This is the best summary I could come up with:

The talks among finance ministers, central bankers, diplomats and lawyers have intensified in recent weeks, officials said, with the Biden administration pressing Britain, France, Germany, Italy, Canada and Japan to come up with a strategy by Feb. 24, the second anniversary of the invasion.

With Europe’s own promise of fresh funds also stuck, a variety of new ideas are being debated about how to use the Russian assets, either dipping into them directly, using them to guarantee loans or using the interest income they earn to help Ukraine.

“This amount of money that we’re talking about here is simply game-changing,” said Philip Zelikow, a State Department official in both Bush administrations and a senior fellow at Stanford University’s Hoover Institution.

He seemed to suggest that the funds should be directed to arms purchases, adding, “The assets of the terrorist state and its affiliates should be used to support Ukraine, to protect lives and people from Russian terror.”

And bringing the funds home to Russia would have been another tipoff that an invasion was imminent, at a time Mr. Putin was vigorously denying American and British charges that he was preparing for military action.

Robert B. Zoellick, the former World Bank president, has been making the case to Group of 7 finance ministers that as long as they act in unison, seizing Russian assets would not have an impact on their currencies or the status of the dollar.

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