G7 will provide Ukraine with $50 billion using frozen Russian assets - Bloomberg

G7 will provide Ukraine with $50 billion using frozen Russian assets - Bloomberg

The G7 countries have agreed to the US plan to use frozen Russian assets to provide Ukraine with a $50 billion loan. This decision will provide Ukraine with the necessary funding and help protect it from political risks on both sides of the Atlantic. This was reported by Bloomberg.


According to sources, the governments of the G7 countries support the US proposal to use the proceeds of the Russian central bank's $280 billion, most of which are frozen in Europe, to finance a loan to Ukraine.


The G7 finance ministers are discussing the issue at a meeting in Stresa, Italy, with the aim of agreeing on options for a final decision at the June 13-15 summit.


Although the G7 is close to reaching agreement on the main issues of the deal, many important details remain to be discussed. This includes the exact mechanism of the loan, the amount of advance funds, and the distribution of risks among the participants of the agreement.





The G7 countries have agreed to the US plan to use frozen Russian assets to provide Ukraine with a $50 billion loan. This decision will provide Ukraine with the necessary funding and help protect it from political risks on both sides of the Atlantic. This was reported by Bloomberg.


According to sources, the governments of the G7 countries support the US proposal to use the proceeds of the Russian central bank's $280 billion, most of which are frozen in Europe, to finance a loan to Ukraine.


The G7 finance ministers are discussing the issue at a meeting in Stresa, Italy, with the aim of agreeing on options for a final decision at the June 13-15 summit.


Although the G7 is close to reaching agreement on the main issues of the deal, many important details remain to be discussed. This includes the exact mechanism of the loan, the amount of advance funds, and the distribution of risks among the participants of the agreement.