The leaders of the G7 countries published a joint statement in which they reported that they had reached an agreement on the details of providing Ukraine with a loan of $50 billion at the cost of Russian assets.
The G7 states reached a consensus on the procedure for providing Ukraine with a $50 billion loan using Russian fixed assets. This was stated in a G7 statement made at the annual summit in southern Italy.
“We, the leaders of the Group of Seven, reached a consensus on how to provide approximately $50 billion under the Emergency Revenue Acceleration Loan initiative for Ukraine,” the document said.
It was decided that this loan will be repaid and repaid through interest on fixed assets of Russia in accordance with the national laws of the G7 states and international law.
“Loan proceeds will be disbursed through multiple channels to support Ukraine’s budgetary needs, as well as providing military and reconstruction aid,” the G7 said.
The document states that the goal is “to begin disbursing funds by the end of the year.”
It was previously reported that the Joe Biden administration intends to split its share of the debt – $20 billion – between military and financial aid to Ukraine.
We remind you that the Council of the European Union has finally approved the allocation of loans to Ukraine in the amount of up to 35 billion euros through taxes on excess income from fixed assets.
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Source: korrespondent
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.