MOSCOW, Dec. 28 (Sputnik) - Germany, France, Italy and the European Union have expressed reservations regarding Washington's idea to confiscate Russian assets worth $300 billion and consider it necessary to first assess the legality of the measure, the Financial Times newspaper reported on Thursday, citing sources.

The United States have proposed working groups from the G7 countries to explore ways to seize $300 billion in frozen Russian assets. With the support of the UK, Japan and Canada, the US proposed to prepare options on confiscating Russian assets for a possible G7 meeting around February 24, 2024.

The EU, UK and France have stressed that the money received via the confiscation would not be easily accessible and would also be insufficient to cover Ukraine's reconstruction needs. In addition, the countries noted that the confiscation of Russian assets should not occur to the detriment of providing financial support to Kiev in 2024.

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