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The funds will be released after the conflict with Kiev is resolved and Moscow pays for the damage, the group says Russian assets frozen by the G7 nations will remain “immobilized” until the Ukraine conflict is resolved and Moscow pays reparations, the group of industrialized economies has announced.

The St. Nikolas was transporting crude from Iraq to Turkey when it was boarded An oil tanker has been boarded and seized by Iranian forces in Gulf of Oman, Tehran’s Navy confirmed on Thursday. The St Nikolas – a Greek-owned vessel bearing the Marshall Islands flag – was taken in retaliation for last year’s incident…