The G7 countries agreed to allocate $50 billion to Ukraine. at the expense of frozen Russian assets.
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German Finance Minister Christian Lindner announced this today, June 13, on his page on the social network X.
Good news from the G7: another $50 billion for Ukraine. To do this, we use interest from frozen assets – a smart tool that demonstrates our unity to Putin, greatly helps Ukraine and relieves the burden on budgets. Now we are working on the details,” he noted.
Yesterday, June 12, the French newspaper Le Monde spoke about such plans of the G7 countries, citing a representative of the French President, Deutsche Welle reports.
According to Le Monde, the heads of the G7 planned to agree to use the profits from frozen Russian assets in the amount of $325 billion. as collateral for providing a loan to Kyiv.
According to these plans, Ukraine will receive $50 billion from its allies in the near future, and the loan will be repaid from interest transferred to it from the assets of the Central Bank of the Russian Federation frozen in Western countries.
The newspaper claims that this initiative came from US representatives.
If for one reason or another Russian assets are unfrozen or the proceeds from Russian assets are not enough to finance the loan, then we will have to consider how to share the load, the publication’s interlocutor noted.
Source: Christian Lindner, Deutsche Welle
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.