The G7 countries officially announced that they had agreed to provide Ukraine with $50 billion. loan for funds from frozen assets of Russia.
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This is stated in the official communiqué of the group’s leaders, published on the evening of June 14.
G7 revealed details of a $50 billion loan. with funds from Russian assets.
To support Ukraine’s current and future needs in the face of a long-term defense against Russia, the G7 will begin providing Ukraine with an Extraordinary Revenue Acceleration (ERA) loan to provide Ukraine with approximately $50 billion in additional financing by the end of the year, they note.
It is important that the loans will be repaid using emergency proceeds from immobilized Russian sovereign assets.
The Group of Seven confirmed that Russian assets will be frozen until the aggression ceases and all losses are compensated to Ukraine. G7 funding will be directed to Ukraine’s military, budgetary and reconstruction needs,” and the Interagency Donor Coordination Platform for Ukraine will monitor this process.
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.