leaders</a>

A member of staff arranges national flags prior to a group photo session during the G7 Foreign Ministers' Meeting at the Iikura Guest House, Wednesday, Nov 8, 2023, in Tokyo, Japan.

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The US has proposed that working groups from G7 countries explore ways to seize US$300 billion (S$400 billion) in frozen Russian assets, the Financial Times reported on Thursday (Dec 28). The US, backed by the UK, Japan and Canada, has proposed moving forward with preparatory work so that options would be ready for G7 leaders to consider at a potential...

US proposes G7 explore ways to confiscate $400b in Russian assets: FT