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G7 Leaders Agree To Lend Ukraine $50 Billion Using Frozen Russian Assets
ITALY – In a landmark decision on Thursday, G7 leaders have agreed to lend Ukraine $50 billion this year.
ITALY – In a landmark decision on Thursday, G7 leaders have agreed to lend Ukraine $50 billion this year. The funds, backed by profits from frozen Russian assets, aim to support Ukraine’s war effort and rebuilding.
U.S. President Joe Biden, a key advocate, pushed allies to reach this deal despite European hesitations.
The agreement will be finalized at the summit’s conclusion, though some details remain unresolved.
The loan, set to be disbursed this year, will cover military, budget, humanitarian, and reconstruction needs.
Officials highlight that repayments will come from interest on Russian assets.
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