Letter: Did G7 miss a trick in its frozen Russian assets plan?

World leaders have missed a trick (“G7 countries agree $50bn Ukraine loan backed by frozen Russian assets”, Report, June 14). Their decision to use seized Russian assets to help rebuild Ukraine appears to base the number on a conservative, circa 1 per cent, return on those assets. Readers with enough money to employ high-end wealth managers will know that, had the G7 called this a management fee, they might have doubled the take at a stroke, adding a little VAT for good measure. And all without any bankerly hand-wringing about protecting client deposits.

Peter Krijgsman
Taunton, Somerset, UK