EU countries are not participating in this loan, also due to the fact that all these assets are frozen in Europe, explained Giorgia Meloni.
European countries will not directly participate in the $50 billion loan for Ukraine, which will be allocated from the proceeds of Russian fixed assets. Italian Prime Minister Giorgia Meloni said this at a press conference following the G7 Summit on Saturday, June 15.
“A $50 billion loan has already been announced, to be provided by the US, Canada, the UK and possibly Japan, within its existing constitutional limits,” he said.
Meloni argued that EU countries are not participating in this loan, due to the fact that all these assets are frozen in Europe.
“Therefore, Europe is already making its contribution by defining a guarantee mechanism for the repayment of this debt,” explained the Prime Minister, whose country currently leads the G7.
He added that the issue should be considered by the European Council and technically should be resolved by European finance ministers.
On the eve of George, Meloni confirmed that G7 leaders had reached a political agreement to provide Ukraine with about $50 billion in support from Russian fixed assets. The money should be allocated by the end of this year.
It was also learned that Ukraine has set its own conditions for the allocation of $50 billion.
Source: korrespondent
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